January 22 2009 / by Garry Golden / In association with Future Blogger.net
Category: Energy Year: Beyond Rating: 2
There is a saying in the energy industry that 'the cheapest power plant is the one you don't have to build'.
The alternative to focusing on the 'supply' side of finding new sources of clean electricity, is to reduce the demand side of energy use.
There are many ways to be more efficient through better products (e.g. light bulbs, refrigeration), services (e.g. Smart Grid managment) and integration of new energy systems (e.g. energy storage, onsite power generation). And there are hundreds of companies that provide energy management solutions to homes and commercial businesses. But until recently we have not had an updated industry level forecast of how much energy could be saved given the right leadership and regulatory framework for utilities.
Looking ahead to 2030
A new study from the Electric Power Research Institute (EPRI) suggests that efficiency gains could reduce the rate of growth for US electricity consumption by 22% between 2008 and 2030. 'The potential energy savings in 2030 would be 236 billion kilowatt hours, equivalent to the annual electricity consumption of 14 New York Cities.'
The EPRI study uses a growth rate baseline of 1.07% based on projections set by the U.S. Energy Information Administration's 2008 Annual Energy Outlook (AEO 2008).
EPRI believes that with strong political leadership and regulatory changes electricity consumption in the U.S. residential, commercial, and industrial sectors could be reduced to an annual rate of 0.83% between 2008 through 2030. Under the most 'ideal' conditions that rate could be lowered to 0.68% per year.
Read more: Assessment of Achievable Savings Potential From Energy Efficiency and Demand Response in the U.S (Executive Summary)