Behavioral Economics and Energy-efficiency Regulation
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Author/Creator ORCID
Date
2016-06
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Department
Program
Citation of Original Publication
Tim Brennan, Behavioral Economics and Energy-efficiency Regulation, network, https://www.accc.gov.au/system/files/Network%20%20June%202016.pdf https://www.accc.gov.au/system/files/Network%20%20June%202016.pdf
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Attribution 3.0 Australia
Attribution 3.0 Australia
Subjects
Abstract
In the US and around the world, ‘energy-efficiency’ is playing an ever greater role in debates regarding how to regulate energy use, particularly electricity use. The US Congress in recent years passed a law to ban the use of incandescent light bulbs, requiring people to turn to compact fluorescent lights (CFLs) and light-emitting diode (LED) bulbs. Their purchase
has been subsidised in many locations through ratepayer-funded utility-managed programs. The US Environmental Protection Agency (EPA) has long had an ‘Energy Star’ program to certify devices that meet its energy-efficiency standards and provides an
appliance labelling program with estimates of typical annual energy cost savings, so consumers can factor that information into their purchasing decisions.