Study Overview
This study utilized a REMI multi-state policy forecasting model to project macroeconomic impacts of expanded efficiency programs in comparison to a scenario in which no such programs exist. New England was separated into six states and each state’s efficiency programs were tested for electricity, natural gas, and “unregulated fuels”, using very conservative estimates of investment levels needed to capture all cost-effective efficiency. The modeled results of increased efficiency investments showed that efficiency provides significant economy-wide benefits in addition to direct participant savings.