Ohio Committee Examines the Cost-Effectiveness of Energy Efficiency

cost-effective

Ohio energy standards committee to look at efficiency costs

Midwest Energy News, May 4, 2015. Image credit: edar

As Ohio’s Energy Mandates Study Committee takes up energy efficiency this week, data continue to show the programs are cost-effective for ratepayers.

A 2014 report from Lawrence Berkeley National Laboratory showed that Ohio’s program administrator costs under its energy efficiency standard (second bar from top) were among the lowest in the nation—less than 1 cent per kwh on a levelized basis.
A 2014 report from Lawrence Berkeley National Laboratory showed that Ohio’s program administrator costs under its energy efficiency standard (second bar from top) were among the lowest in the nation—less than 1 cent per kwh on a levelized basis.

An expert scheduled to appear before the committee this week has just released a 20-state study showing that even when when voluntary customer investments that produce other benefits are added to utility program costs under energy efficiency standards, the average “total cost” of saving electricity through energy efficiency is 4.6 cents per kilowatt hour.

That “still compares favorably” to the costs for new energy supply and electricity, said Charles Goldman in last week’s announcement of the new study. Goldman co-authored the report with Ian Hoffman and other colleagues at Lawrence Berkeley National Laboratory in California.

Goldman is scheduled to appear before Ohio’s Energy Mandates Study Committee this Thursday. Also on the agenda is a presentation by Gary Swanson of Energy Management Solutions, which has offices in New Albany, Ohio, and Excelsior, Minnesota.

The committee was established by Senate Bill 310, which modified the state’s energy efficiency and renewable energy standards and placed a two-year freeze on any increases in their benchmarks. The law charges the committee with studying the costs and benefits of the standards and making recommendations for future energy policy.

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