In this course we explore the economic foundation for the justification of EE and DR programs, identify methods to estimate their value, review regulatory approaches to treatment of expenditures and incentives, discuss the process by which programs are developed, consider the relationship of energy efficiency programs to utility load forecast projections, and examine methods for evaluating the effectiveness of EE and DR programs. We discuss current strategies, enabling technologies, and societal benefits of these programs, and demonstrate how utilities are using EE and DR programs to deliver cost-effective energy solutions for future generations. Click here to register.

What You will Learn

1.    How EE and DR programs provide financial value and reduce overall energy costs from the perspective of stakeholders.
2.    Discuss differences in approach between vertically integrated utility systems versus deregulated market structures.
3.    How state and national policies shape our energy future.
4.    Customer use of energy and how it's valued.
5.    Motivations of utilities and regulatory agencies regarding pursuit of EE and DR programs.
6.    How demand-side programs can improve customer satisfaction.
7.    Demand side management strategies that yield the most value.
8.    How to estimate market potential, design programs, and evaluate effectiveness.
9.    Key sources of value creation and how planners integrate supply sources with EE, DR, DG, storage and renewables.
10.    How current strategies are being developed to enhance or optimize AMR/ AMI technologies.
11.    How Customers use Energy and How EE and DR are Valued
12.    Emerging Technologies and Their ValueThe Standard Practice Manual Cost-Effectiveness Tests and Why they are used
13.    Key Components of Program Design

Who Should Attend this Seminar

The course is designed for those who desire a fundamental understanding of this vital topic including utility employees, commission staff, energy service professionals, and others.


Prerequisites
There are no prerequisites for this seminar.


Instructor

Richard Stevie, Ph.D.

Dr. Richard Stevie has been Chief Economist for Duke Energy with over thirty years of experience in the utility industry. He has also been named as a Research Fellow for the Economics Center at the University of Cincinnati.
During his tenure with Duke Energy, Dr. Stevie managed several key analytical functions including economic forecasts, projections of energy sales and peak load demands, customer research on energy usage, market research, product development analytics, evaluation of energy efficiency cost-effectiveness, and measurement and verification of energy efficiency measure impacts. He has been involved in many regulatory proceedings and has provided expert witness testimony on numerous utility economic issues.

Dr. Stevie’s research interests include economic business cycles, energy markets, development of econometric forecasting models, assessment of energy efficiency regulatory recovery mechanisms, cost-effectiveness analysis of energy efficiency programs, and the integration of projected energy efficiency load impacts into forecasts of sales and peak demands. He has recently completed a paper entitled: “The Economics of Utility Energy Efficiency: A Different Perspective.”

Dr. Stevie received his undergraduate degree in economics from Thomas More College and his M.A. and Ph.D. in economics from the University of Cincinnati.