1 NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
|
|
|
- Beverly Scott
- 5 years ago
- Views:
Transcription
1 1 NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
2 Measuring the Accuracy of Engineering Models in Predicting Energy Savings from Home Retrofits: Evidence from Monthly Billing Data Joe Maher National Socio-Environmental Synthesis Center (SESYNC) Camp Resources Wrightsville Beach, NC August 8, NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
3 Research Objectives Paper evaluates eight residential energy efficiency rebate programs in Gainesville, Florida using a panel data set of electricity and natural gas consumption, to: Estimate the energy savings for individual measures Compare these estimates to engineering predictions Calculate return on investment across measures and rebate programs area 3 NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
4 Engineering models of energy use Engineering models of energy use are used to: Design new, more efficient buildings Predict savings from retrofit measures Inform policy design and implementation Evaluating the accuracy of these models is important given the role they play in informing investment/ policy implementation Energy efficiency gap: Can be defined as the failure of consumers to make seemingly positive net present value energy-saving investments EE gap could be explained by inaccurate engineering estiamtes Location and area of canopy loss within a property 4 NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
5 Literature Engineering models systematically over-estimate realized energy savings: Graff Zivin and Novan (2015): Low-income weatherization (80%) Fowlie, Greenstone, Wolfram (2015): Low-income weatherization (40%) Davis (2013): Refrigerator (30%), Room Air conditioner (0%) Poor return on investment and program performance: Low-income populations Expensive subsidy programs (federal grants) Bundling multiple retrofits per project Contributions of this paper: Heterogeneity across several specific measures Optimal program design to target most cost-effective measures 5 NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
6 Data from Gainesville Regional Utility Retrofits ( ) Eight energy efficiency measures, most available to most Gainesville residents Project-level rebate, cost, installation date Measure-specific engineering estimates Energy Bills ( ) Census of ~40,000 households in GRU service area Monthly electricity and natural gas bills Housing Characteristics (2012, County Property Appraiser) Building characteristics, home improvements, home sales 6 NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
7 Data from Gainesville Regional Utility Retrofits ( ) Eight energy efficiency measures, most available to most Gainesville residents Project-level rebate, cost, installation date Measure-specific engineering estimates Energy Bills ( ) Census of ~40,000 households in GRU service area Monthly electricity and natural gas bills Housing Characteristics (2012, County Property Appraiser) Building characteristics, home improvements, home sales 7 NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
8 Data from Gainesville Regional Utility Retrofits ( ) Eight energy efficiency measures, most available to most Gainesville residents Project-level rebate, cost, installation date Measure-specific engineering estimates Energy Bills ( ) Census of ~40,000 households in GRU service area Monthly electricity and natural gas bills Housing Characteristics (2012, County Property Appraiser) Building characteristics, home improvements, home sales 8 NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
9 Data from Gainesville Regional Utility Retrofits ( ) Eight energy efficiency measures, most available to most Gainesville residents Project-level rebate, cost, installation date Measure-specific engineering estimates Energy Bills ( ) Census of ~40,000 households in GRU service area Monthly electricity and natural gas bills Identification Restrict sample to households that received a single retrofit (N=5,165) Control group of future program participants that have not yet installed retrofits (but ultimately do). 9 NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
10 Summary Statistics Variable Ex-ante energy savings (kwh per month) Super-SEER SEER-15 Room Air Pool Pump Refrigerator Removal Attic Insulation Duct Leakage Repair Air Conditioning Maintenance Project cost $7,291 $5,672 - $1,452 - $761 $863 $97 Rebate $555 $295 $162 $284 $72 $199 $359 $55 Rebate relative to cost 8% 5% 100% 20% 100% 26% 42% 57% Expected useful lifetime (years) Treated houses , , NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
11 Installations by Retrofit and Year Year Installed Super-SEER SEER-15 Room Air Pool Pump Refrigerator Removal Attic Insulation Duct Leakage Repair Air Conditioning Maintenance Total , , NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
12 Two-Way Fixed Effects Models ijt t i τ j ω ijt ijt y ijt energy consumption (kwh, therms) for house i in period t λ t c im indicator variable for billing period (year*month) indicator variable for house month (house*month-of-year) ω ijt indicator variable equal to one in periods after installation of retrofit type j ε ijt τ j error term (clustered by house) average treatment effect by retrofit type (which persists over time) *Sample restricted to houses that are treated by end of study period 12 NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
