Comparison of energy efficiency incentive programs: Rebates and white certificates

Morghan Transue, Frank A. Felder

Research output: Contribution to journalArticlepeer-review

14 Scopus citations

Abstract

With increased interest in energy efficiency in recent years, energy efficiency portfolio standards (EEPS) have gained popularity in state policymaking. This analysis employed New Jersey specific data to compare two incentive based approaches to EEPS implementation: rebates and white certificates. Quantitative modeling suggests that white certificate approaches that depend on market-clearing prices generate much larger upfront incentive outlays than rebate programs. They do not however increase societal burden. Both programs overcome high upfront efficiency measure costs and both recoup the expenses over the long run. Administration costs and participation rates can affect this dynamic however and require additional research to determine which approaches are most cost effective for various energy efficiency measures.

Original languageEnglish (US)
Pages (from-to)103-111
Number of pages9
JournalUtilities Policy
Volume18
Issue number2
DOIs
StatePublished - Jun 2010

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Development
  • Sociology and Political Science
  • Management, Monitoring, Policy and Law

Keywords

  • Energy efficiency
  • Rebates
  • White tags

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