Comparison of energy efficiency incentive programs: Rebates and white certificates
AbstractWith increased interest in energy efficiency in recent years, energy efficiency portfolio standards (EEPS) have gained popularity in state policymaking. This analysis employed New Jersey specific data to compare two incentive based approaches to EEPS implementation: rebates and white certificates. Quantitative modeling suggests that white certificate approaches that depend on market-clearing prices generate much larger upfront incentive outlays than rebate programs. They do not however increase societal burden. Both programs overcome high upfront efficiency measure costs and both recoup the expenses over the long run. Administration costs and participation rates can affect this dynamic however and require additional research to determine which approaches are most cost effective for various energy efficiency measures.
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Bibliographic InfoArticle provided by Elsevier in its journal Utilities Policy.
Volume (Year): 18 (2010)
Issue (Month): 2 (June)
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Web page: http://www.elsevier.com/locate/inca/30478
Energy efficiency Rebates White tags;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Gillingham, Kenneth & Newell, Richard G. & Palmer, Karen, 2009.
"Energy Efficiency Economics and Policy,"
dp-09-13, Resources For the Future.
- Gilbert E. Metcalf, 2006.
"Energy Conservation in the United States: Understanding its Role in Climate Policy,"
Discussion Papers Series, Department of Economics, Tufts University
0609, Department of Economics, Tufts University.
- Gilbert E. Metcalf, 2006. "Energy Conservation in the United States: Understanding its Role in Climate Policy," NBER Working Papers 12272, National Bureau of Economic Research, Inc.
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