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EIA funding request will fill critical gaps in energy innovation planning says UTD professor
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Although it is pretty clear that the federal government will continue to live well beyond its means for years to come, parts of the $3.83 trillion in the proposed 2011 budget make sense. The budget request for the Department of Energy includes, for example, $128.8 million for the U.S Energy Information Administration (EIA), a statistical and analytical agency that collects and analyzes energy information.
“After a couple of years working on the launch of our new Institute for Intelligent Energy Systems (IIES), I unexpectedly find that the specific EIA funding requests make a great deal of sense and help us fill some critical gaps in our energy innovation planning”, says Donald A. Hicks, Professor in Political Economy and Public Policy and the University of Texas at Dallas.
Dr. Hicks, who in his research has been focused on technology innovation and process of emerging technologies and industries, says that if the work the budget request funds is successful the value created will far exceed the costs.
Highlights of the increase to EIA include:
$8.0 million to double the sample size for the 2011 Commercial Buildings Energy Consumption Survey (CBECS).
$1.3 million to expand analysis of energy market behavior and data to address the interrelationship of energy and financial markets.
$1.5 million for efforts to track and analyze the adoption of “Smart Grid” technologies and dynamic electricity pricing plans that are made possible by the deployment of smart electricity meter.
$3.1 million for improvements in coverage, quality and integration of oil, gas, electricity and other energy data.
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