The Economics of Conservation Programs

1. Introduction. 2. Economic Analysis of Energy Conservation. 3. The Normative Case for Demand-Side Conservation. 4. Least Cost Planning. 5. Incentives to the Utility. 6. Incentives for Consumers. 7. Asymmetric Information and Strategic Consumer Reactions. 8. Optimal Conservation Incentives Under Asymmetric Information. 9. Rate-Of-Return Regulation and Incentives. 10. Efficiency of DSM and Positive Explanations. 11. Summary and Concluding Remarks. 12. References.