13 Estimates of Energy Savings Variables Super-SEER SEER-15 Room Air Pool Pump Refrigerator Removal Attic Insulation Duct Leakage Repair Air Maintenance A. Total energy consumption (kwh per month) Treatment *** *** ** -46.6*** -87.6*** Effect (27.6) (38.7) (47.4) (46.9) (17.5) (28.4) (33.8) (18.6) Constant 1,677*** 1,360*** 1,267*** 2,575*** 1,479*** 1,369*** 1,444*** 1,724*** (48.2) (26.9) (31.7) (37.9) (12.3) (23.8) (30.3) (13.6) Observations 114,415 51,173 38,645 65, ,337 98,570 62, ,670 R-squared B. Electricity consumption (kwh per month) Treatment *** -81.0*** *** -49.8*** Effect (18.6) (28.2) (32.1) (30.3) (12.5) (18.8) (23.9) (12.7) Constant 1,262*** 1,035*** 961*** 1,764*** 1,106*** 1,121*** 1,194*** 1,114*** (34.1) (17.1) (30.3) (24.8) (8.4) (11.8) (18.6) (9.3) Observations 114,156 51,046 38,332 65, ,544 97,837 61, ,004 R-squared C. Natural gas consumption (therm per month) Treatment -4.0*** -3.5*** *** Effect (0.8) (1.1) (1.6) (1.1) (0.5) (0.8) (0.9) (0.5) Constant 33.3*** 23.3*** 22.6*** 30.5*** 28.9*** 23.4*** 21.6*** 25.4*** (0.5) (1.0) (1.7) (2.4) (0.4) (0.7) (1.2) (0.5) Observations 75,974 26,677 19,583 44, ,233 59,913 38, ,741 R-squared NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
14 Estimates of Energy Savings Variables Super-SEER SEER-15 Room Air Pool Pump Refrigerator Removal Attic Insulation Duct Leakage Repair Air Maintenance A. Total energy consumption (kwh per month) Treatment *** *** ** -46.6*** -87.6*** Effect (27.6) (38.7) (47.4) (46.9) (17.5) (28.4) (33.8) (18.6) Constant 1,677*** 1,360*** 1,267*** 2,575*** 1,479*** 1,369*** 1,444*** 1,724*** (48.2) (26.9) (31.7) (37.9) (12.3) (23.8) (30.3) (13.6) Observations 114,415 51,173 38,645 65, ,337 98,570 62, ,670 R-squared B. Electricity consumption (kwh per month) Treatment *** -81.0*** *** -49.8*** Effect (18.6) (28.2) (32.1) (30.3) (12.5) (18.8) (23.9) (12.7) Constant 1,262*** 1,035*** 961*** 1,764*** 1,106*** 1,121*** 1,194*** 1,114*** (34.1) (17.1) (30.3) (24.8) (8.4) (11.8) (18.6) (9.3) Observations 114,156 51,046 38,332 65, ,544 97,837 61, ,004 R-squared C. Natural gas consumption (therm per month) Treatment -4.0*** -3.5*** *** Effect (0.8) (1.1) (1.6) (1.1) (0.5) (0.8) (0.9) (0.5) Constant 33.3*** 23.3*** 22.6*** 30.5*** 28.9*** 23.4*** 21.6*** 25.4*** (0.5) (1.0) (1.7) (2.4) (0.4) (0.7) (1.2) (0.5) Observations 75,974 26,677 19,583 44, ,233 59,913 38, ,741 R-squared NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
15 Estimates of Energy Savings Variables Super-SEER SEER-15 Room Air Pool Pump Refrigerator Removal Attic Insulation Duct Leakage Repair Air Maintenance A. Total energy consumption (kwh per month) Treatment *** *** ** -46.6*** -87.6*** Effect (27.6) (38.7) (47.4) (46.9) (17.5) (28.4) (33.8) (18.6) Constant 1,677*** 1,360*** 1,267*** 2,575*** 1,479*** 1,369*** 1,444*** 1,724*** (48.2) (26.9) (31.7) (37.9) (12.3) (23.8) (30.3) (13.6) Observations 114,415 51,173 38,645 65, ,337 98,570 62, ,670 R-squared B. Electricity consumption (kwh per month) Treatment *** -81.0*** *** -49.8*** Effect (18.6) (28.2) (32.1) (30.3) (12.5) (18.8) (23.9) (12.7) Constant 1,262*** 1,035*** 961*** 1,764*** 1,106*** 1,121*** 1,194*** 1,114*** (34.1) (17.1) (30.3) (24.8) (8.4) (11.8) (18.6) (9.3) Observations 114,156 51,046 38,332 65, ,544 97,837 61, ,004 R-squared C. Natural gas consumption (therm per month) Treatment -4.0*** -3.5*** *** Effect (0.8) (1.1) (1.6) (1.1) (0.5) (0.8) (0.9) (0.5) Constant 33.3*** 23.3*** 22.6*** 30.5*** 28.9*** 23.4*** 21.6*** 25.4*** (0.5) (1.0) (1.7) (2.4) (0.4) (0.7) (1.2) (0.5) Observations 75,974 26,677 19,583 44, ,233 59,913 38, ,741 R-squared NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
16 Validation of Engineering Estimates (natural gas & electricity) 16 NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
17 Validation of Engineering Estimates (electricity only) 17 NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
18 Engineering versus realized energy savings Super-SEER SEER-15 Maher 140% 330% Davis, Fuchs Gertler Room Air 125% 0% Pool Pump 70% Refrigerator Removal 40% 30% Metcalf & Hassett Attic Insulation 70% 20% Duct Leakage Repair 40% Air Maintenance 5% Fowlie, Greenstone Wolfram Graff Zivin & Novan Low-Income Weatherization 40% 80% Electricity x x x Natural Gas x x 18 NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
19 Returns on Retrofit Investments Super-SEER SEER-15 Room Air Pool Pump Refrigerator Removal Attic Insulation Duct Leakage Repair Air Maintenance Panel A: Present value of (discounted) savings $6,508 $4,934 $1,309 $1,264 $1,043 $3,428 $1,474 $13 Panel B: Private internal rate of return 4.5% 4.2% % % 14.4% -57.2% Panel C: Private internal rate of return, after rebate payment 5.5% 4.9% % % 26.6% -39.4% Panel D: Cost per kilowatt hour of (discounted) energy savings $0.02 $0.02 $0.06 $0.03 $0.01 $0.02 $0.07 -$ NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
20 Returns on Retrofit Investments Super-SEER SEER-15 Room Air Pool Pump Refrigerator Removal Attic Insulation Duct Leakage Repair Air Maintenance Panel A: Present value of (discounted) savings $6,508 $4,934 $1,309 $1,264 $1,043 $3,428 $1,474 $13 Panel B: Private internal rate of return 4.5% 4.2% % % 14.4% -57.2% Panel C: Private internal rate of return, after rebate payment 5.5% 4.9% % % 26.6% -39.4% Panel D: Cost per kilowatt hour of (discounted) energy savings $0.02 $0.02 $0.06 $0.03 $0.01 $0.02 $0.07 -$ NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
21 Returns on Retrofit Investments Super-SEER SEER-15 Room Air Pool Pump Refrigerator Removal Attic Insulation Duct Leakage Repair Air Maintenance Panel A: Present value of (discounted) savings $6,508 $4,934 $1,309 $1,264 $1,043 $3,428 $1,474 $13 Panel B: Private internal rate of return 4.5% 4.2% % % 14.4% -57.2% Panel C: Private internal rate of return, after rebate payment 5.5% 4.9% % % 26.6% -39.4% Panel D: Cost per kilowatt hour of (discounted) energy savings $0.02 $0.02 $0.06 $0.03 $0.01 $0.02 $0.07 -$ NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
