PSE&G’s energy efficiency programs are projected to save $484M

Public Service Electric & Gas announced its latest report on its Clean Energy Future Energy Efficiency initiatives shows a continuation of positive results from its energy programs through March 31, with over 380,000 customers who have taken action to save energy and money through PSE&G’s suite of energy efficiency programs.

Customers are projected to save a collective $484 million annually on utility bills through various program initiatives, including approximately 70,000 home energy assessments, as well as the sale of about 306,000 smart thermostats and 95,000 power strips through PSE&G Marketplace.

Additionally, the program provided over 97,000 retail appliance rebates for energy-efficient electric appliances, which has helped to reduce energy consumption and greenhouse gas emissions.

For electric customers involved in these initiatives, projected savings exceed 2.1 million megawatt-hours of electricity annually, which is enough to power over 312,000 New Jersey homes each year. Additionally, participating natural gas customers are expected to save approximately 57 million therms of natural gas annually. Collectively, these efforts are estimated to avoid about 1.6 million metric tons of carbon dioxide emissions annually.

“We are pleased with the steady progress of our energy efficiency programs; our initiatives are making a measurable difference, allowing customers to lower both their utility bills and energy usage, which in turn supports New Jersey’s clean energy objectives,” Karen Reif, vice president of renewables and energy solutions, PSE&G, said.

PSE&G also sponsors the Clean Energy Jobs Program, which aims to expand the state’s clean energy workforce by enhancing economic opportunities for unemployed, underemployed and low- and middle-income individuals. By focusing on recruitment from the communities we serve, the program has successfully placed over 2,500 New Jersey residents in clean energy jobs, contributing to the state’s clean energy objectives while promoting local job growth.