Both Lawrence Berkeley National Laboratory (LBL), and the American Council for an Energy-Efficient Economy (ACEEE) recently published findings on their energy efficiency studies.
“The LBL study put the average cost of saved energy at about 2 cents per kilowatt-hour. The ACEEE study estimated it at about 2.8 cents. The average cost of generating power from new sources, whether coal-fired plants or wind turbines, is typically at least two to three times that amount.”
Additionally, “Between 2006 and 2011, administrators of efficiency programs tripled what they spent on cutting electricity use from $1.6 billion to $4.8 billion annually, according to the ACEEE study. Spending on natural gas efficiency increased from $300 million to $1.1 billion over the same period.”
Will the cost of energy efficiency increase on the east coast and decline while in the midwest it is starting to grow and expand?