Review of Public Service Electric and Gas Company's 2020 Green Programs Cost Recovery Filing

Client:

On behalf of the New Jersey Division of Rate Counsel, Synapse provided technical assistance concerning the energy efficiency programs within Public Service Electric and Gas Company (PSE&G)’s 2020 Green Programs Cost Recovery Filing. In this filing to the Board of Public Utilities, PSE&G requested recovery of its historical program spending from 2019 to 2020 and projected spending through 2021.

Synapse evaluated the reasonableness of the historical program spending and savings with a focus on the 2017 Energy Efficiency program that includes sub-programs targeting multifamily buildings, hospitals, small commercial customers, and residential end uses. Synapse investigated spending and savings per participant, costs of saved energy, benefit-cost analysis, and measured specific incentive payments and savings assumptions. Synapse’s assessment revealed that some of the sub-programs were not cost-effective or were substantially more expensive than originally projected. Synapse made several recommendations to improve the cost-effectiveness of these sub-programs.

Status: 
Project Completed April 2021