NEWARK, NJ — The New Jersey Board of Public Utilities recently approved a PSE&G proposal to extend three popular energy efficiency programs and implement two new ones. PSE&G will invest $69 million to continue its Hospital Efficiency Program, Residential Multifamily Housing Efficiency Program and Direct Install Program and to begin a Smart Thermostat Program and Residential Data Analytics Program.
PSE&G’s Hospital Efficiency Program has upgraded 35 hospitals by installing energy conserving equipment. The Residential Multifamily Housing Program has served more than 13,000 individual apartments and the Direct Install Program has helped more than 1,500 government facilities, nonprofits and small businesses become more energy efficient. The two new programs will help residential customers save money on their home energy bills by encouraging the purchase of smart thermostats and by providing selected customers with personalized energy reports.
“Energy efficiency remains a huge missed opportunity for too many of our customers,” Courtney McCormick, PSE&G’s vice president of renewables and energy solutions, said in a press release. “So we are very happy that today’s BPU approval will allow us to help even more hospitals, apartment buildings, government facilities, nonprofits, small businesses and residential customers realize the benefits of energy efficiency to save energy and money while doing their part to reduce their impact on our environment.”
Estimates show that the approved investment amount will save enough electricity to power 9,000 average size homes annually and save enough natural gas to supply more than 7,000 homes each year.
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