Arimura, Toshi H.; Li, Shanjun; Newell, Richard G.; … - 2014
) and energy efficiency (EE) investments. We specify a model that relates electricity demand to previous EE DSM spending … expenditures reduce electricity demand and that this effect persists for a number of years. Our findings suggest that ratepayer …-funded DSM expenditures between 1992 and 2006 produced a central estimate of 0.9 percent savings in electricity consumption over …