Since 2002, electric efficiency programs have reduced electricity demand in New England by almost 2.2 GW, but no energy efficiency plan has been able to cut prices down by more than 15%. That is until winter 2014 in New England.
New England officials began a plan to cut energy prices for winter after spending $137.60/MWh the year before. The group decided to prioritize energy efficiency investments, which was the main catalyst behind the enormous price cut.
New England succeeded in reducing the price of energy by 24%, which is the highest mark since spring of 2002. The surprising thing is that the winter of this year was far worse (temperature wise) than the year before when they spent the estimated $137.60/MWh. It seems New England has found the secret formula to reducing energy spending even in increasingly worse conditions.
New England officials began a plan to cut energy prices for winter after spending $137.60/MWh the year before. The group decided to prioritize energy efficiency investments, which was the main catalyst behind the enormous price cut.
New England succeeded in reducing the price of energy by 24%, which is the highest mark since spring of 2002. The surprising thing is that the winter of this year was far worse (temperature wise) than the year before when they spent the estimated $137.60/MWh. It seems New England has found the secret formula to reducing energy spending even in increasingly worse conditions.
States and other government bodies can follow New England's example on how to cut energy prices as the climate continues to become colder and colder each winter.
New England continues to lead the charge in Energy efficiency.
New England continues to lead the charge in Energy efficiency.
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Tradition Energy is one of the world’s largest, independent full-service energy management consultants.
Visit traditionenergy.com to learn more about the breakthroughs in energy efficiency.
Tradition Energy is one of the world’s largest, independent full-service energy management consultants.
Visit traditionenergy.com to learn more about the breakthroughs in energy efficiency.