Pennsylvania Energy Efficiency Savings Analysis
On behalf of the Keystone Energy Efficiency Alliance (KEEA), Synapse Energy Economics (Synapse) analyzed the potential impact on energy savings, economic benefits, and net-benefits from expanding the state’s utility energy efficiency programs by increasing budgets beyond the current budget cap. Synapse examined both a Base Case scenario and an Alternative Case scenario for 2021 to 2025, the period immediately following the Phase III programs. The Alternative Case illustrates a future with more robust energy efficiency programs, possible only if state policy makers remove the budget cap before the start of the next program phase in 2021. Under the Alternative Case, we project Pennsylvania ratepayers will enjoy incremental benefits of $1.2 billion with incremental savings of about 330 MW, equivalent to a single small natural gas power plant.