PSE&G’s latest report on its Clean Energy Future Energy Efficiency (CEF-EE) initiatives highlights the ongoing success of its programs. Over 380,000 customers have participated in various energy efficiency initiatives, leading to projected annual savings on their utility bills. The report indicates that approximately 70,000 home energy assessments have been conducted, resulting in significant energy savings. Additionally, the sale of around 306,000 smart thermostats and 95,000 power strips has contributed to energy efficiency improvements.
Furthermore, the program has provided over 97,000 retail appliance rebates for energy-efficient electric appliances, directly impacting energy consumption and greenhouse gas emissions. For electric customers involved in these initiatives, projected savings exceed 2.1 million megawatt-hours of electricity annually, enough to power over 312,000 homes each year. Participating natural gas customers are expected to save approximately 57 million therms of natural gas annually. Collectively, these efforts are estimated to avoid about 1.6 million metric tons of carbon dioxide emissions annually, equivalent to the emissions from 349,000 gasoline-powered cars on the road for a year.
PSE&G’s commercial and industrial (C&I) energy efficiency programs have also demonstrated significant impact. The PSE&G Small Business Direct Install Program has delivered collective annual savings on utility bills for participating business customers. This program is projected to save 52 thousand megawatt-hours of electricity annually, along with an estimated 2.4 million therms of natural gas for participating electric and/or gas business customers. Together, these C&I initiatives are anticipated to avoid about 44 thousand metric tons of carbon dioxide emissions each year.
The success of these programs is evident in the experience of a PSE&G business customer, the owner of a Carvel Ice Cream store. Through the Direct Install program, he upgraded his store’s HVAC units with energy-efficient features, resulting in significant annual savings and improved cooling efficiency.
In addition to its energy efficiency programs, PSE&G also sponsors the New Jersey Clean Energy Jobs Program, which aims to expand the state’s clean energy workforce. The program has successfully placed over 2,500 residents in clean energy jobs, contributing to the state’s clean energy objectives and promoting local job growth.
PSE&G’s commitment to excellence in energy efficiency has been recognized with over 50 awards since 2021, including the 2024 ENERGY STAR Partner of the Year Award for Sustained Excellence. This award acknowledges the company’s consistent achievements in energy efficiency and its dedication to promoting sustainable practices.
For more information on PSE&G’s energy efficiency programs, visit their website for residential and business customers.
This release includes forward-looking statements regarding anticipated energy savings, cost saving, and greenhouse gas emissions avoidance. While these statements are based on current information and management’s beliefs, they are subject to risks and uncertainties that could affect actual results. Factors that may cause actual results to differ include the ability to implement PSE&G’s energy efficiency business strategy and customer adoption of energy efficiency offerings. Readers are cautioned not to place undue reliance on these forward-looking statements.
