Report: Utility Efficiency Could Save Southwest Consumers $20 Billion
October 24, 2012
Expanded energy efficiency programs from utilities in six Southwestern states could save consumers $20 billion by 2020, according to a new study. The Colorado-based public interest group Southwest Energy Efficiency Project (SWEEP) on October 9 released The $20 Billion Bonanza: Best Practice Utility Energy Efficiency Programs and Their Benefits for the Southwest. The report finds that it is feasible to achieve a 21% reduction in electricity by the year 2020 through energy efficiency programs implemented from 2010 to 2020. The study also states that every dollar invested in energy efficiency programs returns more than two dollars in savings on business and household utility bills.
The report identifies the most effective utility energy efficiency programs across the country and analyzes the costs and benefits of implementing these programs in Arizona, Colorado, Nevada, New Mexico, Utah, and Wyoming. The $20 Billion Bonanza notes that utilities in the Southwest have made considerable progress in helping their customers save electricity, but urges further action in related policy. See the SWEEP press release and the SWEEP website.