Energy Efficiency Regional Economic Impacts

Energy Efficiency Programs Stimulate Regional Economies

Do you know how much your energy efficiency program stimulates the economy of your service territory?

Too often there is an enormous gap in the quantification of the value of utility-sponsored energy efficiency programs; the unanalyzed and under-appreciated impact on a region’s economy. Econsult Solutions can help you make your utility company’s case about the value of your demand-side programs. We combine our decades of economic development and utility planning experience with our proprietary input-output economic model. We are able to calculate the effect that changes in disposable spending would have on the region’s economic activity and job creation, which benefit all in the region, regardless of program participation.

Our team will work with you to capture a full range of critical inputs associated with your program that affect the region’s economy beyond primary costs and benefits. Core outputs include changes in economic product and employment. We are also able to analyze other secondary impacts associated with these utility programs. In addition to producing a program-specific case report, we are available to provide expert testimony or other litigation services supporting our analysis.

Our team is comprised of nationally recognized experts including Stephen P. Mullin, who is a leading expert in energy, policy and economic development. Mr. Mullin has been involved in the region’s energy-related discussions for many years. He is a frequent speaker on energy policy and infrastructure; David Boonin who has over three decades experience in public utility regulation, policy, and strategy; Nancy Mifflin who is a leading energy consultant with a focus in technology. Mrs. Mifflin was the past chapter chair of American Association of Blacks in Energy (AABE); Gregory Byrnes was the Director of Economic and Business Development for PECO; and Brian Uher, who is the Chief Technology Officer at Energy Conversion Research in Washington, DC. His work has focused on demand-side efficiency in the building industry. Director Alison Shott, Ph.D. was a research associate with the Institute on Municipal Finance and Governance; and Director Andrea Mannino was a former special assistant to the Revenue Commission of the City of Philadelphia.

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PECO Economic Impact Study

ESI examined the economic impact PECO has on the Greater Philadelphia Region and Commonwealth of Pennsylvania.