Post on 30-Dec-2015
Efficiency Vermont your resource for energy savings
The Economic Benefits of Energy Efficiency
What Is Efficiency Vermont?
The first energy efficiency utility in the
USA
Created by order of theVermont Public Service Board
Performance-based contract administered by a Vermont Non-Profit Entity
Efficiency Vermont Mission
Our sole mission is to help all Vermonters save energy, reduce energy costs and protect our environment.
Efficiency Vermont Goals
Three basic goals drive Efficiency Vermont’s initiatives and milestones…
Electrical (MWh) Savings
Total Resource Benefits
Market Transformation
Efficiency Vermont Serves:
All electric rate payers in Vermont, including...
Commercial, Industrial, Municipal
Residential
Farmers
Mixed Commercial & Residential Sites
Energy Efficiency
Benefits beyond lower energy costs: Improved value
Lower life-cycle costs
Creates a more comfortable and healthier
environment
Increases profits and productivity
Basic Service Sectors
Business Energy ServicesEnergy Efficient Equipment
New Construction
Residential Energy Services
Energy Efficient Products
New Construction
Targeted High Use
Energy Efficiency Projects with Businesses
Over 970 Commercial Projects Over $2.4 Million in Financial
Incentives to Businesses Over 35,000 Megawatt hours of
Electricity Saved Over $24.1 Million in Total
Resource Benefits
Energy Efficiency Projects with Residents
Over 52,000 Residential Projects Over $4.6 Million in Financial
Incentives to Residents Over 36,000 Megawatt hours of
Electricity Saved Annually Over $24 Million Dollars in Total
Resource Benefits
Technical Services:
Design Assistance Computer Modeling Cost-Benefit Analysis Product Sourcing Collaboration
Financial Incentives
Lighting - Statewide standard Three-phase motors - Regional standard HVAC - Regional standard Refrigeration - Custom Process equipment - Custom Other electrical end-use equipment Design Studies (3rd Party)
Prescriptive Rebates
Commercial- Lighting- HVAC- Electric Motors
Residential-Lighting-Appliances-Energy Star Homes
Custom Projects
Identify efficient alternatives or approaches
Custom incentive packages Establish baseline product/design Assist with cost/benefit evaluation Assist with presentations to
boards or the community
Sample Project #1Large Wholesale Grocer
Chiller & Quick Close Freezer Doors Financial Incentive = $110,000 1,325,000 annual kWh savings $140K in Annual Operating Cost
Savings
Sample Project #2Plastics Manufacturer
Equipment Replacement-Dryer installation
$3000 Financial Incentive 69,000 annual kWh savings $145,520 Operating Cost Savings in
scrap reduction, labor and energy savings
Sample Project #35 Ski Areas - 9 projects total
Snowmaking Tower Guns, Lighting upgrades, compressed air, variable speed drive and motors
$207,000 Total Financial Incentives $383,000 Annual Operating Cost
Savings $4.62 million in Total Resource Benefits
Other Positive Results
We’ve helped 1 of every 10 electric utility customers lower their energy costs
That’s over 30,900 Vermonters receiving over $20 million in lifetime savings
Demand-Side-Management keeps dollars in the state of Vermont
Saved an estimated $24 million in fossil fuels 125 lighting retailers & 70 appliance dealers
sell ENERGY STAR products in Vermont
Public Value of Efficiency Vermont Services
Courtesy of Richard Cowart
Contracted vs. Open-Market
When demand exceeds the capacity at the contracted rate...
Peak Cost for NE Grid in July 2001 was $1.00 per KWh
Economic Benefit of Efficiency Measures
Last year, Efficiency Vermont saved electricity at a cost of 2.5 cents/kWh
while it cost an average of 4 cents/kWh for utilities to purchase or generate
electricity.
We’re like an invisible power plant--but less expensive
How to reach us:
Efficiency Vermont255 S. Champlain Street
Burlington, Vermont 05401-4717 _______________________
(888) 921-5990 x-1088(802) 658-1643 FAX