Utilities own reports filed with PUCO show that energy efficiency programs have saved consumers more than $1 billion to date.
The following news release, written by Ted Ford, president and CEO of Ohio Advanced Energy Economy, appeared Thursday, April 24, 2014 on their website. Read below, or view the contents on the OAEE website.
Columbus, OH – Energy efficiency programs required under the state’s clean energy laws have netted Ohio consumers more than $1 billion in savings to date, and will result in more than $4.1 billion in savings over the life of the program, according to reports filed by Ohio utility companies with the Public Utility Commission of Ohio (PUCO).
Despite these findings, special interests continue to push Senate Bill 310, an effort to dismantle Ohio’s clean energy laws and eliminate the cost-savings programs.
“The utility companies’ own numbers demonstrate that on average, every dollar that has been spent on energy efficiency programs has resulted in two dollars in savings for Ohio consumers,” said Ted Ford, president and CEO of Ohio Advanced Energy Economy (Ohio AEE). “It defies all logic that Ohio lawmakers would be tempted to do away with this kind of success.”
Data pulled from PUCO reports shows that from 2009 through 2013, program spending of $456 million has resulted in savings of $1.03 billion. In the utility company reports (available online at http://dis.puc.state.oh.us), the utilities actually tout the success of the programs in terms of job creation and the impact on energy prices, making a strong case for preserving the law.