Program Evaluation and Incentives for Administrators of Energy - PowerPoint PPT Presentation

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Program Evaluation and Incentives for Administrators of Energy Efficiency Programs: Can evaluation solve the principal-agent problem Carl Blumstein UC Energy Institute California Institute for Energy and Environment ECEEE Summer Study La

Program Evaluation and Incentives for Administrators of Energy Efficiency Programs: Can evaluation solve the principal-agent problem Carl Blumstein UC Energy Institute California Institute for Energy and Environment ECEEE Summer Study La Colle sur Loupe, France June 3, 2009
“the counterfactual”
What ʼ s not working  Bias in favor of measures that produce quantifiable results  Difficulties in measuring “free riders”  Difficulties in measuring “spill over”  Difficulties in computing cost-benefit ratios (the non-energy benefits problem)  Delays in obtaining results
What might be done  Just do it. Pick some indicator such as the difference between actual and forecast and forge ahead  Do it better. (For example, use randomized controlled trials)  Outsource market transformation  Use some non-quantitative measures  “Professionalize” the practice  Reduce performance incentives

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