PSE&G details energy efficiency achievements in new report

New Jersey utility PSE&G released a report last week on its Clean Energy Future Energy Efficiency (CEF-EE) program.

Since the program launched, approximately 1.8 million customers have benefited from PSE&G’s energy-saving tools, while 360,000 have used PSE&G’s suite of energy efficiency programs to save money. Also, 65,000 have done home energy assessments. Further, 305,000 residential customers have purchased smart thermostats while 85,000 have bought power strips through PSE&G Marketplace, using rebates offered for these items.

Overall, participating customers are projected to save a collective $445 million annually on their utility bills thanks to various program initiatives. Electric customers involved in these initiatives are projected to save more than 2 million megawatt-hours of electricity annually, while natural gas customers are expected to save approximately 52 million therms of natural gas annually.

Together, these efforts are estimated to avoid about 1.5 million metric tons of carbon dioxide emissions annually, roughly equivalent to the emissions from 325,000 gasoline-powered cars on the road for a year.

Also, the PSE&G Small Business Direct Install Program has generated collective annual savings of around $10.5 million for participating business customers on their utility bills. This program is also projected to result in savings of 43 thousand megawatt-hours of electricity per year, along with anticipated natural gas savings of approximately 2 million therms annually. Collectively, the energy savings from these commercial and industrial (C&I) initiatives are expected to avoid approximately 37 thousand metric tons of carbon dioxide emissions each year.

“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. 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,” Karen Reif, vice president of Renewables and Energy Solutions, PSE&G, said.

In addition, PSE&G 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.

Since 2021, PSE&G’s energy efficiency programs have earned nearly 50 awards, including, most recently, the 2024 ENERGY STAR Partner of the Year Award for Sustained Excellence.