Energy Efficiency Costs Shared
A new cost-recovery method for Duke Energy’s energy efficiency programs is now in effect in North and South Carolina.
The new method started January 1 and is in effect for three years. Duke will be able to recover the cost of approved energy efficiency and demand-side management programs and make an 11.5 percent profit on the value of the energy saved. It can collect $400,000 more in any year that its energy savings is one percent or better than the savings in the previous year.
The program is seen as a way to reduce the need for dirty power generation and could encourage Duke to look to efficiency as the first resource to meet energy demands in the two states.
Why bring buildings online? What information can operations teams glean from real-time data that they can’t just get from the monthly data provided by utility companies? Click to learn more.
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