Topic:"Forecasting Methodology" in M07544

er jurisdictions have applied different approaches for measure level testing, choosing to exclude administration costs as these can vary greatly depending on the maturity of the measure in the market. In conducting cost effectiveness scree...

AI summary Nova Scotia's cost-effectiveness screening uses EERAM for long-term planning, excluding administration costs. Avoided costs are updated via the Integrated Resource Plan (IRP) by Nova Scotia Power Inc. Current methodology contrasts with other jurisdictions by having conservation compete with the lowest supply cost. Capacity benefits for demand savings are set at $0/kW until 2019, with both energy and capacity benefits available after 2020 for TRC and PAC-compliant measures.

OTHER CONSIDERATIONS Through the most recent program evaluation process, ENS has identified that some educational initiatives are incurring savings attribution issues, and have received tentative disallowance. This specifically was the cas...

AI summary ENS faces savings attribution challenges in educational initiatives like the Home Energy Reports (HER) program, risking disallowance and complicating shifts from financial to educational incentives. ENS avoids dual baselines, using an average wattage approach for annual savings, but this may hinder accurate lifetime energy savings tracking.

f Marginal Cheapness/Inexpensiveness (PMI) establishes the lower boundary. As the technology and consumer motivations for purchase evolve, the cumulative distribution curves will change, accordingly. The Van Westendorp Price Sensitivity Me...

AI summary The text discusses the Van Westendorp Price Sensitivity Meter as a tool among others for assessing consumer price sensitivity. CLEAResult advises conducting price sensitivity research where appropriate, particularly for programs with significant incentive spending. The evolution of technology and consumer motivations affects cumulative distribution curves, necessitating adaptable methodologies.

Program budget On pages 44 and 45 of the report, CLEAResult discusses absolute incentive limits based on the program expenditure data. We agree that budget information can be and should be used to adjust the incentive levels in the manner...

AI summary The text discusses program budgeting, agreeing with CLEAResult's approach to adjusting incentives based on budget data but criticizing the use of forecasted expenditures. It advocates instead for setting budgets based on incremental costs and other factors, with flexibility to adjust incentives based on budget constraints or opportunities.

SUMMARY OF INFLUENCES ON INCENTIVE RATES The different components involved in incentive setting are listed below in Table 6. The table lists how a change in each component can influence measure level incentives. This highlights the multipl...

AI summary The document outlines components affecting incentive rates, noting that factors can exert upward or downward pressure on measures. Program administrators must consider multiple variables, with feedback emphasizing the complexity of setting incentives as both art and science.

f Marginal Cheapness/Inexpensiveness (PMI) establishes the lower boundary. As the technology and consumer motivations for purchase evolve, the cumulative distribution curves will change, accordingly. The Van Westendorp PriceWesterndorp Pri...

AI summary The text discusses Price Sensitivity Research, noting that PMI establishes a lower boundary. It highlights the Van Westendorp Price Sensitivity Meter as one method among many, with CLEAResult advising that such research should be conducted where appropriate, particularly for measures involving significant incentive spending.

PORTFOLIO MATURITY AND HISTORICAL PERFORMANCE DSM programs were administered by electric utilities before 2002. Efficiency Maine was then established in 2002 to promote electricity efficiency, reduce energy costs and improve the environmen...

AI summary Efficiency Maine, established in 2002, administered energy efficiency programs from 2004-2010, achieving 486,342 MWh annual savings and a 2.92 benefit-to-cost ratio. Initially part of the Maine Public Utilities Commission (MPUC), it became an independent Trust in 2009.