PECO Customers Save More Than $463 million With PECO Smart Ideas
October 06 2015 - 1:06PM
Business Wire
Highly successful suite of energy efficiency
programs help save customers more than 2 million megawatt hours
PECO customers have reduced their electric use by more than 2
million megawatt hours (MWh) with PECO Smart Ideas, the company’s
highly successful suite of energy efficiency programs for
residential and business customers. That’s about the same amount of
electricity it takes to power all of New York City for about two
weeks, more than 186,000 typical homes for a year, or the entire
Internet for about four days. Since launching in 2009, PECO Smart
Ideas has saved customers more than $463 million through energy
efficiency rebates, incentives and energy savings on their monthly
bill.
“Our customers are saving energy and money every day with PECO
Smart Ideas,” said Craig Adams, PECO president and CEO. “We look
forward to identifying even more programs and initiatives that
transform how we use energy.”
PECO Smart Ideas offers many programs to help residential,
business, government, nonprofit and institutional customers save
energy and money. In total, PECO customers have received more
than 438,000 rebates for energy efficient actions. Specifically
customers have:
- Purchased more than 12 million
discounted LED and CFL bulbs through PECO Smart Lighting
Discounts.
- Received more than 7,200 in-home audits
and assessments with PECO Smart House Call.
- Recycled nearly 55,000 refrigerators
and freezers with PECO Smart Appliance Recycling.
- Received more than 7,400 rebates for
equipment enhancements and energy-efficient construction measures
through PECO Smart Ideas for your Business.
Since 2009, PECO Smart Ideas has received 10 industry awards,
including three ENERGY STAR® Partner of the Year Awards.
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 PECO customers 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). PECO serves
1.6 million electric and more than 506,000 natural gas customers in
southeastern Pennsylvania and employs about 2,400 people in the
region. PECO delivered 89.9 billion cubic feet of natural gas and
37.5 billion kilowatt-hours of electricity in 2014. 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/20151006006672/en/
PECOBen Armstrong,
215-841-5555benjamin.armstrong@exeloncorp.com
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