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Pennsylvania weighs legislation that could deliver +30K jobs
By Annie Gilleo, Senior Manager, State Policy
Pending bipartisan legislation in Pennsylvania could unlock 30,000 jobs and about $6.4 billion in net savings by removing barriers to energy efficiency investment, according to ACEEE analysis released today.
The House and Senate bills would remove the caps on efficiency spending included in Act 129, which Pennsylvania lawmakers passed in 2008 to set savings targets for electric utilities. Those targets delivered significant energy savings to businesses and residents. But because of the spending caps, the savings remain below the potential levels identified by statewide evaluators, and below savings achieved in neighboring Maryland, Ohio, and New York.
ACEEE, building on prior research by Synapse Energy Economics, Inc., assessed the economic impacts of removing the investment cap, which Senate Bill 232 and House Bill 193 — if passed — would do. We compared the impacts of slowly ramping up electricity savings over five years beginning in 2021 to a base scenario in which utilities continue to implement efficiency programs at current spending-constrained levels...
To read the report, visit: http://www2.aceee.org/e/310911/e-paper-lifting-the-cap-040419/7t7pzf/332163150?h=0LeFU9eI0Ir4-ecSPyqnyBkwESSfBZVgCxuo5_gYpfo
To continue reading the blog post, visit: http://www2.aceee.org/e/310911/vania-weighs-legislation-could/7t7pzt/332163150?h=0LeFU9eI0Ir4-ecSPyqnyBkwESSfBZVgCxuo5_gYpfo
About ACEEE: The American Council for an Energy-Efficient Economy acts as a catalyst to advance energy efficiency policies, programs, technologies, investments, and behaviors. For information about ACEEE and its programs, publications, and conferences, visit aceee.org