Full Title: Energy Efficiency Trends in the Electric Power Industry (2008-2018)
Author(s): Adam Cooper, Mike Shuster, Lorraine Watkins
Publisher(s): The Edison Foundation Institute for Electric Innovation
Publication Date: March 15, 2020
Full Text: Download Resource
Description (excerpt):
Energy efficiency (EE) programs are a win-win, helping customers to save energy and electric companies to reduce their carbon emissions. For several decades, electric companies have supported their customers’ interest in energy efficiency by providing incentives and information that lower the cost of purchasing energy-efficient appliances and devices and encourage energy management through energy efficiency and demand response programs.
Historically a product of public policy with varying levels of participation, EE programs now are viewed by the electric power sector as an essential element in an ever-expanding set of service offerings — high efficiency lighting, smart thermostats, dynamic rates, energy management, renewable energy, storage, and more — to meet the expectations of electric customers who live in an on-demand, service-centric world. For customers, this is the beginning of a new era of options and control over their energy supply and use. Increasingly, customers are gaining access to technology that gives them the ability to tailor energy use to their personal needs and wants.
The goal of EE programs is to produce energy and capacity savings that benefit customers, electric companies, and society as a whole. For several decades, electric companies have supported their customers’ interest in energy efficiency by providing incentives and information that lower the cost of purchasing energy-efficient appliances and devices and encourage energy management through energy efficiency and demand response programs.