National Grid’s 2014 Energy Efficiency Program Plan for Rhode Island was analyzed in this report in order to quantify its macroeconomic impacts. This study also provides updated economic impact multipliers that enable the quantification of the benefits of future energy efficiency program in the Rhode Island economy. Under the 2014 Plan, National Grid and its customers would invest $112.5 million toward energy efficiency electric and gas measures in Rhode Island. Analysts used the REMI model to estimate the economic impacts associated with the increased economic activity, incomes, and employment in the state that would be generated by the energy efficiency programs included in the Plan. The assessment involved two scenarios to be entered into the model, simulated, and compared against one another: a base case with no energy efficiency program spending and a case with the spending patterns outlined in the 2014 Energy Efficiency Program Plan in Rhode Island.
National Grid – Macroeconomic Impacts of Rhode Island Energy Efficiency Investments: REMI Analysis of National Grid’s Energy Efficiency Programs [full PDF]