Gov. Cuomo announces new energy efficient target

New York Gov. Andrew M. Cuomo recently announced a new 2025 energy efficiency target for the state, which would provide approximately one-third of the greenhouse gas emissions reductions needed to meet New York’s goal of a 40 percent reduction by 2030.

“Energy efficiency is the most cost-effective way for New Yorkers to lower utility bills, curb harmful emissions and battle climate change,” Gov. Cuomo said. “As the federal government abdicates its responsibility to safeguard our environment, we must continue our bold action to reduce emissions and protect all New Yorkers, today and in the future, from the devastating effects of climate change.”

The new target aims to achieve annual electric efficiency savings of three percent of investor-owned utility sales in 2025.

The plan incentivizes building developers, commercial and institutional building owners, and residential households to pursue building improvements to reduce energy consumption by 185 trillion British thermal units BTUs below 2025 forecasted energy use.

“Today’s announcement represents a big commitment to money-saving energy efficiency by Governor Cuomo,” Lisa Frantzis, senior vice president of Advanced Energy Economy (AEE) said. “It is inspiring to see New York take on energy efficiency with the same level of ambition the state has shown on renewable energy and utility transformation. The result will be savings for customers and jobs for New Yorkers making homes and businesses more energy efficient.”

The New York State Department of Public Service and the New York State Energy Research and Development Authority will now submit a white paper into the New York Public Service Commission (PSC) energy efficient proceeding to determine the mix of programs, policies, and regulations needed to reach the 2025 target while reducing consumer costs.

AEE noted that its industry members, as well as those of the Alliance for Clean Energy New York, will be active participants in the PSC energy efficiency proceeding.