Dive Summary:
- A new report from the American Council for an Energy Efficient Economy finds that energy efficiency resource standards (EERS) in Ohio will lower wholesale capacity and energy prices, and save ratepayers and utilities $5.6 billion by 2020.
- Every dollar spent on efficiency will save more than $4 over the life of a project or technology.
- $3.37 billion of those savings come from lower electricity bills, $1.3 billion from lower wholesale capacity prices, and $880 million from lower wholesale electricity prices.
From the article:
"Once the revenues utilities receive from selling energy efficiency resources are factored in, the net savings are about $2.7 billion."
