Newell, Richard; Palmer, Karen; Arimura, Toshi H.; Li, … - National Bureau of Economic Research (NBER) - 2011
) 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 …