Wednesday, November 11, 2009

Big savings from efficiency

The US division of National Grid is planning a three-fold expansion of its energy efficiency programmes over the next two years. This include a new combined heat and power (CHP) programme, incentives for customers implementing energy efficiency measures, community schemes and the use of new smart metering technologies.

The savings in electricity would add up to 1.2 million MWh – enough to power 150,000 homes for a year – and 33 million therms of gas – sufficient to heat 33,000 homes for a year.

The company, which serves over 3 million customers in Massachusetts, New Hampshire, New York and Rhode Island, has submitted the plans as part of a statewide effort on energy efficiency.

The funding is to come from an increase in customers’ bills, although ultimately the company says that the plans would help save around 2% in gas and electricity over the next two years, amounting to around $2 billion on energy costs over the lifetime of the implemented measures. Quite something?

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