Exploiting Market-Based Mechanisms to Meet Utilities' Energy Efficiency Obligations

Electric utilities are key actors in the quest to induce large-scale energy savings among end users. But often it is not enough simply to mandate utilities to achieve a specific target. Three new market-based mechanisms are available for utilities to use in promoting energy efficiency. Historically, mechanisms of demand-side management may be classified as regulatory, policy-based, market-based, and load-targeting. This knowledge note is important, because electric utilities are well-positioned to help raise energy efficiency. The three new market-based mechanisms to help achieve this goal include Establish a white certificates scheme establishing a white certificates scheme, establishing energy efficiency auctions, and establishing energy efficiency feed-in tariffs. These new market-based models are available for utilities to use in promoting energy efficiency, in concert with other means of procurement. Whatever the design, program effectiveness will depend on technically competent and trusted verification of energy savings and their costs, long-term commitment to maintaining the efficiency program, and flexibility in adjusting it over time to ensure that programs keep performing.

Bibliographic Details

Main Authors:	Sinton, Jonathan, de Wit, Joeri
Format:	Brief biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2014-06-13
Subjects:	ACCESS TO ELECTRICITY, ALTERNATIVE METHODS, APPROACH, AUCTION, BARRIERS TO ENERGY EFFICIENCY, BLACK CARBON, BOTTOM LINE, BURNING COAL, CARBON DIOXIDE, CARBON ENERGY, CLIMATE, CLIMATE CHANGE, CO, CO2, COAL, COMBUSTION, DEMAND-SIDE MANAGEMENT, DISTRIBUTION OF ENERGY, DISTRIBUTION SYSTEM, DISTRIBUTIONAL IMPACTS, ECONOMIC MODEL, EFFICIENCY IMPROVEMENT, ELECTRIC UTILITIES, ELECTRICITY, ELECTRICITY DEMAND, ELECTRICITY MARKETS, ELECTRICITY PRICING, EMISSIONS, ENERGY CONSULTANT, ENERGY CONSUMERS, ENERGY CONSUMPTION, ENERGY DATA, ENERGY DEVELOPMENT, ENERGY ECONOMICS, ENERGY EFFICIENCY ECONOMICS, ENERGY EFFICIENCY MEASURES, ENERGY GENERATION, ENERGY INDUSTRIES, ENERGY MARKET, ENERGY MIX, ENERGY POLICY, ENERGY SAVINGS, ENERGY SERVICE, ENERGY SERVICE COMPANY, ENERGY SYSTEM, ENERGY SYSTEMS, ENERGY TAXES, ENERGY USE, ENERGY-EFFICIENCY GAP, FOSSIL, FOSSIL FUELS, GENERATION, GENERATION CAPACITY, GREENHOUSE, GREENHOUSE GAS, GREENHOUSE GAS EMISSIONS, GREENHOUSE GAS INVENTORY, GREENHOUSE GASES, HEAT, HEAT GENERATION, HOUSEHOLD SECTOR, IMPROVEMENTS IN ENERGY EFFICIENCY, INCOME, INTERNATIONAL ENERGY AGENCY, LOW-CARBON, MARKET BARRIERS, MARKET CLEARING PRICE, MARKET FAILURE, MEMBER STATES, METHANE, OIL, PETROLEUM, PIPELINE, PORTFOLIO, POWER, PROMOTING ENERGY EFFICIENCY, RENEWABLE ENERGY, RENEWABLE PORTFOLIO STANDARD, RENEWABLE SOURCES, SOURCE OF ENERGY, TRANSACTION COSTS, TRANSMISSION SYSTEM, WASTE, WIND, WIND POWER, WIND POWER CAPACITY, WIND SITES, WORLD ENERGY,
Online Access:	http://documents.worldbank.org/curated/en/2014/06/19670618/exploiting-market-based-mechanisms-meet-utilities-energy-efficiency-obligations https://hdl.handle.net/10986/18678
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