August 1, 2013

THE BAKER SAYS, THANKS!:

Energy Efficiency: Now Free to Consumers : The government is really bad at guessing how much extra we'll pay to make appliances energy efficient. That's awesome! (Michael Todd, 7/31/13, Pacific Standard)

Oddly enough, efficiency standards for white goods--quite unlike vehicle mileage standards--had traditionally been accepted as pretty benign. Perhaps that's because they always come in cheaper than expected ...

The source of the original estimates on the high side was the U.S. Department of Energy, which is tasked by law with figuring out how much extra the new rules will cost during the rule-making process. Between 2000 and 2010, the period covered by this report, in every case the manufacturers' selling prices came in under the estimate, "generally substantially so." (The manufacturers' selling price is not the same as the retail price.) Moreover, this is the same pattern observed in prior years in studies by the Lawrence Berkley National Lab and the efficiency council.

Looking at products ranging from refrigerators and electric water heaters to commercial air conditioners and lighting ballasts, on average a manufacturer's price dropped $12 on the new item instead of rising the DOE-predicted $148. 

Posted by at August 1, 2013 5:42 AM
  

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