The OMA this week released research on the economic effects of the state’s energy efficiency standards for electric utilities. The research finds that energy efficiency remains the least-cost strategy for constraining electricity costs. The study projects direct and indirect savings of almost $5.57 billion for customers in avoided energy expenditures and reduced wholesale energy and capacity prices, and assumes energy efficiency investments of $2.7 billion.
The OMA recommended several improvements to the operation of utility energy efficiency programs designed to protect large users of electricity:
Read an overview of the research here.