The goal of the Gov. Andrew Cuomo’s Reforming Energy Vision is to have the Public Service Commission (PSC) “improve system efficiency, empower customer choice, and encourage greater penetration of clean generation and energy efficiency technologies and practices”.
REV is a response to current issues such as:
- Consumers spend hundreds of millions annually to maintain the full capabilities of a system that is needed only on the very hottest days of the summer.
- The need for utilities to actively manage and coordinate a wide range of distributed resources, or generate electricity from many small energy sources
- Lack of existing market enabling customers to optimize their energy priorities, provide system benefits, and be compensated for providing such system benefit
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?
” Officials are joining hands with engineers and corporate R&D teams to improve access to essential resources like water, energy and sunlight, and increase social and environmental wellbeing by reimagining the potential of the resources they already have. …As existing resources come under pressure, there will be rewards for innovators who can stretch their applications in new directions.” —Scott Burnham