22 Returns on Retrofit Investments Super-SEER SEER-15 Room Air Pool Pump Refrigerator Removal Attic Insulation Duct Leakage Repair Air Maintenance Panel A: Present value of (discounted) savings $6,508 $4,934 $1,309 $1,264 $1,043 $3,428 $1,474 $13 Panel B: Private internal rate of return 4.5% 4.2% % % 14.4% -57.2% Panel C: Private internal rate of return, after rebate payment 5.5% 4.9% % % 26.6% -39.4% Panel D: Cost per kilowatt hour of (discounted) energy savings $0.02 $0.02 $0.06 $0.03 $0.01 $0.02 $0.07 -$ NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
23 Dynamics: Super-SEER Air (natural gas & electricity) 23 NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
24 Dynamics: SEER-15 Air- (natural gas & electricity) 24 NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
25 Dynamics: Pool Pump Replacement (electricity only) 25 NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
26 Dynamics: Refrigerator Removal (electricity only) 26 NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
27 Dynamics: Attic Insulation (natural gas only) 27 NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
28 Conclusions Empirical results Energy savings vary in magnitude and persistence over time Validation of ex-ante engineering models Predictions often consistent with empirical estimates Engineering bias varies in sign and magnitude across measures Validation of ex-ante engineering models Private returns suggest some retrofits are good investments Optimal program design to target cost-effective measures 28 NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
29 Thanks. 29 NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
30 Seasonal Variations in Energy Savings Variables Super-SEER SEER-15 Room Air Pool Pump Refrigerator Removal Attic Insulation Duct Leakage Repair Air Maintenance A. Total energy consumption (kwh per month) Treatment Effect *** ** * *** (36.0) (43.8) (61.6) (53.9) (22.1) (34.7) (41.1) (23.2) Treatment Effect X May to October *** -90.1** ** 57.3* (32.0) (35.8) (48.6) (45.1) (19.1) (29.5) (39.4) (23.5) Observations 114,415 51,173 38,645 65, ,337 98,570 62, ,670 R-squared B. Electricity consumption (kwh per month) Treatment Effect *** -32.8*** (17.5) (25.4) (34.3) (27.1) (11.9) (16.8) (20.6) (13.0) Treatment Effect X May to October *** *** *** -35.2* -67.6*** -9.6 (17.3) (26.7) (30.8) (25.8) (11.2) (18.3) (23.8) (14.0) Observations 114,156 51,046 38,332 65, ,544 97,837 61, ,004 R-squared C. Natural gas consumption (therm per month) Treatment Effect -6.6*** -6.4*** *** (1.4) (1.7) (3.0) (1.7) (0.8) (1.4) (1.5) (0.8) Treatment Effect X May to October 5.2*** 5.7*** *** (1.3) (1.5) (2.9) (1.5) (0.7) (1.2) (1.4) (0.8) Observations 75,974 26,677 19,583 44, ,233 59,913 38, ,741 R-squared NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
31 Seasonal Variations in Energy Savings Variables Super-SEER SEER-15 Room Air Pool Pump Refrigerator Removal Attic Insulation Duct Leakage Repair Air Maintenance A. Total energy consumption (kwh per month) Treatment Effect *** ** * *** (36.0) (43.8) (61.6) (53.9) (22.1) (34.7) (41.1) (23.2) Treatment Effect X May to October *** -90.1** ** 57.3* (32.0) (35.8) (48.6) (45.1) (19.1) (29.5) (39.4) (23.5) Observations 114,415 51,173 38,645 65, ,337 98,570 62, ,670 R-squared B. Electricity consumption (kwh per month) Treatment Effect *** -32.8*** (17.5) (25.4) (34.3) (27.1) (11.9) (16.8) (20.6) (13.0) Treatment Effect X May to October *** *** *** -35.2* -67.6*** -9.6 (17.3) (26.7) (30.8) (25.8) (11.2) (18.3) (23.8) (14.0) Observations 114,156 51,046 38,332 65, ,544 97,837 61, ,004 R-squared C. Natural gas consumption (therm per month) Treatment Effect -6.6*** -6.4*** *** (1.4) (1.7) (3.0) (1.7) (0.8) (1.4) (1.5) (0.8) Treatment Effect X May to October 5.2*** 5.7*** *** (1.3) (1.5) (2.9) (1.5) (0.7) (1.2) (1.4) (0.8) Observations 75,974 26,677 19,583 44, ,233 59,913 38, ,741 R-squared NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
32 In summary This paper uses monthly energy billing data from households in Florida to evaluate energy savings from energy efficiency retrofit programs. Engineering estimates vary widely in accuracy (and are often consistent with ex post estimates) Heterogeneous returns to energy efficiency investments Demand Side Management programs could improve performance by targeting cost-effective measures 32 NATIONAL SOCIO-ENVIRONMENTAL SYNTHESIS CENTER
Free riding and rebates for residential energy efficiency upgrades - A multi-country contingent valuation experiment
Free riding and rebates for residential energy efficiency upgrades - A multi-country contingent valuation experiment Mark Olsthoorn, Joachim Schleich, Xavier Gassmann, Corinne Faure ECEEE Summer Study
Home Performance with Energy Star Loan Policy
Home Performance with Energy Star Loan Policy The Home Performance with Energy Star Loan will help residential electric customers finance energy efficiency improvements that might be suggested for customers
EE FINANCING AND MULTI-FAMILY PROGRAMS
Energy Efficiency EE FINANCING AND MULTI-FAMILY PROGRAMS Andrew Nih 1 On-Bill Financing (OBF) for Multi-family 1 2 3 Must qualify & receive rebate from SoCalGas EE programs 0% interest, unsecured loan,
POLICIES FOR DEVELOPMENT SERVICES LOANS AND GRANTS. A. Rehabilitation loans and grants may be offered to eligible applicants as funds are available.
