Enigin Update - Study Reveals Boom Times Ahead for U.S. Energy Efficiency
A NEW study from The Brattle Group reveals that energy efficiency improvements could lower U.S. electricity consumption by 5 - 15 percent relative to forecast trends by 2020.
“The survey clearly shows that the age of energy efficiency has not come to an end,” said Ahmad Faruqui, one of the study’s authors. “On the contrary, the survey heralds a period of acceleration for energy efficiency.”
“Energy Efficiency and Demand Response in 2020 – A Survey of Expert Opinion,” was coauthored by Brattle economists Ahmad Faruqui and Doug Mitarotonda in coordination with Global Energy Partners (GEP), an Enernoc company.
The survey of 50 energy experts was released yesterday by economists at The Brattle Group, also predicts that electricity peak demand is likely to drop by 7.5 to 15 percent compared to forecast trends.
These reductions will likely be brought on by factors such as the rising costs of generating and delivering electricity, rapid advances in appliance and building technology, innovative rate design, and cultural shifts in American values that encourage behavioral change.
The analysis reveals a surprising consensus on the size of the impact from increased energy efficiency in the United States. However, it also finds considerable variation across regions, sectors, programmes, and end-uses. For instance, the West North Central Division is expected to only see savings in electricity consumption in the 1.5 to 2.5 percent range, while the Mountain Division is expected to see savings in the 5 to 16 percent range.
Significantly, dynamic pricing programmes are expected to garner between 7.5 to 20 percent of residential consumers, while participation rates for commercial and industrial consumers will range from 10 to 30 percent.
This is very interesting for Enigin Distributors across America, proving there will be increasingly more opportunities for them to expand their energy saving businesses further with the help of technology and solutions from Enigin.
The study “Energy Efficiency and Demand Response in 2020 – A Survey of Expert Opinion,” is available for download from www.brattle.com.
Picture of Overhead Power Lines by oosp reproduced under CCL.
