Full Title: Developing a Comprehensive Benefit-Cost Analysis Framework: the Rhode Island Experience
Author(s): Smart Electric Power Alliance (SEPA)
Publisher(s): Smart Electric Power Alliance (SEPA)
Publication Date: June 9, 2020
Full Text: Download Resource
Description (excerpt):
Rhode Island, like many other states, is facing the new realities of quickly changing customer demands, advancing technologies and new public policy priorities that are challenging existing regulatory processes. The Rhode Island PUC took steps to meet this challenge by developing a new regulatory tool. Building on the cost-effectiveness approach used for energy efficiency, Rhode Island developed a comprehensive framework to enable comparison of the benefits and costs across different types of utility expenditures and investments on behalf of customers. Download this report to find out how the framework can be adopted and implemented in your state.
In this report:
Why the Rhode Island PUC developed the Benefit-Cost Framework
What the framework considers
What has worked and what needs further development
Recommendations to improve the application of the framework