There are tremendous financial benefits to building owners and tenants who implement energy efficiency projects. In fact, energy efficiency improvements are generally much cheaper than any type of electricity generation project on a “levelized cost of energy” (LCOE) basis.
The report, “State Electric Efficiency Regulatory Frameworks,” outlines policy developments that support utility investments in electric efficiency programs, including how several states have updated their existing regulatory frameworks for energy efficiency since July 2013.
Utility executives say the trend has accelerated this year, with several companies signing contracts, known as power purchase agreements, for solar or wind at prices below that of natural gas, especially in the Great Plains and Southwest, where wind and sunlight are abundant.