EERS: Energy Efficiency Resource Standard
What is an Energy Efficiency Resource Standard (EERS)?
An Energy Efficiency Resource Standard (EERS) incentives utilities to invest in energy efficiency programs, like providing customers with automatic thermostats, discounting Energy Star appliances, and paying for energy audits for homes and businesses. An EERS requires utilities to increase their investments in cost effective energy efficiency programs.
Where does Missouri stand on efficiency?
· In Missouri there are virtually no statewide policies encouraging or requiring energy efficiency
· Missouri ranks 43 of 50 states in energy efficiency (http://www.aceee.org/).
Why is an EERS important?
· An EERS encourages the most cost-effective energy resource: energy efficiency. Energy efficiency measures typically cost around 2-3 cents per kWh, far less than the cost of constructing any type of new power plant.
· Energy efficiency is the only resource that reduces overall energy usage and lowers energy bills.
How should Missouri’s EERS legislation be crafted?
The Missouri General Assembly should implement an effective and robust EERS. Specific levels for Missouri are still in development, but minimums under consideration are 2% of utility revenues for electricity and a 1.5% for natural gas.
What are the benefits of an EERS for Missouri?
A 2% electric & 1.5% natural gas EERS would:
All States that have implemented an EERS have seen energy savings - with many programs working so well that some original targets have been increased.
An Energy Efficiency Resource Standard (EERS) incentives utilities to invest in energy efficiency programs, like providing customers with automatic thermostats, discounting Energy Star appliances, and paying for energy audits for homes and businesses. An EERS requires utilities to increase their investments in cost effective energy efficiency programs.
Where does Missouri stand on efficiency?
· In Missouri there are virtually no statewide policies encouraging or requiring energy efficiency
· Missouri ranks 43 of 50 states in energy efficiency (http://www.aceee.org/).
Why is an EERS important?
· An EERS encourages the most cost-effective energy resource: energy efficiency. Energy efficiency measures typically cost around 2-3 cents per kWh, far less than the cost of constructing any type of new power plant.
· Energy efficiency is the only resource that reduces overall energy usage and lowers energy bills.
How should Missouri’s EERS legislation be crafted?
The Missouri General Assembly should implement an effective and robust EERS. Specific levels for Missouri are still in development, but minimums under consideration are 2% of utility revenues for electricity and a 1.5% for natural gas.
What are the benefits of an EERS for Missouri?
A 2% electric & 1.5% natural gas EERS would:
- Save Missourians $2.8 billion by 2033
- Create 4,100 jobs
- Drop peak demand by 3,300 MW = 11 power plants
All States that have implemented an EERS have seen energy savings - with many programs working so well that some original targets have been increased.
Helpful presentations from the 2010 National Energy Efficiency Advocates Meeting
Renew Missouri is a project of the Earth Island Institute, a 501c(3) non-profit organization.
