Dive Summary:
- PPL Electric Utilities, a subsidiary of PPL Corp serving customers in Pennsylvania, reported impressive results from its latest energy-saving pilot project.
- As the result of Pennsylvania's new energy efficiency law, PPL created a suite of E-power programs which reduced customers' electricity use by 3%. While this may cut into profits, PPL also successfully cut its costly peak load by 4.5%.
- About 300,000 customers, or 25% of customers, signed up for one the E-programs, thereby gaining $120 million in rebates and incentives.
From the press lease:
“New programs include a Home Comfort Program for both new and existing homes, equipment rebates focused on the agricultural community, and a program to aid owners of certain master-metered multi-unit apartment buildings.”