Realized and Prospective Impacts of U.S. Energy Efficiency Standards for Residential Appliances
This study estimated energy, environmental and consumer economic impacts of U.S. Federal residential energy efficiency standards that became effective in the 1988-2001 period or will take effect by the end of 2007. These standards have been the subject of in-depth analyses conducted as part of DOE's standards rulemaking process. This study drew on those analyses, but updated certain data and developed a common framework and assumptions for all of the products. We estimate that the considered standards will reduce residential primary energy consumption and CO2 emissions in 2020 by 8-9% compared to the levels expected without any standards. They will save a cumulative total of 25-30 quads by the year 2015, and 60 quads by 2030. The estimated cumulative net present value of consumer benefit amounts to nearly $80 billion by 2015, and grows to $130 billion by 2030. The overall benefit/cost ratio of cumulative consumer impacts in the 1987-2050 period is 2.75:1. The cumulative cost of DOE's program to establish and implement the standards is in the range of $200-250 million.