Feb. 7, 2013: Energy Efficiency Program Spending by Utilities Expected to Double by 2025
BERKELEY, Calif. — Spending on energy efficiency programs funded by electric and natural gas utility customers will double by 2025 to about $9.5 billion per year, according to projections published by researchers at Lawrence Berkeley National Laboratory (LBNL).
These funds, which come from a charge on utility bills, historically constitute the nation’s largest source of spending on programs to foster the adoption of more efficient products and buildings. According to the LBNL report, energy efficiency programs funded by utility customers are projected to continue expanding beyond the traditional bastions of energy efficiency in the Northeast and West.