Energy Efficiency Resource Standards
As more states seek to reduce costs and meet climate goals, new ACEEE research finds that energy efficiency resource standards (EERS) are delivering huge gains — 80% of all electricity savings — in the utility sector.
Our report, released today, shows that these energy savings targets —adopted by 27 US states over the past two decades — are the most effective utility-sector energy efficiency policy. In fact, in 2017, states with such targets achieved electricity savings at a rate four times higher than states without targets.
Washington, DC—Today, Senator Tina Smith (D-Minnesota) introduced the American Energy Efficiency Act of 2019 with cosponsors Senator King (I-Maine) and Senator Merkley (D-Oregon). The bill sets a national energy efficiency resource standard (EERS), administered by the states, to lower utility bills for consumers and reduce emissions that contribute to climate change. EERS programs work by setting energy consumption reduction targets for electricity and natural gas, with targets slowly ratcheting up over time.
Virginia has recently made a major leap forward on energy efficiency and can serve as a successful model for utility efforts under consideration in Southeast states, including Louisiana, North Carolina, and Florida.
Puerto Rico’s Governor Ricardo Rosselló is expected to soon sign legislation that sets ambitious energy-saving targets, joining a number of states that are pushing energy efficiency alongside renewables in response to climate change and resilience challenges.
Pending bipartisan legislation in Pennsylvania could unlock 30,000 jobs and about $6.4 billion in net savings by removing barriers to energy efficiency investment, according to ACEEE analysis released today.
New ACEEE research shows that Florida could bolster energy efficiency policies to gain 135,000 jobs, making the state’s economy a bit sunnier.
An increasing number of states are finding new ways to track and value energy savings over time, according to research published today. Energy efficiency savings can accrue over many years, but most policies focus only on the first year. Our report, Energy Efficiency Over Time: Measuring and Valuing Lifetime Energy Savings in Policy and Planning, explores recent state efforts to take a longer view and the challenges they face when policies track only short-term savings.
Massachusetts’ new three-year energy efficiency plan includes aggressive energy-savings targets for utilities. The plan, approved Tuesday by the state’s Energy Efficiency Advisory Council and filed for approval with utility regulators, is estimated to cut greenhouse gas emissions and achieve $8.6 billion in customer benefits.
Turning on a light switch is a simple act that masks a very complex system. That light is powered by the electric grid, the world’s largest machine, operating in real time. We are growing more and more dependent on electricity, but we often take this incredible machine for granted—until the power goes out, as can happen with extreme weather events. Ensuring grid reliability and preventing interruptions requires balancing electricity supply and demand.