PSE&G energy efficiency programs projected to save $445M and avoid 1.5M metric tons of carbon emissions

Public Service Electric & Gas continues to make environmental and economic progress through its Clean Energy Future Efficiency Program, the company recently announced in its latest report.

PSE&G officials said the program, which serves approximately 1.8 million customers, had 360,000 taking action in 2023.

Company officials said the program is projected to have saved over 2 million megawatt hours of electricity annually, enough to power over 290,000 New Jersey homes per year. For natural gas customers, the program has saved approximately 52 million therms of natural gas annually, PSEG officials said.

Collectively, company officials said these efforts are estimated to avoid around 1.5 million metric tons of carbon dioxide emissions annually, roughly the same amount of emissions from 325,000 gasoline-powered cars on the road in a given year.

Economically, participating customers will save a collective $450 million per year on utility bills, the company estimates.

The various program initiatives to make this possible include 65,000 home energy assessments, and the residential purchase of 305,000 smart thermostats and 85,000 power strips through PSE&G Marketplace.

Karen Reif, vice president of renewables and energy solutions at PSE&G, said the company takes satisfaction of continuing efforts focused on saving money and energy in the state.

“We’re delighted with the ongoing strong results of our energy efficiency initiatives and proud to continue offering our customers energy-efficient options that save them energy and money,” she said. “Our efforts align with New Jersey’s clean energy goals, and we’re committed to working tirelessly to help individuals, businesses and the state achieve sustainability goals.”

PSE&G also sponsors the Clean Energy Jobs Program, dedicated to creating economic opportunities in the clean energy sector for unemployed, underemployed and low/middle-income individuals in New Jersey. To date, the program has facilitated the hiring of more than 2,400 New Jersey residents in clean energy jobs, the company said.