While finding agreement on energy issues has been difficult, policymakers are supporting energy efficiency initiatives which save costs while reducing emissions. Some proposals include time-of-use pricing programs where customers pay higher rates during peak hours, encouraging shifting of usage. Federal stimulus funds have also advanced efficiency through weatherizing homes and expanding the smart grid. Studies show efficiency saves more than it costs, with every dollar invested in programs saving $2 for customers, as well as avoiding new power plant expenditures. Private companies now work with businesses to audit energy usage and propose retrofits to cut costs through solutions like improved lighting and equipment replacements.
3. Finding common ground on hot button energy issues has been a major impediment.
But one area where policymakers are coming together is in the realm of energy
efficiency, which is cost-effective while it is also reducing emissions and the reliance
on electric generation. Some ideas:
In some jurisdictions across the country, customers can opt into real-time or time-
of-use pricing programs, which is a step beyond energy conservation. Such
programs allow users to adjust their usage, for example, from 3 p.m. to 7 p.m.
during summer weekdays when the cost of electricity is highest. The smart grid has
the potential to enable those policies to become a national movement.
If an industrial plant is flexible and can run key machinery at times when the
electricity load overall is at its lowest ebb, then it could save a lot of money.
Residential customers, on the other hand, would simply choose to run their
dishwashers or washing machines at night to avoid being hit with higher costs.
The federal government is also facilitating and encouraging wise energy use, while
simultaneously protecting the environment and conserving natural resources. Lower
energy bills, of course, result in an increase in funds available for other critical
purposes.
4. "Each and every individual action we take -- from turning off lights in
unoccupied rooms to turning off computer monitors and computers, if possible
-- adds up to a brighter future for us all," the Energy Department says.
Not everyone, however, thinks government is a necessary player when it
comes to promoting energy efficiency. Sterling Burnett, with the
National Center for Policy Analysis in Dallas, has explained to this writer that if
people want more energy-efficient household appliances or insulation systems,
they can buy these products. But he is opposed to federal policies that would
encourage such choices through tax incentives or mandates.
Nevertheless, the public sector is involved. And it has joined forces with the
private sector. And even though the length of time to earn a return-on-
investment for many energy efficiency technologies is sometimes short, such
projects are often sidelined until homeowners or companies figure out ways to
pay for them.
About $90 billion in federal stimulus has been used to advance energy
efficiency programs. That includes everything from weathering homes to rolling
out the smart grid that allows utilities and customers to work together to save
energy.
5. Energy Efficiency Pays
A study called “The $20 Billion Bonanza" was produced by the
Southwest Energy Efficiency Project. It concludes that for every dollar
invested in those efficiency programs, $2 in savings result for business
and residential utility consumers. The report cites other benefits such
as the avoidance of major capital expenditures associated with new
power plants and even the retirements of some older and less efficient
generators.
Meantime, some private consultancies are actively working with those
businesses that want to reduce their energy consumption and cut their
costs. Consider Metrus Energy: The San Francisco-based business
performs energy efficiency retrofits. After auditing the premises of large
industrial and commercial customers, it will discuss the work that can
be done and where the savings can be had. It will then fine-tune its
ideas based upon what those businesses hope to achieve.
6. It may suggest simple solutions ranging from the installation of modern lighting
and automatic controls to more complicated ones that involve the replacing of
furnaces and boilers. After, it estimates both the costs and the potential
savings. Metrus, which has worked with BAE Systems and Siemens, is paid on
a per-units-of-electricity-avoided basis -- a formula that is derived in advance of
any work.
"It's the best of times and the worst of times for energy efficiency," says Bob
Hinkle, chief executive of Metrus, in an earlier talk with this writer. "It is the best
of times because it is now well accepted as the right thing to do from an
economic and environmental perspective. But it remains difficult to implement
projects because capital is still constrained."
Energy efficiency is ready to become a central component of U.S. energy
policy. To take off, however, technology developers must cope with a number of
nuances that include everything from the allocation of limited federal resources
to the type of oversight that will eventually apply to that business sector. In the
end, increasing energy savings and reliability requires the same tenacity as
does the exploration and generation of traditional fuel sources.
7. EnergyBiz Insider has been awarded the Gold for Original Web
Commentary presented by the American Society of Business Press
Editors. The column is also the Winner of the 2011 Online Column
category awarded by Media Industry News, MIN. Ken Silverstein has
been honored as one of MIN’s Most Intriguing People in Media.
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