Energy efficiency now offers future savings
Daytona Beach News-Journal May 30, 2009
Stronger standards for energy efficiency and renewable energy will result in substantial savings to consumers. However, those savings will disappear if standards are lessened in legislation currently making its way through Congress.
That's the conclusion of a recent report by the Consumer Federation of America on language in the American Clean Energy and Security Act of 2009.
"Efficiency and renewables are the lowest-cost, cleanest options we have for meeting future energy needs while also saving consumers billions on their monthly bills," said Mark Cooper, director of research for the consumer group and author of the report, in a news release. "They should be the cornerstone of our national energy policy, whether or not we adopt policies to reduce greenhouse gas emissions."
Cooper said the potential for savings is great and that by the year 2030, with these standards in place, consumers could save 6 cents per kilowatt hour, which would equal total annual savings of more than $200 billion.
Key findings of the report include:
· Increased efficiency could lower demand by as much as 30 percent in states from all regions at costs that are below the current cost of electricity.
· A review of recent studies shows that efficiency is the lowest-cost option available.
· The supply of low-cost efficiency and renewable energy sources is readily available to meet targets set in earlier energy policy legislation.
· Left to pursue their own economic interests, investor-owned utilities will likely choose more expensive central station options at the expense of less expensive efficiency and renewable options.
"In a carbon constrained world, it is more important than ever to ensure that efficiency and renewables can play their full role in meeting our energy needs," Cooper said. "Energy efficiency and renewable energy standards force utilities to think about, analyze and invest in alternatives that are not their private preference but are vastly more consumer-friendly and socially preferable to the status quo.
A full copy of the report, "A Consumer Analysis of Energy Efficiency and Renewable Energy Standards," is available online at consumerfed.org/pdfs/EERES_analysis.pdf.
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This is definitely true that there is bound to be a lot of savings provided the natural energies are used in the best possible way.
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