Revised 6/2018 POLICIES FOR DEVELOPMENT SERVICES LOANS AND GRANTS I. GENERAL A. Rehabilitation loans and grants may be offered to eligible applicants as funds are available. B. Comprehensive Rehabilitation
Ohio Edison, The Illuminating Company & Toledo Edison
Ohio Edison, The Illuminating Company & Toledo Edison Ohio Assistance and Service Programs 2/9/2018 Types of Assistance and Services Energy Assistance Programs Emergency Assistance Programs Additional
Port Authority of the City of Saint Paul Property Assessed Clean Energy Program (PACE OF MN) ADMINISTRATIVE GUIDELINES
Port Authority of the City of Saint Paul Property Assessed Clean Energy Program () ADMINISTRATIVE GUIDELINES Saint Paul Port Authority 850 Lawson Commons 380 St. Peter Street Saint Paul, MN 55102 (651)
Construction Research Congress
Construction Research Congress 2016 1254 Sensitivity Analysis of Factors Affecting Decision-Making for a Housing Energy Retrofit: A Case Study Amirhosein Jafari, S.M.ASCE 1 ; Vanessa Valentin, Ph.D., M.ASCE
Double Ratio Estimation: Friend or Foe?
Double Ratio Estimation: Friend or Foe? Jenna Bagnall-Reilly, West Hill Energy and Computing, Brattleboro, VT Kathryn Parlin, West Hill Energy and Computing, Brattleboro, VT ABSTRACT Double ratio estimation
IID APPLICATION INSTRUCTIONS ENERGY REWARDS PROGRAM FOR RESIDENTIAL CUSTOMERS
ENERGY REWARDS PROGRAM FOR RESIDENTIAL CUSTOMERS APPLICATION INSTRUCTIONS How to Apply 1. Before applying for a rebate through IID s Energy Rewards Program, please be sure to read the Energy Rewards Guidelines
PUC Financing Session May 18 th, 2017
PUC Financing Session May 18 th, 2017 3 Year Plan Financing Vision National Grid will offer a suite of financing options which will: Decrease barriers for our customers who have not yet participated Assist
Quarterly Report to the Pennsylvania Public Utility Commission
Quarterly Report to the Pennsylvania Public Utility Commission For the Period June 2014 through August 2014 Program Year 6, Quarter 1 For Pennsylvania Act 129 of 2008 Energy Efficiency and Conservation
February 18, C.J. De Santis Mack McAleer
February 18, 2015 C.J. De Santis Mack McAleer Today Introduction to the NJ AllianceNRG Program TM Program Benefits Eligibility Terms Contractor Registration Application & Approval Sales and Marketing Tools
home Program Rebate Application santee cooper Step 1 Customer Information Smart Energy Existing Homes
2017 2018 Smart Energy Existing Homes Program Rebate Application santee cooper Instructions: 1. Please complete all steps below. Incomplete applications will delay the review process. This application
Quarterly Report to the Pennsylvania Public Utility Commission
Quarterly Report to the Pennsylvania Public Utility Commission For the Period September 1, 2012 through November 30, 2012 Program Year 4, Quarter 2 For Pennsylvania Act 129 of 2008 Energy Efficiency and
CA IOU Programs for Low Income Energy Efficiency
CA IOU Programs for Low Income Energy Efficiency Energy Efficiency and Weatherization Programs Forum on Affordable Multifamily Housing February 10, 2011 San Francisco, CA 1 CA IOU Low Income Energy Efficiency
Home Energy Report Opower Program PY7 Evaluation Report
Home Energy Report Opower Program PY7 Evaluation Report FINAL Energy Efficiency/Demand Response Plan: Plan Year 7 (6/1/2014-5/31/2015) Presented to Commonwealth Edison Company February 15, 2016 Prepared
Property Assessed Clean Energy Programs and How PACE Can Benefit Your Community
Property Assessed Clean Energy Programs and How PACE Can Benefit Your Community WHAT IS PACE? Property Assessed Clean Energy (PACE) is a financing mechanism that enables low-cost, long-term funding for
Gainesville Regional Utilities. Moody s Investors Service November 8, 2016
Gainesville Regional Utilities Moody s Investors Service November 8, 2016 The Management Team has Extensive GRU and Utility Experience Edward J. Bielarski General Manager Robin L. Baxley Office Coordinator
2009 Low Income Energy Efficiency Annual Report
2009 Low Income Energy Efficiency Annual Report Summary Report 2008 Results Technical Appendix 2008 Results May 2009 CONTENTS Executive Summary...1 Program Description...2 2008 Results and Achievements...5
Upgrade to $ave financed by USDA s Energy Efficiency & Conservation Loan Program Curtis Wynn Roanoke Electric Cooperative
Upgrade to $ave financed by USDA s Energy Efficiency & Conservation Loan Program Curtis Wynn Roanoke Electric Cooperative 1,500 square mile service area 2,210 miles of line $39 million operating revenue
Hilary Hoynes UC Davis EC230. Taxes and the High Income Population
