GW Work

This paper examines the Department of Energy's (DOE) reliance on low discount rates to estimate the benefits of its energy efficiency standards and uses existing literature on implicit consumer discount rates to calculate a range of benefits for DOE's furnace fan rule. While DOE calculates large net benefits from its energy efficiency rule, using discount rates that better represent average consumer time preferences shows that this standard results in net costs. Furthermore, given the variation in consumer discount rates by income, this standard is effectively a transfer payment from low- and median-income households to high-income households.

Author

• Miller, Sofie

Identifier

• Volume 22

DOI

•  https://doi.org/10.4079/pp.v22i0.15110

Keyword

• Energy Policy
• Policy Perspectives
• Environmental Policy

Date created

• 2015

Type of Work

• Article

Rights statement

• In Copyright

GW Unit

• Trachtenberg School of Public Policy & Public Administration

Persistent URL

•  https://scholarspace.library.gwu.edu/work/2f75r861j

License

• All rights reserved

Relationships

In Collection:

• Policy Perspectives

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