Before the current mandated statewide program, the cost of our energy efficiency program was 4.7 cents per kilowatt hour, resulting in a savings of about 7.8 cents per kilowatt hour. Now that is cost-effective energy efficiency.
By comparison, under current statewide energy efficiency programs, it costs I&M and its customers about 15 cents to save about 8 cents per kilowatt hour. Those costs are added to customers’ bills and are expected to increase substantially over the next several years.
I&M believes energy efficiency is important, and we can do it in a way that does not require spending 15 cents to save 8 cents.
Whatever happens with the current statewide program, I&M will continue to seek ways to make energy use more efficient. For example, we will continue to encourage residential homeowners to use LED bulbs.
For commercial and industrial customers, we will continue to help lower the cost of lighting equipment that will reduce the customer’s energy usage month after month and year after year.
We’re also promoting energy efficiency in the way we deliver electricity to our customers. This year, I&M began a multiyear Electric Energy Consumption Optimization Program that has been proven to help our customers use less energy.
Our customers should rest assured that now and in the future, I&M will seek to help our customers use energy more efficiently.