Hilary Hoynes UC Davis EC230 Taxes and the High Income Population New Tax Responsiveness Literature Started by Feldstein [JPE The Effect of MTR on Taxable Income: A Panel Study of 1986 TRA ]. Hugely important
Optimal Credit Market Policy. CEF 2018, Milan
Optimal Credit Market Policy Matteo Iacoviello 1 Ricardo Nunes 2 Andrea Prestipino 1 1 Federal Reserve Board 2 University of Surrey CEF 218, Milan June 2, 218 Disclaimer: The views expressed are solely
Energy Efficiency Simple, Safe Investment. Tim Gasper, PE Brady Energy Services (919)
Energy Efficiency Simple, Safe Investment Tim Gasper, PE Brady Energy Services (919) 781-0458 TJGasper@Trane.com Energy Efficiency in Attractions and Accommodations Energy Costs On average, America s 47,000
Executive Director s Summary Report
Executive Director s Summary Report to the Board of Trustees of the Efficiency Maine Trust July 25, 2012 I. Communications a. Government Affairs The Trust has launched a Stakeholder Process for the development
Appendix C: Southern California Gas Company. Savings Allocation and Funding Sources Tables
Appendix C: Southern California Gas Company Savings Allocation and Funding Sources Tables EE Budget Filing Table 1.1 2013 Gross Annual Savings Impacts by Year 2013 Claim (preliminary) 1,3 2014 Forecast
Distortionary Fundraising for Energy Efficiency Subsidies:
Distortionary Fundraising for Energy Efficiency Subsidies: Implications for Efficient and Equitable Policy Design Chris Bruegge Stanford University February 2, 2018 An Important Public Policy Subsidy Examples
FIVE YEAR PLAN FOR ENERGY EFFICIENCY
FIVE YEAR PLAN FOR ENERGY EFFICIENCY Executive Summary Prepared for: Holy Cross Energy Navigant Consulting, Inc. 1375 Walnut Street Suite 200 Boulder, CO 80302 303.728.2500 www.navigant.com July 15, 2011
2018 Non-Residential Rebates
How to Apply Important Information 2018 Non-Residential Rebates 1. Read the Terms and Conditions and product eligibility requirements (pages 3 and 4). Complete program guidelines are available online at
BEFORE THE ARKANSAS PUBLIC SERVICE COMMISSION
SWEPCO BEFORE THE ARKANSAS PUBLIC SERVICE COMMISSION IN THE MATTER OF CERTAIN REPORTS ) REQUIRED TO BE FILED BY SOUTHWESTERN ) ELECTRIC POWER COMPANY ) DOCKET NO: 08-039-RP ANNUAL REPORT OF CONSERVATION
View from The Northeast: Benchmarking the Costs and Savings from the Most Aggressive Energy Efficiency Programs
View from The Northeast: Benchmarking the Costs and Savings from the Most Aggressive Energy Efficiency Programs Toben Galvin Navigant Consulting Presented at the 2015 ACEEE National Conference on Energy
IID APPLICATION INSTRUCTIONS ENERGY REWARDS PROGRAM FOR NON-RESIDENTIAL CUSTOMERS
ENERGY REWARDS PROGRAM FOR NON-RESIDENTIAL CUSTOMERS APPLICATION INSTRUCTIONS How to Apply 1. Before applying for a rebate through IID s Energy Rewards Program, please be sure to read the Energy Rewards
DIME WORKSHOP OCTOBER 13-17, 2014 LISBON, PORTUGAL
DIME WORKSHOP OCTOBER 13-17, 2014 LISBON, PORTUGAL Non-experimental Methods Arndt Reichert October 14, 2014 DIME, World Bank What we know so far We want to isolate the causal effect ( impact ) of our interventions
PROJECT 73 TRACK D: EXPECTED USEFUL LIFE (EUL) ESTIMATION FOR AIR-CONDITIONING EQUIPMENT FROM CURRENT AGE DISTRIBUTION, RESULTS TO DATE
Final Memorandum to: Massachusetts PAs EEAC Consultants Copied to: Chad Telarico, DNV GL; Sue Haselhorst ERS From: Christopher Dyson Date: July 17, 2018 Prep. By: Miriam Goldberg, Mike Witt, Christopher
Southern California Gas Company 2015 EE Budget Filing. % of Gross Demand Reduction (MW) by Year
Table 1.1 2013 Gross Annual Savings Impacts by Year 2013 Claim 1,3 2014 Forecast 1,3 Forecast 2,3 2013 Goal CPUC Goal 2014 Goal CPUC Goal Goal CPUC Goal Energy Savings (Gross GWh) 8.2.8.3 Demand Reduction
Pension Wealth and Household Saving in Europe: Evidence from SHARELIFE
Pension Wealth and Household Saving in Europe: Evidence from SHARELIFE Rob Alessie, Viola Angelini and Peter van Santen University of Groningen and Netspar PHF Conference 2012 12 July 2012 Motivation The
Motivation Literature overview Constructing public capital stocks Stylized facts Empirical model and estimation strategy Estimation results Policy
Efficiency-Adjusted Public Capital and Growth IMF-WB Conference on Fiscal Policy, Equity, and Long-Term Growth in Developing Countries Sanjeev Gupta April 21, 2013 1 Outline of Presentation Motivation
Energy Conservation Resource Strategy
Energy Conservation Resource Strategy 2008-2012 April 15, 2008 In December 2004, EWEB adopted the most recent update to the Integrated Electric Resource Plan (IERP). Consistent with EWEB s three prior
} Number of floors, presence of a garden, number of bedrooms, number of bathrooms, square footage of the house, type of house, age, materials, etc.
