The prudence of utility demand-side management (DSM) investments hinges on their performance, yet evaluating performance is complicated because the energy saved by DSM programs can never be observed directly but only inferred. This study frames and begins to answer the following questions: (1)...

This report reviews recent DSM shareholder incentive designs and performance at 10 US utilities identifies opportunities for regulators to improve the design of DSM shareholder incentive mechanisms to increase the procurement of cost-effective DSM resources. We develop six recommendations: (1)...

Decoupling revenues from sales is an important regulatory option under consideration by regulators seeking to transform utilities from sellers of a least-cost energy commodity to providers of least-cost energy services. This report examines decoupling from three perspectives. First, the authors...

For the past three years (1989, 1990, and 1991), all US electric utilities that sell more than 120 GWh/year have been required to report to the Energy Information Administration data on their demand-side management (DSM) programs. These data provide a rich and uniquely comprehensive picture of...

Electric utilities face a variety of uncertainties that complicate their long-term resource planning and acquisition. These uncertainties include future economic and load growths, fuel prices, environmental regulations, economic regulations, performance and construction cost of existing power...

Electric utilities face a variety of uncertainties that complicate their long-term resource planning and acquisition. These uncertainties include future economic and load growths, fuel prices, environmental regulations, economic regulations, performance and construction cost of existing power...