Innovative Plan to Help PECO Customers Save More Energy and Money
November 30 2015 - 3:45PM
Business Wire
Company files plan outlining new, enhanced
energy efficiency and demand response programs
PECO filed a plan today with the Pennsylvania Public Utility
Commission (PUC) outlining new innovative energy efficiency
programs to help customers save even more energy and money. The
programs are part of PECO Smart Ideas, the company’s award-winning
suite of energy efficiency and demand response programs for
residential and business customers. Following PUC review and
approval, the programs would be available beginning June, 2016.
In addition to the existing PECO Smart Ideas programs that
include rebates for high-efficiency appliances, discounts on
energy-efficient lighting and more, PECO’s new programs include
enhanced online tools to provide customers more ways to track how
they use energy. The plan also includes a new program that would
provide a bill credit to customers using advanced in-home devices,
including responsive thermostats, to manage their air conditioning
during times of high energy use.
“We are transforming the future of energy for our customers, and
these innovative programs are part of that effort,” said Liz
Murphy, PECO vice president of Governmental and External Affairs.
“Our highly successful programs coupled with these new
technology-driven programs will be the perfect combination to drive
energy efficiency for our customers.”
Since launching in 2009, more than 600,000 customers have
participated in PECO Smart Ideas, reducing energy use by more than
2 million megawatt hours (MWh) and saving more than $477 million
through energy efficiency rebates, incentives and energy savings on
their monthly bill.
These savings make PECO Smart Ideas the largest utility-run
energy efficiency and demand response suite of programs in
Pennsylvania and are part of Pennsylvania Act 129. The third phase
of Act 129 is designed to reduce overall customer energy use by 5
percent – or 1,962,659 MWh by May 31, 2021, and will help reduce
customer demand for energy by 161 MW during high-use periods. The
company’s filing is expected to be reviewed by the PUC by March
2016. To view PECO’s filing visit peco.com. To learn more
about ways to save energy and money visit peco.com/smartideas or
call 1-888-5-PECO-SAVE.
Based in Philadelphia, PECO is an electric and natural gas
utility subsidiary of Exelon Corporation (NYSE: EXC). The
company’s 2,400 dedicated employees provide advanced, innovative
energy solutions to 1.6 million electric and more than 506,000
natural gas customers in southeastern Pennsylvania. In 2014
PECO delivered 89.9 billion cubic feet of natural gas and 37.5
billion kilowatt-hours of electricity and had an estimated economic
impact of $4.5 billion in Pennsylvania, supporting more than 9,600
local jobs and producing $760 million in labor income. Founded in
1881, PECO is one of the Greater Philadelphia Region's most active
corporate citizens, providing leadership, volunteer and financial
support to numerous arts and culture, education, environmental,
economic development and community programs and organizations. For
more information visit PECO.com, and connect with the company on
Facebook and Twitter.
If you are a member of the media and would like to receive PECO
news releases via e-mail please send your e-mail address to
PECO.Communication@exeloncorp.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20151130006334/en/
PECOBen Armstrong,
215-841-5555benjamin.armstrong@exeloncorp.com
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