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Energy Savings: 5 Years Later, Efficiency Policy Saves 800 Million Kwh
The landmark energy efficiency policy, HB07-1037, passed the General Assembly in 2007 and directed the Colorado Public Utilities Commission to develop energy efficiency goals and incentives for the state’s investor-owned utilities, Xcel Energy Inc. and Black Hills Energy Corporation. Since then, these utilities have developed robust energy savings programs that thousands of Colorado customers and businesses have taken advantage. 5 years later, here are the results for Colorado.
- Households and businesses are expected to save about $640 million net as a result of Xcel’s and Black Hill’s electric efficiency programs in 2009-2011, an overall benefit-cost ratio of more than three-to-one
- Households and businesses reduced their electricity use in 2011 by over 800 million kWh per year, equivalent to the electricity use of 100,000 typical households.
- Xcel Energy and Black Hills avoided over one million tons of carbon dioxide emissions during 2009-2011 as a result of their energy efficiency programs, the equivalent to taking 110,000 cars off the road.
- Energy efficiency programs reduced water consumption by around 1.5 billion gallons in 2011, equivalent to the water use of 11,500 typical households in the metro Denver area.
- Households and businesses cut their natural gas use by about 1.4 billion cubic feet in 2011, equivalent to the natural gas use of 25,000 typical households.
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