Energy efficiency: The bird’s-eye view

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If energy efficiency policy works, it should be possible to detect its effect on aggregate demand. This article integrates ideas from conventional methods for forecasting electricity demand to build a model to investigate the relationship between per-person electricity use and energy efficiency policies. The model is then estimated with historical data on 50 states and the District of Columbia to evaluate the effect of publicly funded energy efficiency.

Originally published in the Electricity Journal. Download your copy below.