A plan detailing how energy efficiency program funding should be spent through the end of 2018 – a plan that consumes 549 pages – has been submitted by Connecticut’s electric and natural gas utilities to the Department of Energy and Environmental Protection (DEEP), according to The New Haven Register. The Conservation and Load Management Plan will be assessed by DEEP by the end of the year.
The plan proposes expenditures of $250 million annually on energy savings, which is a $20 million more than is spent annually now. Utility customers pay for the program through a charge on their bills. The DEEP spokesperson said that every dollar spent on energy efficiency yields $2.80 in savings. Energy saving programs are available for commercial and industrial customers as well as residential consumers.
The Michigan Public Service Commission reported last week that electric and gas utilities spent $257 million last year to reduce energy use. That investment is expected to save at least $1.1 billion over the life of those programs. That equates to a gain of $4.38 for every $1 spent, according to Crain’s Detroit Business.