Investing.com
Published Apr 04, 2024 14:50
Participants in Energy Efficiency Initiatives Expected to Save Nearly 2M Megawatt Hours of Electricity Each Year”Enough to Power More Than 290,000 Homes
NEWARK, N.J.,
Participating customers are projected to save a collective
PSE&G's energy efficiency programs are delivering significant benefits to participants. For electric customers involved in these initiatives, projected savings exceed 2 million megawatt-hours of electricity annually, enough to power over 290,000
Moreover, PSE&G's commercial and industrial (C&I)[vi] energy efficiency programs have yielded impressive results. Specifically, the PSE&G Small Business Direct Install Program has generated collective annual savings of around
In addition to these achievements, PSE&G proudly 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
PSE&G continues to be recognized for its achievements. 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, which is presented to partners who have already received the organization's Partner of the Year recognition for a minimum of two consecutive years.
For more information on PSE&G's energy efficiency programs, including how to participate, visit homeenergy.pseg.com for residential customers or bizsave.pseg.com for business customers.
PSE&G
Public Service Electric & Gas Co. is
Forward-Looking Statements
This release includes forward-looking statements, including but not limited to statements regarding anticipated or expected energy savings, cost saving and greenhouse gas emissions avoidance. There can be no assurance that such energy and costs savings and greenhouse gas emissions avoidance will be realized in the amounts described and / or in the timeframes anticipated. Such statements are based on management's beliefs as well as assumptions made by and information currently available to management but are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Factors that may cause actual results to differ include, without limitation: [the ability to implement our energy efficiency business strategy, and customer adoption of our energy efficiency offerings.] All forward-looking statements made in this release are qualified by these cautionary statements and readers are cautioned not to place undue reliance on these forward-looking statements The forward-looking statements contained in this Report are intended to qualify for the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Visit PSEG at:
www.pseg.com
PSEG on Facebook (NASDAQ:META)
PSEG on LinkedIn
[i] Retail bill savings are based on rate class averages for residential and small commercial customers
[ii] Home energy audit includes: Home Performance with ENERGY STAR ®(HPwES), Home Weatherization Program and Quick Home Energy Check-up (QHEC)
[iii] Based on the median annual consumption of PSE&G's residential customers
[iv] Carbon dioxide savings for electricity are based on EPA eGRID marginal emission rates for the eastern RFC region
[v] Vehicle equivalency is based on EPA conversion factors
[vi] The PSE&G Small Business Direct Install Program is designed to deliver comprehensive, cost-effective, energy efficiency equipment for eligible PSE&G business customers, with 12-month individual facility electricity average peak demand usage of less than 200 kW.
[vii] Retail bill savings are based on rate class averages for small commercial customers
[viii] Carbon dioxide savings for electricity are based on EPA eGRID marginal emission rates for the eastern RFC region
[ix] Vehicle equivalency is based on EPA conversion factors
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.