A new study by Lawrence Berkeley National Laboratory finds that energy efficiency programs for customers of publicly owned utilities saved electricity at an average cost of 2.4 cents per kilowatt-hour (kWh) from 2012 to 2017.
With rising peak demand for electricity in many regions of the country, utilities and states are increasingly interested in understanding how efficiency programs contribute toward electricity system reliability and resilience at the most affordable cost. According to a new study by Berkeley Lab, these programs appear to be a relatively low-cost way for utilities to meet peak demand, compared to the capital cost of other resources.
Projections for 2030: Higher Spending, Modest Rise in Energy Savings for Efficiency Programs Funded by Electricity Customers
Electric utility customers spent about $5.8 billion on energy efficiency programs in 2016 to cost-effectively offset a portion of growth in U.S. power needs. That, in turn, affects the need for investment in new electricity infrastructure, across generation, transmission and distribution systems. A new study by Berkeley Lab provides a bottom-up assessment of the potential impact of existing and likely state policies and market conditions to promote or constrain future spending and savings for electricity efficiency programs funded by utility customers in all U.S. states.
The Cost of Saving Electricity Through Energy Efficiency Programs Funded by Utility Customers: 2009–2015
Cost of Saving Electricity Remains Low
The average cost to utilities to save a kilowatt-hour (kWh) in the United States is 2.5 cents, according to the most comprehensive assessment to date of the cost performance of energy efficiency programs funded by electricity customers.
The EMP Group is pleased to announce a new brief, Trends in the Program Administrator Cost of Saving Electricity for Utility Customer-Funded Energy Efficiency Programs, based on analysis of energy efficiency data from 78 program administrators in 36 states. The brief is the fifth in a series of Berkeley Lab reports that are part of the Cost of Saved Energy Project. This brief summarizes analyses of cost and electricity savings data for more than 1,600 individual efficiency programs offered over multiple years to customers of utilities that serve about half of U.S. electricity load.
Webinar: Trends in the Program Administrator Cost of Saving Electricity for Utility Customer-Funded Energy Efficiency Programs
Berkeley Lab will host a webinar on Tuesday, January 17, 2017 at 2:00 pm Eastern to highlight key findings from its new policy brief, Trends in the Program Administrator Cost of Saving Electricity for Utility Customer-Funded Energy Efficiency Programs.
WEBINAR: The Program Administrator Cost of Saved Energy for Utility Customer-Funded Energy Efficiency Programs
On April 2, 2014, researchers at Lawrence Berkeley National Laboratory held a Webinar on the recently released LBNL report The Program Administrator Cost of Saved Energy for Utility Customer-Funded Energy Efficiency Programs.
WEBINAR: Developing a Common Language: Introducing a Glossary and Program Typology for Regional and National Energy Efficiency Program Analysis
This webinar was hosted by Lawrence Berkeley National Laboratory and the Consortium for Energy Efficiency on April 9th, 2014.
Compared to building a new generator, it's much cheaper for a utility company to coax customers to swap old light bulbs for ones that use less electricity. And it might cost less to convince people to insulate their homes than it does to build new gas pipelines.