This report presents the Total Value Test (TVT) as a metric for the cost-effectiveness of energy efficiency measures and programs, inclusive of electrification. The TVT represents an amalgam of the best attributes of the standard practice tests for energy efficiency that have been implemented by utilities and state regulatory bodies for decades, adapted and refined to include a more comprehensive set of benefits and costs characteristic of electrification considerations, including environmental impacts. The TVT can be applied to objectively compare the cost-effectiveness of electric, natural gas, or other options, and is not disposed to favor any particular technology based on how it is powered or fueled. The report provides a review and critique of the energy efficiency standard practice tests, presents the rationale and methodology of the TVT, and illustrates the use of the TVT in three case studies.
Authors Lisa Turberville et al.