ABSTRACT

The National Energy Act (NEA) of 1978 was passed by U.S. Congress in response to the energy crisis of the 1970s. It was designed to resolve a disjointed national energy policy and empower the United States with greater control of its national energy destiny. The NEA and its progeny established energy efficiency programs, tax incentives, tax disincentives, energy conservation programs, alternative fuel programs, and regulatory and market-based initiatives. Results of the NEA have been mixed. Most of the market-based initiatives have been retained, but many of the regulatory initiatives have since been abandoned.