New York offers $27 million incentive to energy efficient electric utilities
Posted by CITIZEN POWER ALLIANCE at 9:38 AMThe New York State Public Service Commission, which regulates utilities in the region, has unveiled a $27 million incentive plan to encourage energy efficiency.
As part of the region’s energy efficiency initiative, which aims to reduce electricity usage by 15% by 2015, the Commission has now set up policies that will reward utilities for setting up energy efficiency programmes for customers.
Current trends point to an 11% rise in electricity usage in New York by 2015, but the state has set a target of reducing consumption by over 690,000 MWh annually.
“Energy efficiency… is the most cost-effective, and most immediate, way to reduce the burden of rising energy and environmental costs on residential and business customers,” says Commission chair Garry Brown.
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