Making Energy More Affordable in Pennsylvania
On behalf of Natural Resources Defense Council (NRDC) and the Evergreen Collaborative, Synapse examined strategies to improve energy affordability for Pennsylvania households. As electricity prices and essential living costs continue to rise, the report identifies three different policy interventions that can lower costs for residential customers in PPL’s service territory. We quantify the impacts of interventions including resolving supply-demand imbalances in PJM’s wholesale markets with clean energy to ensure customers are not burdened by new large load additions, correcting utility return on equity to ensure that customers are not being unreasonably charged for utility profits, and expanding initiatives and incentives for customer-owned power and grid efficiencies.
As a result of policy solutions deployable in the next four years, we estimate that residential customers could save at least $841 per household by 2030.