} Goods (or sites) can be described by a set of attributes or characteristics. } The hedonic pricing method uses the same idea that goods are composed by a set of characteristics. } Consider the characteristics
State-dependent effects of monetary policy: The refinancing channel
https://voxeu.org State-dependent effects of monetary policy: The refinancing channel Martin Eichenbaum, Sérgio Rebelo, Arlene Wong 02 December 2018 Mortgage rate systems vary in practice across countries,
2018 New Construction Rebate Application
BUSINESS 2018 New Construction Rebate Application Save money on qualified construction projects Read about rebates for your home and business at mid.org/rebates REV01.2018 PURPOSE The MPower Business:
Niagara Mohawk Power Corporation d/b/a National Grid Residential Building Practices and Demonstration Program: Impact Evaluation Summary
Niagara Mohawk Power Corporation d/b/a National Grid Residential Building Practices and Demonstration Program: Impact Evaluation Summary PROGRAM SUMMARY Prepared by: DNV KEMA, January 15, 2014 The OPower-administered
Executive Director s Summary Report
Executive Director s Summary Report to the Board of Trustees of the Efficiency Maine Trust November 19, 2014 I. Communications a. Awareness and Press Staff has scheduled the Annual Event for Thursday January
DUQUESNE LIGHT COMPANY PROGRAM YEAR 7 ANNUAL REPORT
DUQUESNE LIGHT COMPANY PROGRAM YEAR 7 ANNUAL REPORT Program Year 7: June 1, 2015 May 31, 2016 Presented to: PENNSYLVANIA PUBLIC UTILITY COMMISSION Pennsylvania Act 129 of 2008 Energy Efficiency and Conservation
JOLIET LANDLORD CONFERENCE October 20 21, 2014
JOLIET LANDLORD CONFERENCE October 20 21, 2014 Who is Community Investment Corporation (CIC)? CIC has been the leading Neighborhood Revitalization Lender in the Chicago metro region for 40 years, providing
Evaluation, Measurement, and Verification (EM&V) of Residential Behavior-Based Energy Efficiency Programs: Issues and Recommendations
Evaluation, Measurement, and Verification (EM&V) of Residential Behavior-Based Energy Efficiency Programs: Issues and Recommendations November 13, 2012 Michael Li U.S. Department of Energy Annika Todd
Exhibit DAS-1. Tucson Electric Power Company Demand-Side Management Program Portfolio Plan
Exhibit DAS-1 Tucson Electric Power Company Demand-Side Management Program Portfolio Plan 2008-2012 TABLE OF CONTENTS 1. Introduction...3 2. DSM Portfolio Performance Costs, Savings and Net Benefits...3
New natural gas rates approved in 2018.
New natural gas rates approved in 2018. Who is CenterPoint Energy? CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission &
IMPACT AND PROCESS EVALUATION OF AMEREN ILLINOIS COMPANY BEHAVIORAL MODIFICATION PROGRAM (PY5) FINAL OPINION DYNAMICS. Prepared for: Prepared by:
IMPACT AND PROCESS EVALUATION OF AMEREN ILLINOIS COMPANY S BEHAVIORAL MODIFICATION PROGRAM (PY5) FINAL Prepared for: AMEREN ILLINOIS COMPANY Prepared by: OPINION DYNAMICS 1999 Harrison Street Suite 1420
Do Energy Efficiency Incentives Tend to Go to Higher-Income Households? An Examination with a Focus on the Role of Incentive Structure
Do Energy Efficiency Incentives Tend to Go to Higher-Income Households? An Examination with a Focus on the Role of Incentive Structure Grant D. Jacobsen * University of Oregon July 218 Abstract Many policies
State of Wisconsin Department of Administration Division of Energy
State of Wisconsin Department of Administration Division of Energy Focus on Energy Public Benefits Evaluation Low-income Weatherization Assistance Program Evaluation Economic Development Benefits Final
Final Version October 19, ENERGY EFFICIENCY PLAN TERM SHEET
CORE PRINCIPLES ENERGY EFFICIENCY PLAN TERM SHEET Energy efficiency is a cornerstone of the Commonwealth s long term energy policy. The Plan ( Plan ) reflects this key role and builds upon the high level
Financial Liberalization and Neighbor Coordination
Financial Liberalization and Neighbor Coordination Arvind Magesan and Jordi Mondria January 31, 2011 Abstract In this paper we study the economic and strategic incentives for a country to financially liberalize
Executive Summary. Challenges
Executive Summary Gainesville Regional Utilities proposed Fiscal Year 2017 capital and operating budget provides a framework to deliver on its mission to provide safe, reliable, competitively priced utility
State Dependency of Monetary Policy: The Refinancing Channel
State Dependency of Monetary Policy: The Refinancing Channel Martin Eichenbaum, Sergio Rebelo, and Arlene Wong May 2018 Motivation In the US, bulk of household borrowing is in fixed rate mortgages with
Overview of the California Utilities and Their DSM Programs
4-7he submitted manuscript has been authored by a contractor of the US. Government under contract No. DEAC05-840R21400. Accordingly, the US. Government retains a nonaxcl~~i~, royalty-free b w a to publish
DISCUSSION PAPER. Putting Information into Action: What Explains Follow-up on Home Energy Audits?
DISCUSSION PAPER Jul y 2015 RFF DP 15-34 Putting Information into Action: What Explains Follow-up on Home Energy Audits? K a r e n Palme r, M a r g a r e t W a l l s, a n d L u c y O Ke e f f e 1616 P
Fayetteville Public Works Commission Residential Programs Terms and Conditions
Fayetteville Public Works Commission Residential Programs Terms and Conditions 2019 Residential Efficiency Program Rules Qualifying purchase(s) must be new product(s). Resale product(s), new parts installed
Credit-Induced Boom and Bust
Credit-Induced Boom and Bust Marco Di Maggio (Columbia) and Amir Kermani (UC Berkeley) 10th CSEF-IGIER Symposium on Economics and Institutions June 25, 2014 Prof. Marco Di Maggio 1 Motivation The Great
Belt and Suspenders and More: The Incremental Impact of Energy Efficiency Subsidies in the Presence of Existing Policy Instruments
Belt and Suspenders and More: The Incremental Impact of Energy Efficiency Subsidies in the Presence of Existing Policy Instruments By Sébastien Houde (University of Maryland) and Joseph E. Aldy (Harvard
Quarterly Report to the Pennsylvania Public Utility Commission
Quarterly Report to the Pennsylvania Public Utility Commission For the Period November 05 through February 06 Program Year 7, Quarter For Pennsylvania Act 9 of 008 Energy Efficiency and Conservation Plan
Credit Allocation under Economic Stimulus: Evidence from China. Discussion
Credit Allocation under Economic Stimulus: Evidence from China Discussion Simon Gilchrist New York University and NBER MFM January 25th, 2018 Broad Facts for China (Pre 2008) Aggregate investment rate
2016 Statewide Retrocommissioning Policy & Procedures Manual
2016 Statewide Retrocommissioning Policy & Procedures Manual Version 1.0 Effective Date: July 19, 2016 Utility Administrators: Pacific Gas and Electric San Diego Gas & Electric Southern California Edison
CALIFORNIA ISO BASELINE ACCURACY ASSESSMENT. Principal authors. November 20, Josh Bode Adriana Ciccone
CALIFORNIA ISO BASELINE ACCURACY ASSESSMENT November 20, 2017 Principal authors Josh Bode Adriana Ciccone 1 Introduction...4 1.1 Key Research Questions... 5 1.2 Aggregated versus Customer Specific Baselines...
