In the Energy Efficiency Assessment report, issued on Tuesday, the Empire State provided interesting information from the studies conducted into a sustainable future.
The plan proposes energy efficiency for commerce and industry along with a new state building code. Not only will this bring environmental benefits but the saving makes it a “must do”, as the return on investment in energy efficiency is substantial – to quote the report:
“Programs that would capture this achievable potential would cost $7.2 billion in 2008 dollars over seven years, or an approximate average annual program portfolio budget of $1.0 billion. Net benefits to the New York economy would total $12.8 billion, including $20.8 billion in total state wide benefits and $8.0 billion in societal costs. The benefit-cost ratio of the electric efficiency measures is estimated to be 2.60, which means that the New York economy would capture approximately $2.60 in benefits for every dollar invested in efficiency.”
The report also shows how commerce has the greatest potential for energy saving and highlighted the main areas that can be adjusted, again to quote the report:
“The end uses with the greatest efficiency potential for the commercial sector are indoor lighting, cooling, ventilation, and refrigeration......Finally, for the industrial sector, the greatest efficiency savings opportunities are in industrial process end-uses and indoor lighting.”
This is interesting for all Enigin Distributors, the efficiencies can be made in areas where Enigin’s products provide the best options, iMEC, LESS, CUES and ACES.
The report also focuses on the importance of the Eniscope, not that it mentions the Eniscope but it did report on the importance of advance and real-time metering to supply end-users with energy consumption feed-back, the report states:
“By enabling customers to receive information regarding system costs in real time and to take actions to respond to higher electricity peak prices, AMI (Advance Metering Infrastructure) has the potential to reduce peak demands. In addition, the ability to monitor customer usage would improve a utility’s ability to measure the actual effects of energy efficiency measures.”
I hope New York State will be able to put these recommendations into practice and provide not just a national lead but an international one as well, with many businesses turning to Enigin and our products.