Energy Efficiency is U.S.’s Cheapest Energy Resource

A new report released by the American Committee of an Energy-Efficiency Economy (ACEEE) reveals that energy efficiency is the cheapest method of providing the U.S. with electricity.

Energy efficiency programs aimed at reducing energy waste cost utilities only about three cents per kilowatt hour, while generating the same amount of electricity from sources such as fossil fuels can cost two to three times more.

“The cheapest energy is the energy you don’t have to produce in the first place,” said ACEEE Executive Director Steven Nadel. “Our new report shows that when utilities are examining options on how to provide their customers with cheap, clean electricity, energy efficiency is generally the best choice.”

“Why build more expensive power plants when efficiency gives you more bang for your buck?” said Maggie Molina, Utilities, State and Local Program Director and author of the report, “The Best Value for America’s Energy Dollar: A National Review of the Cost of Utility Energy Efficiency Programs”. “Investing in energy efficiency helps utilities and ratepayers avoid the expense of building new power plants and the harmful pollution that plants emit.”

The report looks at the cost of running efficiency programs in U.S. 20 states from 2009 to 2012 and finds an average cost of 2.8 cents per kWh---about one-half to one-third the cost of alternative new electricity resource options, as illustrated by the above graph from the report.

Source: ACEEE

Thursday 17th April 2014


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