Energy Efficiency Initiatives
Energy efficiency initiatives that reward consumers and businesses for reducing electricity and gas usage could result in utility bill savings of $168.6 billion, according to a report recently released by the American Council for an Energy-Efficient Economy (ACEEE). That number is 16 percent higher than ACEEE's previous savings estimate of $144 billion and is based on updated data. The organization released its new economic analysis as business leaders, industry groups, and environmental advocates launched the Campaign for an Energy-Efficient America, a coalition calling on Congress to enact a federal energy efficiency target.
ACEEE's report, Laying the Foundation for Implementing a Federal Energy Efficiency Resource Standard, analyzes 2008 economic and energy data and estimates benefits of a federal energy efficiency resource standard (EERS) requiring utilities to reduce electricity demand by 15 percent and natural gas demand by 10 percent by 2020. The report noted the significant benefits of energy savings achieved by the proposed federal EERS, including:
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