Residential Energy Improvement Program Project Completion Form
Residential Energy Improvement Program Instructions To receive rebates, participating contractors should complete the attached Project Completion Form and submit it with required documentation to: E-mail:
TAX EXPENDITURES Fall 2012
TAX EXPENDITURES 14.471 - Fall 2012 1 Base-Broadening Strategies for Tax Reform: Eliminate Existing Deductions Retain but Scale Back Existing Deductions o Income-Related Clawbacks o Cap on Rate for Deductions
New Jersey Clean Energy Collaborative. Regulatory Reporting
New Jersey Clean Energy Collaborative New Jersey Clean Energy Collaborative Table of Contents Overview...1 Contents and Timetables...1 Quarterly Reports...1 Annual Reports...2 Performance Reports...2 Evaluation
Economic Impacts of Oregon Energy Tax Credit Programs in 2006 (BETC/RETC) Final Report
Economic Impacts of Oregon Energy Tax Credit Programs in 2006 (BETC/RETC) Final Report ECONOMICS FINANCE PLANNING 888 SW Fifth Avenue, Suite 1460 Portland, Oregon 97204 503-222-6060 May 30, 2007 Acknowledgements
Market Timing Does Work: Evidence from the NYSE 1
Market Timing Does Work: Evidence from the NYSE 1 Devraj Basu Alexander Stremme Warwick Business School, University of Warwick November 2005 address for correspondence: Alexander Stremme Warwick Business
Do Liberal Home Owners Consume Less Electricity? A Test of the Voluntary Restraint Hypothesis
Do Liberal Home Owners Consume Less Electricity? A Test of the Voluntary Restraint Hypothesis Dora L. Costa Matthew E. Kahn Abstract Using a unique data set that merges an electric utility s residential
DEEMED SAVINGS TECHNICAL ASSUMPTIONS
Product: Residential natural gas and electric customers receive a cash rebate for implementing ENERGY STAR energy efficiency measures in new homes. Algorithms: Bundled measures savings (Customer kw) Bundled
NBER WORKING PAPER SERIES CLIMATE POLICY AND VOLUNTARY INITIATIVES: AN EVALUATION OF THE CONNECTICUT CLEAN ENERGY COMMUNITIES PROGRAM
NBER WORKING PAPER SERIES CLIMATE POLICY AND VOLUNTARY INITIATIVES: AN EVALUATION OF THE CONNECTICUT CLEAN ENERGY COMMUNITIES PROGRAM Matthew J. Kotchen Working Paper 16117 http://www.nber.org/papers/w16117
Questar Gas DSM Advisory Group Meeting February 25, 2010
Questar Gas DSM Advisory Group Meeting February 25, 2010 Agenda Introductions 2009 ThermWise Results LIWAP 2009 Results / Updates 2010 ThermWise Implementation 2010 ThermWise Advertising Looking Forward
DRAFT. California ISO Baseline Accuracy Work Group Proposal
DRAFT California ISO Baseline Accuracy Work Group Proposal April 4, 2017 1 Introduction...4 1.1 Traditional baselines methodologies for current demand response resources... 4 1.2 Control Groups... 5 1.3
EEAC EM&V Briefing. Ralph Prahl EEAC Consultant EM&V Team Leader July 9th, 2013
EEAC EM&V Briefing Ralph Prahl EEAC Consultant EM&V Team Leader July 9th, 2013 Organization of Presentation EM&V in Massachusetts: Past, Present and Future Past Background Review of MA EM&V Framework Current
APSC FILED Time: 3/31/ :15:35 AM: Recvd 3/31/ :13:45 AM: Docket tf-Doc. 231
SERVICES YOU COUNT ON March 31,2015 Arkansas Public Service Comm ission 1000 Center Street POBox 400 Little Rock, AR 72203-0400 Re: Docket No. 07-076-TF Empire District Electric Company An nual Report
Drought and Informal Insurance Groups: A Randomised Intervention of Index based Rainfall Insurance in Rural Ethiopia
Drought and Informal Insurance Groups: A Randomised Intervention of Index based Rainfall Insurance in Rural Ethiopia Guush Berhane, Daniel Clarke, Stefan Dercon, Ruth Vargas Hill and Alemayehu Seyoum Taffesse
Residential Standard Offer Program
Residential Standard Offer Program 2018 Program Year Version 3.0 Revised May, 2018 TABLE OF CONTENTS Contents 1. EXECUTIVE SUMMARY... 3 2. PROGRAM DESIGN... 5 2.1. PROGRAM DESCRIPTION... 5 2.2. PROJECT
TRADE LIBERALIZATION, INCOME RISK, AND MOBILITY
TRADE LIBERALIZATION, INCOME RISK, AND MOBILITY William F. Maloney Development Economics Research Group World Bank ICITE Santiago, June 011 TRADE AND WAGE LEVELS (FIRST MOMENTS) Traditional Trade Theory
Distortionary Fundraising for Energy Efficiency Subsidies: Implications for Efficient and Equitable Program Design
Distortionary Fundraising for Energy Efficiency Subsidies: Implications for Efficient and Equitable Program Design Chris Bruegge Job Market Paper This Version: February 1, 2018 Most Recent Version: http://stanford.edu/~cbruegge/jmp.pdf
RENOVATE AMERICA GREEN BOND PRE-ISSUANCE REVIEW
RENOVATE AMERICA GREEN BOND PRE-ISSUANCE REVIEW November 27, 2017 Introduction In 2017, Renovate America developed the HERO 2017 Green Bond Framework under which it intends to issue multiple series of
Import Competition and Household Debt
Import Competition and Household Debt Barrot (MIT) Plosser (NY Fed) Loualiche (MIT) Sauvagnat (Bocconi) USC Spring 2017 The views expressed in this paper are those of the authors and do not necessarily
2003 ENERGY EFFICIENCY PROGRAMS TECHNICAL APPENDIX
2003 ENERGY EFFICIENCY PROGRAMS TECHNICAL APPENDIX EXECUTIVE SUMMARY This Technical Appendix provides additional supporting documentation for SoCalGas' Annual Summary of Energy Efficiency Programs, dated
ENERGY EFFICIENT HOMES DELEGATED CLIENTS ONLY
ENERGY EFFICIENT HOMES DELEGATED CLIENTS ONLY These programs enable the borrower to cover the cost of making energy efficiency improvements to an existing property at the time of purchase or refinance
Tacoma Power Conservation Contractor Agreement
Tacoma Power THIS AGREEMENT is made and entered into this day of, 2012 ( Effective Date ) by and between the City of Tacoma, Department of Public Utilities, Light Division, Tacoma Power (hereinafter referred
FY2010. Energy Efficiency Portfolio. Evaluation Summary. Prepared by: The SRP Measurement & Evaluation Department and The Cadmus Group, Inc.
