efficiency vermont your resource for energy savings the economic benefits of energy efficiency
TRANSCRIPT
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Efficiency Vermont your resource for energy savings
The Economic Benefits of Energy Efficiency
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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
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Efficiency Vermont Mission
Our sole mission is to help all Vermonters save energy, reduce energy costs and protect our environment.
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Efficiency Vermont Goals
Three basic goals drive Efficiency Vermont’s initiatives and milestones…
Electrical (MWh) Savings
Total Resource Benefits
Market Transformation
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Efficiency Vermont Serves:
All electric rate payers in Vermont, including...
Commercial, Industrial, Municipal
Residential
Farmers
Mixed Commercial & Residential Sites
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Energy Efficiency
Benefits beyond lower energy costs: Improved value
Lower life-cycle costs
Creates a more comfortable and healthier
environment
Increases profits and productivity
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Basic Service Sectors
Business Energy ServicesEnergy Efficient Equipment
New Construction
Residential Energy Services
Energy Efficient Products
New Construction
Targeted High Use
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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
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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
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Technical Services:
Design Assistance Computer Modeling Cost-Benefit Analysis Product Sourcing Collaboration
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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)
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Prescriptive Rebates
Commercial- Lighting- HVAC- Electric Motors
Residential-Lighting-Appliances-Energy Star Homes
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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
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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
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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
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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
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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
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Public Value of Efficiency Vermont Services
Courtesy of Richard Cowart
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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
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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
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How to reach us:
Efficiency Vermont255 S. Champlain Street
Burlington, Vermont 05401-4717 _______________________
(888) 921-5990 x-1088(802) 658-1643 FAX