The Electric Foundation, Institute for Electricity Innovation
[Power Magazine] Electric utility spending and budgets for customer-funded energy efficiency programs have seen a 30% boost compared to 2010 levels and could double by 2025, thanks to expanding state policies, an updated report from the Institute for Electric Innovation (IEI) suggests.
The report, “State Electric Efficiency Regulatory Frameworks,” outlines policy developments that support utility investments in electric efficiency programs, including how several states have updated their existing regulatory frameworks for energy efficiency since July 2013.
The report focuses on three regulatory mechanisms that relate to investments in energy efficiency. The first involves direct cost recovery, which refers to the recovery of costs related to the program administration, implementation, and actual costs through rate cases, system benefit charges, and tariff rider/surcharges…