How Do Electricity Pricing Programs Impact the Selection of Energy Efficiency Measures? - A Case Study with U.S. Medium Office Buildings

Ye, Yunyang; Lou, Yingli; Zuo, Wangda; Franconi, Ellen; Wang, Gang

doi:10.1016/j.enbuild.2020.110267

How Do Electricity Pricing Programs Impact the Selection of Energy Efficiency Measures? - A Case Study with U.S. Medium Office Buildings

Journal Article · Thu Jul 02 04:00:00 EDT 2020 · Energy and Buildings

DOI:https://doi.org/10.1016/j.enbuild.2020.110267· OSTI ID:1770906

Ye, Yunyang; Lou, Yingli; ; Franconi, Ellen; Wang, Gang

Building owners usually select energy efficiency measures (EEMs) by referring to return on investment (ROI). Current studies tend to apply static energy price to estimate ROI. However, more and more buildings are adopting dynamic electricity pricing programs. To understand how electricity pricing programs impact the selection of EEMs, this paper presents an analysis of the ROIs of EEMs under different pricing programs using U.S. medium office buildings as an example. Eight EEMs in four typical cities are selected as case studies. Considering five electricity pricing programs scenarios (one static program and four dynamic programs), EEMs are selected based on their ROIs. The main findings are: (1) The ROIs of EEMs change under different pricing programs. (2) In Honolulu, Buffalo, and Denver, replacing interior fixtures with higher-efficiency fixtures has a significantly higher ROI than the rest EEMs under all five pricing programs. However, the ROI of this EEM in Honolulu ranges from 28% to 47% for different pricing programs. (3) Similarly, in Fairbanks, replace heating coil with higher-efficiency coil produce higher ROI than the rest under all five pricing programs. (4) For other EEMs, their ROI rankings vary according to electricity pricing programs.

Research Organization:: National Renewable Energy Laboratory (NREL), Golden, CO (United States)

Sponsoring Organization:: USDOE Office of Energy Efficiency and Renewable Energy (EERE)

DOE Contract Number:: AC36-08GO28308

OSTI ID:: 1770906

Report Number(s):: NREL/JA-5500-79412; MainId:33638; UUID:3ddb2a0f-6493-4870-a6e9-e7cdf00086c5; MainAdminID:19940

Journal Information:: Energy and Buildings, Journal Name: Energy and Buildings Vol. 224

Country of Publication:: United States

Language:: English

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