Economic Impacts of the Energy Efficiency Provisions in the Energy Savings & Industrial Competitiveness Act of 2013 and Select Amendments

On May 16, 2011, Senators Jeanne Shaheen (D-NH) and Rob Portman (R-OH) introduced the Energy Savings and Industrial Competitiveness Act of 2011 (S. 1000, often called the Shaheen-Portman bill). This bill contained a variety of provisions designed to promote energy efficiency technologies and foster job creation. In 2012, ACEEE analyzed the cost and energy savings as well as the jobs impacts of S. 1000, but the bill stalled in Congress. A modified version of the bill entitled the Energy Savings and Industrial Competitiveness Act of 2013 (S. 761) was introduced in April of 2013 and was reported out of the Senate Committee on Energy and Natural Resources in May of 2013 in a bipartisan vote of 19 to 3. A modified version for floor consideration was introduced in July (S. 1392). This paper summarizes an updated assessment of the impacts of S. 1392 as well as a number of amendments that are being considered with the bill.