National Grid Energy Efficiency Programs Save RI Customers Millions

It was reported recently by National Grid – an NEC member – that their energy efficiency programs saved Rhode Island customers millions of dollars in 2014. The programs, which are available to residential, commercial, and industrial customers throughout the state, helped more than 380,000 electric and 14,000 gas customers in 2014.

Preliminary results for 2014 show that National Grid’s efficiency programs will save 3.3 million megawatt hours of electricity and 58 million therms of natural gas over the life of Grid’s various efficiency programs and projects. The resulting carbon emission reduction is the equivalent of taking 543,000 cars off the road for a year. An economic impact study cited by National Grid predicted that Grid’s 2014 programs will lead to the creation of 258 full time jobs in the state. They were also expected to result in $25 million in state economic growth and $17 million in personal income growth. Participants in the program for 2014 could expect to save an estimated $259 million for electric customers and $50 million for gas customers over the next 10 to 13 years as a result of lower energy costs and lower maintenance.

“National Grid works hard to help our customers understand and take advantage of the many energy efficiency programs that are available to them,” said Timothy F. Horan, president of National Grid in Rhode Island. “It’s clear that these programs are directly helping Rhode Islanders save energy and money, all while boosting economic activity, incomes and employment. We look forward to more Rhode Islanders benefitting from these programs this year.”

The New England Council applauds National Grid for its’ efforts to help customers and the environment.

Please see the National Grid press release for more information.

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