Customers Participating in PSE&G's Energy
Efficiency Programs to Save Over 1.4 Million Megawatt Hours of
Electricity Per Year – Enough to Power Over 200,000 Homes for One
Year
NEWARK,
N.J., June 14, 2023 /PRNewswire/ -- In its first
30 months since implementation close to 1.7 million customers have
received services from PSE&G's award winning energy efficiency
programs, including approximately 300,000 customers who took action
to save energy through these programs. Through their participation
in these programs, customers are expected to save approximately
$300 million1 on their
utility bills annually. These savings are the result of many
program activities, including recycling over 16,000 appliances,
delivering over 11 million high-efficiency LED lightbulbs and
completing over 53,000 home energy audits from the program's
implementation through March
2023.
PSE&G's programs also are expected to lead to a savings of
over 1.4 million megawatt hours of electricity per year, which is
enough to power over 200,000 New
Jersey homes for a year2. Participating
natural gas customers are expected to save a total of approximately
35 million therms of natural gas per year. The combined Electric
and Gas energy savings from PSE&G's programs are expected to
avoid approximately 1 million metric tons of carbon dioxide
emissions3 per year or roughly the amount emitted by
220,000 gasoline-powered cars on the road over a one-year
period4.
"Helping customers become more energy efficient is key to our
state's clean energy future and PSEG's vision to power a future
where people use less energy and that energy is cleaner, safer and
delivered more reliably than ever," said Karen Reif, vice president of PSE&G
Renewables and Energy Solutions. Reif continues, "Energy Efficiency
is one of New Jersey's most cost
effective tools in reducing energy use and fighting climate change
and we are proud of our continued role in providing programs,
resources and strategies to help NJ and our customers achieve this
goal."
As part of the PSE&G Clean Energy Future Energy Efficiency
program that the New Jersey Board
of Public Utilities approved in September
2020, PSE&G launched ten programs in 2021 specifically
designed to provide residential and commercial customers with
various options to reduce their energy consumption and save money
while lowering their carbon footprint.
PSE&G's programs allow residential customers to receive
discounts on high efficiency products and energy efficient
equipment and services, including free home energy assessments. For
business customers, PSE&G provides solutions that include
whole-building energy efficiency retrofits.
From July 2021 to March 2023, PSE&G helped its customers:
- Recycle over 16,000 appliances;
- Obtain over 53,000 home energy audits*;
- Receive over 400,000 efficiency kits through food banks for
underserved customers; and
- Acquire over 11 million high efficiency LED lightbulbs.
Since 2021, PSE&G's energy efficiency programs (including
the Clean Energy Jobs Program) have won over 25 awards in a variety
of categories, including program design, program marketing and best
practices. In March 2023, for the
second consecutive year, PSE&G received the ENERGY STAR Partner
of the Year Award in the Energy Efficiency Program Delivery
category from the U.S. Environmental Protection Agency (EPA)
and the U.S. Department of Energy. The Partner of the Year Award in
Energy Efficiency Program Delivery is bestowed on organizations for
sponsoring energy efficiency programs that improve the efficiency
of products, homes, and buildings within their community or
territory.
Recently, the New Jersey Board
of Public Utilities (BPU) approved a $280
million extension of the PSE&G Clean Energy
Future-Energy Efficiency program. The nine-month extension puts
PSE&G's program on the same regulatory schedule as other
New Jersey utilities' energy
efficiency programs and will enable PSE&G to continue to
provide all of its customers with options to reduce their energy
consumption and lower their utility bills.
PSE&G's energy efficiency programs have also spurred
economic growth with an emphasis on equity. The Clean Energy Jobs
Program sponsored by PSE&G supports the ambitious targets set
by the Clean Energy Act by developing a qualified workforce and
providing jobs that will be critical to achieving New Jersey's clean energy future. Since its
implementation PSE&G's Clean Energy Jobs Program has already
supported the hiring of more than 2,200 New Jersey residents to entry, mid and
senior-level positions and advancing professional skills to work in
New Jersey's clean energy
industry. Read more about this program at:
pseg.com/cleanenergyjobs.
For more information on PSE&G's energy efficiency programs
including how to sign up, visit homeenergy.pseg.com for residential
customers or bizsave.pseg.com for business customers. Energy
efficiency can help lower your energy use in the future; if you or
someone you know is struggling to pay or manage a utility bill
right now, PSE&G has many resources available: visit our Help
Now website pseg.com/help.
PSE&G
Public Service Electric & Gas Co.
is New Jersey's oldest and largest
gas and electric delivery public utility, as well as one of the
nation's largest utilities. PSE&G is the 2022 Edison Award
recipient from the Edison Electric Institute. PSE&G has won the
ReliabilityOne® Award for superior electric system reliability in
the Mid-Atlantic region for 21 consecutive years. For the second
consecutive year, PSE&G is the recipient of the ENERGY STAR
Partner of the Year award in the Energy Efficiency Program Delivery
category. In addition, J.D. Power named PSE&G number one in
customer satisfaction for both Residential Electric and Natural Gas
Service in the East among Large Utilities. PSE&G is a
subsidiary of Public Service Enterprise Group Inc., (PSEG)
(NYSE:PEG), a predominantly regulated infrastructure company
focused on a clean energy future and has been named to the Dow
Jones Sustainability Index for North
America for 15 consecutive years (www.pseg.com).
Visit PSEG at:
www.pseg.com
PSEG on Facebook
PSEG on Twitter
PSEG on LinkedIn
1 Retail bill savings are based on rate class
averages for residential and small commercial customers
2 Based on the median annual consumption of PSE&G's
residential customers
3 Carbon dioxide savings for electricity are based on
EPA eGRID marginal emission rates for the eastern RFC region
4 Vehicle equivalency is base on EPA conversion
factors
*Home energy audit includes: Home Performance with ENERGY
STAR®(HPwES), Home Weatherization Program and Quick Home
Energy Check-up (QHEC)
CONTACT:
Media Relations
Marijke Shugrue
908-531-4253
Marijke.Shugrue@pseg.com
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SOURCE PSEG