MAYS LANDING – Atlantic City Electric has proposed numerous energy efficiency programs that will provide individuals with the tools they need to take control of their energy usage and save money.
They proposed to the New Jersey Board of Public Utilities (BPU) a range of incentives for energy efficiency upgrades, rebates on energy-efficient products, and a mixture of other offerings to help people use less energy. This will help achieve the Clean Energy Act’s energy savings goal and help New Jersey meet its leading climate goals for a clean and sustainable energy future.
Atlantic City Electric’s projected ideas are expected to save customers more than $550 million. These ideas give customers a variety of offers such as every size business, renters and homeowners, single-family homes and multifamily buildings, as well as offerings dedicated to households with limited incomes.
“We cannot achieve a clean energy future without robust energy efficiency offerings that help all our customers save money and energy,” said Gary Stockbridge, Atlantic City Electric region president. “With cost-effective energy efficiency programs, all our customers benefit. Not only will customers have numerous opportunities to save money, but we can also create clean, sustainable jobs, help improve equity in our communities, combat the effects of climate change and improve air quality in our neighborhoods.”
Atlantic City Electric’s programs are anticipated to conclude in more than 6,000 job-years, provide more than $500 million to New Jersey’s Gross Domestic Product and support local businesses. Participating businesses can also reduce their operating costs by lowering their energy bills.
“These programs will bring good paying jobs to the region and continue to grow New Jersey’s clean energy economy,” said Allison Spinelli, Cumberland, Salem and Cape May Workforce Development Board executive director. “As the local economy continues to recover, expanding energy efficiency programs will provide numerous opportunities for local workers at a time when our region needs it.”
The company plans on investing $600,000 in workforce development efforts to support local workers and new businesses. They will also be adjusting its existing workforce development programs to support careers in energy efficiency.
“We are committed to ensuring new jobs in the energy efficiency sector are filled locally and equitably across the communities we serve and that our programs help grow local, diverse and minority-owned businesses,” said Stockbridge.
“Atlantic City Electric’s proposed energy efficiency programs will be incredibly beneficial for South Jersey residents,” said Bernadette Blackstock, People for People Foundation CEO. “The diverse set of programs provides numerous opportunities for households with limited incomes to save and that makes a huge difference for a family trying to make their rent or a veteran trying to purchase groceries. When people can save on their energy bill, they can put that savings towards other essential needs.”
The programs will also improve air quality in South Jersey. When significantly reducing customer energy demands, the programs will reduce the local air pollution. The programs are predicted to reduce carbon dioxide emissions by 1.5 million tons and reduce sulfur dioxide emissions by 885 tons and nitrous oxide emissions by 783 tons.
If the proposal is approved, the typical customer would see a 30-cent increase on their monthly bill in the first year of the programs. Then, customers who are in the programs are expected to see a net savings on their energy bills. According to Atlantic City Electric, every dollar invested in these energy efficiency programs customers will receive nearly $4 in benefits.
For more information about Atlantic City Electric, visit atlanticcityelectric.com.