PECO Customers Save $350 Million and Counting with PECO Smart Ideas
June 26 2014 - 3:00PM
Business Wire
Customers save more than 1.5 million
megawatt hours of electricity
PECO customers have saved more than $350 million with PECO Smart
Ideas, the company’s highly successful suite of energy efficiency
programs. Since the programs launched in 2009, customers have
benefited from more than $220 million in energy savings and
received more than $130 million in rebates, discounts and
incentives on energy-efficient products.
Customers have saved more than 1.5 million megawatt hours of
electricity. That’s enough electricity to power 10,000 average U.S.
homes for more than a year, keep New York City lit for about a
month or power 50 professional football stadiums for about 1,000
games. This energy savings also has the same environmental impact
as removing about 145,000 cars from roadways or planting more than
1.6 million trees.
More than 500,000 PECO customers have already participated in
PECO Smart Ideas energy efficiency programs. Specifically,
customers have:
- Purchased more than 9.5 million
discounted compact fluorescent (CFL) light bulbs and light emitting
diode (LED) bulbs through PECO Smart Home Rebates
- Recycled 36,985
refrigerators/freezers/AC window units with PECO Smart Appliance
Recycling
- Completed more than 41,000 free
energy-saving PECO Smart e-Audits
“PECO Smart Ideas has programs to help every customer save
energy and money,” said Liz Murphy, PECO vice president of
Governmental and External Affairs. “We are thrilled with the
savings these programs have provided our customers and encourage
our customers to continue to participate in the many programs
available to help them manage their energy needs.”
PECO also recently increased the rebate amounts available for
many electric appliances and HVAC equipment models to provide more
savings for customers. All ENERGY STAR® refrigerators now qualify
for a $75 rebate, which means more choices and more opportunities
to save. These changes were approved by the Pennsylvania Public
Utility Commission and began on June 1.
PECO Smart Ideas is part of the company’s support of
Pennsylvania’s energy efficiency and demand response targets – Act
129. 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 utilities to help customers reduce their energy usage by
an additional 2.9 percent by May 31, 2016.
To learn more, visit peco.com/smartideas or call
1-888-5-PECO-SAVE.
Based in Philadelphia, PECO is an electric and natural gas
utility subsidiary of Exelon Corporation (NYSE: EXC). PECO serves
1.6 million electric and more than 500,000 natural gas customers in
southeastern Pennsylvania and employs about 2,400 people in the
region. PECO delivered 85.7 billion cubic feet of natural gas and
37.8 billion kilowatt-hours of electricity in 2013. 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 email, please send your email address to
PECO.Communication@exeloncorp.com.
PECOBen Armstrong,
215-841-5555benjamin.armstrong@exeloncorp.com
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