Massachusetts Consumers Will Reap Benefits of New Energy Policy
The Massachusetts Department of Public Utilities announced plans to increase energy efficiency with a goal of saving Boston and Massachusetts electric and natural gas consumers over $6 billion per year over the next three years. We know our clients are looking to save money on natural gas and electric bills, and they may see real savings under the new energy policy: the Green Communities Act.
Essentially, the new law includes funding for the nations first carbon allowance auction, along with improved energy assessments of homes and incentives for the purchase of high efficiency lighting and appliances, heating and air conditioning and insulation. The plans require better multicultural and community based outreach. The requirements include a target of 2.4% savings in electricity costs, based on a decline in use of electricity, due to conservation. The Department of Public Utilities estimates that the law would add, or save, 4,000 jobs.
“The actions taken today by the Massachusetts DPU prove that there is still an enormous reservoir within our state and communities for leading the way toward a clean and efficient, low-carbon energy future,” said Kateri Callahan, President of the Alliance to Save Energy. “It is especially significant that when the state’s electric utilities meet their new targets for energy efficiency this will not only slow but actually reverse the historical trend of growing electricity demand. At the same time, these new programs – which make Massachusetts first in the nation in terms of per capita investment in energy efficiency – will reduce utility bills for consumers and businesses and add or save an estimated 4,000 jobs statewide over the next three years. “We now have the most cutting edge efficiency programs in the nation. They will produce unparalleled savings to fuel business competitiveness and put billions back in consumers’ pockets to re-invest in other parts of our economy,” said Sam Krasnow, Policy Advocate and Attorney for Environment Northeast.
The state government is establishing a new website to assist consumers in determining what, if any, program would work for them.