FY2010 Energy Efficiency Portfolio Evaluation Summary Prepared by: The SRP Measurement & Evaluation Department and The Cadmus Group, Inc. August, 2010 INTRODUCTION AND PURPOSE... 3 SRP s Sustainable Portfolio...
The Impacts of State Tax Structure: A Panel Analysis
The Impacts of State Tax Structure: A Panel Analysis Jacob Goss and Chang Liu0F* University of Wisconsin-Madison August 29, 2018 Abstract From a panel study of states across the U.S., we find that the
Executive Director s Summary Report
Executive Director s Summary Report to the Board of Trustees of the Efficiency Maine Trust September 26, 2013 I. Communications a. Awareness and Press Efficiency Maine s training team (Dale Carnegie and
Comparison of OLS and LAD regression techniques for estimating beta
Comparison of OLS and LAD regression techniques for estimating beta 26 June 2013 Contents 1. Preparation of this report... 1 2. Executive summary... 2 3. Issue and evaluation approach... 4 4. Data... 6
The Real Meaning of Total Cost of Ownership (TCO)
The Real Meaning of Total Cost of Ownership (TCO) Presented by David Patnaude Director of Plant and Sustainability Riverdale Country School Lawrence Eighmy Managing Principle 1 The Real Meaning of Total
Methodological Experiment on Measuring Asset Ownership from a Gender Perspective (MEXA) An EDGE-LSMS-UBOS Collaboration
Methodological Experiment on Measuring Asset Ownership from a Gender Perspective (MEXA) An EDGE-LSMS-UBOS Collaboration TALIP KILIC Senior Economist Living Standards Measurement Study Team Development
Adopted October 15, 2014
RESOLUTION OF THE ENERGY EFFICIENCY ADVISORY COUNCIL REGARDING PROPOSED MID-TERM MODIFICATIONS OF NATIONAL GRID ELECTRIC, UNITIL (GAS), AND THE CAPE LIGHT COMPACT Adopted October 15, 2014 Pursuant to 3.8.1
Factor Forecasting for Agricultural Production Processes
Factor Forecasting for Agricultural Production Processes Wenjun Zhu Assistant Professor Nanyang Business School, Nanyang Technological University wjzhu@ntu.edu.sg Joint work with Hong Li, Ken Seng Tan,
Home Energy Reports Program PY5 Evaluation Report. January 28, 2014
Home Energy Reports Program PY5 Evaluation Report Final Energy Efficiency / Demand Response Plan: Plan Year 5 (6/1/2012-5/31/2013) Presented to Commonwealth Edison Company January 28, 2014 Prepared by:
Reading the Tea Leaves: Model Uncertainty, Robust Foreca. Forecasts, and the Autocorrelation of Analysts Forecast Errors
Reading the Tea Leaves: Model Uncertainty, Robust Forecasts, and the Autocorrelation of Analysts Forecast Errors December 1, 2016 Table of Contents Introduction Autocorrelation Puzzle Hansen-Sargent Autocorrelation
Delivering Energy Savings to Residents of Manufactured Homes. Presented by Shannon Stendel Product Manager Homes
Delivering Energy Savings to Residents of Manufactured Homes Presented by Shannon Stendel Product Manager Homes Who We Are Founded in 1980 Mission-based nonprofit Innovative, nationally-recognized industry
Home Efficiency Rebates
Home Efficiency Rebates The Los Angeles Department of Water and Power is continuing its residential Consumer Rebate Program (CRP) to promote energy-efficient products. This program is designed to both
Abstract. Crop insurance premium subsidies affect patterns of crop acreage for two
Abstract Crop insurance premium subsidies affect patterns of crop acreage for two reasons. First, holding insurance coverage constant, premium subsidies directly increase expected profit, which encourages
APSC FILED Time: 4/1/2014 1:00:19 PM: Recvd 4/1/ :52:33 PM: Docket tf-Doc. 196
April 1,2014 Arkansas Public Service Commission 1000 Center Street POBox 400 Little Rock, AR 72203-0400 Re: Docket No. 07-076-TF Empire District Electric Company Annual Report on Conservation and Energy
Leverage, Re-leveraging, and Household Spending
Leverage, Re-leveraging, and Household Spending Thomas Crossley (Essex) Peter Levell (IFS) Hamish Low (Cambridge) NIESR March 2018 1 / 35 Introduction How does borrowing and spending of more leveraged
Evaluation Report: Home Energy Reports
Energy Efficiency / Demand Response Plan: Plan Year 4 (6/1/2011-5/31/2012) Evaluation Report: Home Energy Reports DRAFT Presented to Commonwealth Edison Company November 8, 2012 Prepared by: Randy Gunn