Efficiency Vermont Exceeds Goals

Efficiency Vermont, a member of the Addison County Economic Development Corporation (ACEDC),  exceeded energy savings goals, provided highly rated customer support, and increased operational efficiencies in its most recent 3 year performance period. 

Efficiency VT will request that $193,000 that it saved in its three-year budget be used to reduce future energy efficiency charges on customer electric utility bills.

Efficiency VT earned high marks from customers who interact with the utility with regards to their energy concerns and questions. According to survey data collected from customers, 90.8% of respondents said they were “satisfied” or “very satisfied” with the support they received when they called Efficiency VT.

In addition to high customer satisfaction, Efficiency Vermont also exceeded its goals for the 2015-2017 period, out-performing in 8 out of the 9 goals established by the Vermont Public Utility Commission (PUC) to drive more energy savings as well as associated benefits to the environment and economy. Efficiency VT exceeded its total electricity savings goal by 22% for a total of 392,000 MWh. This equates to enough electricity to power 40,888 homes for one year.

Efficiency VT also exceeded the PUC’s summer peak demand reduction goal of 41,300 kilowatts, reducing the peak by 45,617 kW – 10% more than the goal. Summer peak is the period when electricity demand is the highest, and is the level for which new infrastructure improvements are planned.

2017 Highlights

Efficiency VT reported its results for the final year of the 2015-2017 triennial performance period by filing its 2017 Savings Claim Summary with the PUC in April. Highlights from Efficiency VT’s work in 2017 include:

Business customers:

  • 15,500 business served
  • More than $107 million in savings over the lifetime of their 2017 energy efficiency improvements

Residential customers:

  • 106,400 households served
  • More than $80 million in energy savings of over the lifetime of their 2017 energy efficiency improvements
  • $6.7 million in lifetime savings for low-income Vermonters

Partners Efficiency VT worked with in 2017:

  • 801 equipment suppliers
  • 313 retailers
  • 918 contractor companies
  • 148 building design firms

System benefits:

  • 16.6% of VT’s 2017 electric needs met by energy efficiency
  • Cost of saving electricity through energy efficiency was 3.5 cents per kilowatt-hour (kWh) in 2017, compared with 8.5 cents per kWh to supply electricity
  • Cost of saving fossil fuel through energy efficiency was $16.25 per MMBtu in 2017, compared to $18.31 per MMBtu to supply fossil fuel

Environmental benefit:
842,293 US tons of carbon dioxide emissions avoided over the lifetime of the energy efficiency improvements made in 2017 – the equivalent of removing 163,642 passenger cars from the road for one year