Financial Incentives for Energy Efficiency
There are many tried-and-true tools in the energy efficiency toolbox. Programs in the utility sector that offer customers a variety of rebates, incentives, and technical services totaled more than $7 billion in 2014. In the private market, energy service performance contracts totaled more than $4 billion. And state energy offices loaned more than $74 million in revolving loans.
One of the distinctions we often make between energy and energy efficiency is that energy acts more like a cost, and energy efficiency acts more like an investment. Like most investments, energy efficiency works by using an up front expense to generate a stream of economic benefits. Every year, our Energy Efficiency Finance Forum conference looks at ways to manage these up-front costs and how to use that stream of benefits to turn energy efficiency into a viable investment market.
The 2016 International Scorecard is almost here. Tune in next week to see the Olympics of energy efficiency
As world-class athletes descend on Rio for the 2016 Olympic Games, twenty-three countries are vying in a very different arena to become leaders in energy efficiency.
Electric energy efficiency programs have grown substantially in the last ten years. As they’ve grown, leaders have emerged. In our new report, Big Savers: Experiences and Recent History of Program Administrators Achieving High Levels of Energy Savings, we showcase 14 of these leaders. The report is not an exhaustive review of every leading utility or program administrator, nor is it a ranking system. Instead, we tell the story of these 14 through analysis of performance data and discussions with program managers.
Even when the economy is doing well, economic growth and job creation always seem to be at the center of focus for policymakers at every level of government. So it’s only natural that when energy efficiency policies and programs are being discussed one of the questions that often comes is how will proposed initiatives affect jobs.
Energy Efficiency in Senate Bills will Make US Economy Healthier – But One Bill Contains a Poison Pill
Today the Senate Energy and Natural Resources Committee voted out two bills—one shepherded by Energy and Natural Resources Committee chair, Senator Lisa Murkowski (R-AK) (the Energy Policy Modernization Act), and the other written by Senators Rob Portman (R-OH) and Jeanne Shaheen (D-NH) (the Energy Efficiency and Industrial Competitiveness Act, S. 720).
Some utilities are rushing to raise fixed charges. That would be bad for the economy and your utility bill
Slow growth in electricity demand (or, in some places, flat or declining sales) and growing numbers of customer photovoltaic systems are creating concern among utilities about their ability to adequately recover the costs associated with producing electricity. In response, there has been a disturbing trend around the country of utilities proposing to simply raise monthly “fixed charges,” or the charges we pay to the utility just for being a customer.
This summer was a scorcher. Heat waves repeatedly struck the Midwest and South, sparing only sections of the Northeast. All of California is still in a drought. Cities were especially hot due to their concentration of buildings and human activity, a phenomenon called the urban heat island effect. At times, it may have felt impossible to beat the heat.
At ACEEE we focus a lot on electricity, electric efficiency programs, and how energy efficiency is the least-cost electric resource. Well, it shouldn’t be a surprise, but there is a parallel and very similar success story for natural gas efficiency.