Energy-Efficient PECO Customers Save Half A Billion Dollars
January 28 2016 - 12:19PM
Business Wire
Customers take advantage of innovative,
award-winning PECO Smart Ideas energy-efficiency programs
PECO customers have saved more than half a billion dollars in
energy, incentives and rebates with PECO Smart Ideas. Based on
total energy savings, PECO Smart Ideas is the most successful suite
of utility run energy efficiency programs in Pennsylvania.
Since 2009, PECO’s residential and business customers have saved
nearly 2.2 million megawatt- hours of electricity by installing
energy-efficient lighting, recycling and replacing older
inefficient appliances with new ENERGY STAR® models, performing
energy assessments to identify long-term savings opportunities and
more.
“Now in their seventh year, we are thrilled these innovative
programs continue to meet the needs of our customers,” said Craig
Adams, PECO president and CEO. “We look forward to offering even
more programs as we continue to provide our customers with safe,
reliable, affordable and clean energy and energy services.”
PECO Smart Ideas is a suite of 15 different programs that help
residential, business, government, nonprofit and institutional
customers save energy and money. In total, PECO customers have
received more than 451,000 rebates for energy-efficient actions.
Since the programs launched in 2009, customers have received $103
million in rebates, $103 million in incentives for energy-
efficient products and saved more than $298 million by using less
energy overall. Included in these energy efficient actions,
customers have:
- Purchased more than 13 million
discounted LED and CFL bulbs through PECO Smart Lighting
Discounts.
- Received more than 9,300 in-home audits
and assessments with PECO Smart House Call.
- Recycled more than 58,600 old and
outdated appliances with PECO Smart Appliance Recycling.
- Received more than 8,050 rebates for
equipment enhancements and energy-efficient construction measures
through PECO Smart Ideas for Your Business.
PECO Smart Ideas has received 10 industry awards, including
three ENERGY STAR® Partner of the Year Awards since 2009.
PECO Smart Ideas is part of the company’s support of
Pennsylvania’s energy efficiency and demand response targets –
known as Act 129 of 2008. Act 129 required all Pennsylvania
electric utilities to develop programs to help customers reduce
energy use by 1 percent by May 31, 2011 and 3 percent by May 31,
2013. Act 129 also requires PECO to reduce their energy usage
by an additional 2.9 percent by May 31, 2016, and by an additional
5 percent by 2021. PECO is currently working to develop new
programs and initiatives to help achieve this goal.
Based in Philadelphia, PECO is an electric and natural gas
utility subsidiary of Exelon Corporation (NYSE: EXC). The
company’s 2,400 dedicated employees provide advanced, innovative
energy solutions to 1.6 million electric and more than 506,000
natural gas customers in southeastern Pennsylvania. In 2014
PECO delivered 89.9 billion cubic feet of natural gas and 37.5
billion kilowatt-hours of electricity and had an estimated economic
impact of $4.5 billion in Pennsylvania, supporting more than 9,600
local jobs and producing $760 million in labor income. Founded in
1881, PECO is one of the Greater Philadelphia Region's most active
corporate citizens, providing leadership, volunteer and financial
support to numerous arts and culture, education, environmental,
economic development and community programs and organizations. For
more information visit PECO.com, and connect with the company on
Facebook and Twitter.
If you are a member of the media and would like to receive PECO
news releases via e-mail please send your e-mail address to
PECO.Communication@exeloncorp.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160128006192/en/
PECOBen Armstrong,
215-841-5555benjamin.armstrong@exeloncorp.com
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