A couple of weeks ago I was directed to an article in AESP’s magazine discussing ways to improve efficiency program cost-effectiveness. Although it wasn’t about avoided-cost and benefit-cost tests, it provides good stuff for elaborating in this blog. “Cost effective” in the context of the article means lowering the cost per unit of energy or demand saved. Certainly, this helps to improve benefit-cost ratios, for most of the convoluted tests, that must have been concocted by graduate students under the influence of mind-altering chemicals. Boy, do I wish we could dial back forty years so we could simply compare the…
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