Energy efficiency remains cheaper than new power generation, new data confirms
By
Authors Annie Gilleo
Summary
The article discusses how energy efficiency (saving energy) remains more cost-effective than building new energy generation capacity. It presents data showing that utility investments in energy efficiency programs cost significantly less per unit of energy saved compared to the cost of producing energy from new power plants, whether fossil fuel or renewable. The piece argues that despite new data and changing energy landscapes, the fundamental economic case for energy efficiency as the cheapest resource option holds true.
Source
Key quotes
· 3 pulledKeeping the lights on for customers is every electric utility's top priority.
Saving energy is still cheaper than making energy.
The cheapest power plant is the one you never have to build.
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