Reducing waste in energy consumption: Do flawed models equal sub-par results? “One of the most important omissions from our models is time, as a scarcity factor entering into the economic decisions of both energy suppliers and consumers. In advanced wealthy economies, time is often the most binding constraint on decision-making, not income or wealth, around which most of our economic models are designed. Time scarcity can create binding constraints on both households and businesses in many energy-related decisions, even when energy efficient products and services may be available in the marketplace, often at competitive prices.
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New Efficiency Standards Would Tackle the Energy Hog Lurking in your Basement
“The new standards would reduce the energy consumption of furnace fans, which are the fans that circulate heated and cooled air supplied by furnaces, air conditioners, and heat pumps through ductwork in homes. Improved furnace fan efficiency would not only save consumers money on their electricity bills, but would also help improve comfort. By Joanna Mauer