ComEd customers have saved a total of $4 billion on their electricity bills since the company introduced its program to help families and businesses save money and energy in 2008. That’s the equivalent of about $1,000 for each of ComEd’s four million customers – the amount a residential customer would spend in an entire year on their electricity bill, assuming the current average monthly residential bill of approximately $84.
Honda joined forces with AEP this week on a mission to give new life to used electric vehicle batteries and to expand EV integration into the power grid. Under the agreement, Honda will take used batteries from its short-lived Fit EV to AEP, which will study how best to integrate those systems into the electric grid. For the Ohio-based utility, it is the latest investigation into the implications of large-scale electrification, as it works to identify the best way to support the emerging mobility system.
Southern California Edison on Monday rolled out a program designed to advance the electrification of medium- and heavy-duty vehicles, including buses and tractor trailers, by offering to install infrastructure to support charging stations at no charge. Rebates for charging station equipment will also be available to some customers as well, including transit agencies and school bus operators. The program has a budget of about $356 million.
Xcel Energy will keep one of its nuclear power plants in Minnesota humming for at least another two decades as part of a wide plan to shut down its two remaining coal plants ahead of schedule and transition to a 100-percent carbon-free fuel mix by 2050. Xcel, along with a cadre of environmental organizations and leaders of one of its key labor unions, announced the proposals May 20, vowing to decommission the two coal plants by 2030.
The leaders of 13 Fortune 500 companies have launched a new initiative calling for action on climate change, including lobbying lawmakers to develop an economy-wide price on carbon. The CEO Climate Dialogue says it aims to build bipartisan support for climate policies that address climate risk, increase regulatory and business certainty and spur investment “to meet science-based emissions reduction targets.”
The Omaha Public Power District is launching a pilot program aimed at expanding the public power utility’s energy efficiency program among its low-income customers. The pilot project is a redesign of OPPD’s Smart Steps low-income energy efficiency program. Through a revamped program, OPPD hopes to reach segments of the low-income population the utility hasn’t reached before. Among the changes, the pilot effort is open to households with income of up to double the federal poverty level, an increase from 150 percent.
Sales of gasoline and diesel vehicles will continue to fall throughout the world as electric vehicles increasingly claim a bigger share of the global market for passenger cars, buses and light commercial vehicles, as well as a significant share of the international market for short-distance trucks and vans. These findings are part of the latest report by Bloomberg New Energy Finance (BNEF). “Our conclusions are stark for fossil fuel use in road transport,” said Colin McKerracher, head of advanced transport for BNEF.
Wood Mackenzie Power & Renewables and the Solar Energy Industries Association recently announced that the United States has surpassed more than two million solar PV installations. The United States surpassed one million solar installations in 2016. Wood Mackenzie forecasts that the United States will have three million installations in 2021 and four million in 2023. “According to our latest forecasts, by 2024, there will be on average, one solar installation per minute,” Michelle Davis, a senior solar analyst with Wood Mackenzie, said.
SECC is a nonprofit organization that works to learn the wants and needs of energy consumers in North America, encourages the collaborative sharing of best practices in consumer engagement among industry stakeholders, and educates the public about the benefits of smart energy technology.