. Energy efficiency initiatives and markets could reduce electricity consumption by 25-30% over the next 20-25 years, according to a recent report from the American Council for an Energy-Efficient Economy (ACEEE). But energy efficiency markets have been developed in only a handful of states. These are some of the observations contained in an analysis of significant provisions of pending federal energy legislation by Dr. Paul MacGregor, Senior Vice President for Clean Energy Markets of energy software and services provider Nexant, Inc. The analysis also addresses Renewable Portfolio Standards (RPS) that require utilities to meet renewable energy goals, examples of how well energy efficiency initiatives can perform and how a transition from state-level energy efficiency markets to a national market could provide substantial environmental benefits and cost savings.
Quick Take: This assessment underscores the importance of energy efficiency in the Smart Grid effort and outlines how these markets can help the country achieve its goals for a future of clean, affordable energy. It's not just about the technology.
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