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Infrastructure

Electricity, Economic Efficiency and Growth

Byline: 

Silvio Flaim and Loren Toole

A cost benefit analysis in electricity typically achieves assessment of future costs but usually considers only a single type of benefit: operational cost savings.
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figure 1 - Domestic Output and Net Value Added for Selected U.S. Industries, 2012 $ billions
Figure 2 - Estimates of Federal Spending and Federal Investment by Category, 2012 $ billions
Figure 3 - Federal Investment by Category, 2012 $ billions
Figure 4 - Federal, State, Local Government Spending on Primary Infrastructure, 2014 $ billions
Figure 5 - Economic Impacts of Scenario, 2012 $ billions
Author Bio: 

Silvio Flaim, PhD conducts impact assessments of natural resources and infrastructure in the areas of energy and environmental economics, taxation and finance. He is a former Chief Economist for the state of New Mexico and economic modeling consultant for Compass/Lexecon in Tucson, Arizona. Loren Toole, MSEE leads a variety of algorithm development and simulation projects related to electric infrastructure at Los Alamos National Laboratory. His modeling tools have been used in studies performed for the Departments of Energy and Homeland Security to conduct vulnerability assessments, to rank regional assets, and to simulate policy issues affecting the grid.

Building a fully integrated grid is the next great opportunity to realize higher levels of economic efficiency and prosperity.

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