The Returns to Insulation Upgrades: Results from a Mixed Engineering Econometric Model
- Creators
- Dubin, Jeffrey A.
- Henson, Steven E.
Abstract
This paper estimates a new model of residential electricity demand. It differs from previous work in two ways. First, we utilize individual monthly billing data in a pooled time-series/cross-section framework. Second, we use an engineering/thermal load technique to model the household apace-heating technology. This allows more precise separation of the effects of economic variables from those of weather, and permits simulation of the effects of various conservation policies. We estimate the model using data from the Pacific Northwest, and use the results to analyze three conservation measures: a price increase, a reduction in thermostat settings, and an improvement of insulation levels. We find average rates of return for insulation upgrades of 4.9 percent for ceilings and 8.3 percent for walls.
Additional Information
Presented at the Fifth World Congress of the Econometric Society, August 20, 1985. Research support was provided by the Bonneville Power Administration and the Northwest Power Planning Council under grant number DE-AI79-83BP13S79.Attached Files
Submitted - sswp582.pdf
Files
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Additional details
- Eprint ID
- 81469
- Resolver ID
- CaltechAUTHORS:20170914-162617345
- Northwest Power Planning Council
- Bonneville Power Administration
- Department of Energy (DOE)
- DE-AI79-83BP13S79
- Created
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2017-09-15Created from EPrint's datestamp field
- Updated
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2019-10-03Created from EPrint's last_modified field
- Caltech groups
- Social Science Working Papers
- Series Name
- Social Science Working Paper
- Series Volume or Issue Number
- 582