April 7 -- An important new federal study confirms that saving energy is far less expensive than generating power in a power plant. It also shows that here in the Midwest, energy efficiency programs are succeeding at delivering energy savings at rock-bottom costs, translating into lower customer bill savings as we eliminate the need for building new power plants.
Specifically, the study reports a national average levelized cost of implementing utility energy efficiency programs of about 2 cents per kilowatt hour – compared to the range of 6 to 15 cents per kwh that it would cost to build new power plants. However, in the Midwest that average cost of saved energy was just 1.4 cents per kwh, which is just a quarter of the cost of the least expensive new power plant options. >>View Article