LANSING – A report released today from the Michigan Public Service Commission (MPSC) shows that for every dollar spent on energy efficiency, ratepayers saved $4.35 – leading to a total of $1.08 billion in savings for 2015. Every year the MPSC files a report on the Energy Optimization Standard, highlighting ratepayer savings.
“Today’s report from the MPSC should be a call to action for the legislature to build on Michigan’s energy efficiency standard, which saved ratepayers more than a billion dollars in 2015,” said Michigan EIBC President Liesl Eichler Clark. “Energy efficiency continues to be a key driver in saving ratepayers money and creating jobs.”
Added in 2008, electric utilities in Michigan are required to reduce energy usage equal to one percent of their annual retail sales, three-quarters of one percent for natural gas utilities. A current legislative package would keep the energy efficiency program through 2021, renaming it the “Energy Waste Reduction Standard.” After such a time the MPSC is permitted to approve energy waste reduction plans from the utilities that are higher or lower than the existing programs.