Massachusetts regulators approved the final details of the 2013-2015 utility plans last week that call for $2.01 billion in energy efficiency programs. The utilities expect the plans to save 3.7 million MWh of electricity, enough to power more than 500,000 households for one year, and deliver $8.9 billion in economic benefits.
The Massachusetts Department of Public Utilities (DPU) says that for every dollar utilities will invest in energy efficiency, ratepayers will receive over three dollars in energy savings.
The DPU order goes into far greater detail – 180 pages worth – which you can find here.
"With this decision, Massachusetts has renewed its commitment to investing in energy efficiency, the cleanest, lowest cost energy resource available. Efficiency will deliver important economic and environmental dividends," said Jeremy McDiarmid, Massachusetts director for Environment Northeast, a key efficiency advocate in the region.