| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23097 |
| 来源ID | Working Paper 23097 |
| Do Energy Efficiency Investments Deliver at the Right Time? | |
| Judson P. Boomhower; Lucas W. Davis | |
| 发表日期 | 2017-01-30 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Electricity cannot be cost-effectively stored even for short periods of time. Consequently, wholesale electricity prices vary widely across hours of the day with peak prices frequently exceeding off-peak prices by a factor of ten or more. Most analyses of energy-efficiency policies ignore this variation, focusing on total energy savings without regard to when those savings occur. In this paper we demonstrate the importance of this distinction using novel evidence from a rebate program for air conditioners in Southern California. We estimate electricity savings using hourly smart-meter data and show that savings tend to occur during hours when the value of electricity is high. This significantly increases the overall value of the program, especially once we account for the large capacity payments received by generators to guarantee their availability in high-demand hours. We then compare this estimated savings profile with engineering-based estimates for this program as well as a variety of alternative energy-efficiency investments. The results illustrate a surprisingly large amount of variation in economic value across investments. |
| 主题 | Microeconomics ; Market Structure and Distribution ; Environmental and Resource Economics ; Energy |
| URL | https://www.nber.org/papers/w23097 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580771 |
| 推荐引用方式 GB/T 7714 | Judson P. Boomhower,Lucas W. Davis. Do Energy Efficiency Investments Deliver at the Right Time?. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23097.pdf（725KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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