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Colorado: Energy efficiency push could generate huge windfall and reduce the need for new power plants

Coal mining is so 19th century.

Study claims investments in energy efficiency show two-to-one return

By Summit Voice

SUMMIT COUNTY — While oil and gas companies push for development of new resources, yet another study makes it clear that conservation is an equally important factor in the energy equation.

An all-out energy efficiency effort could help Colorado utilities avoid spending nearly $7 billion constructing and operating power plants, and generate an economic windfall of $4.8 billion for the state, according to Howard Geller, director of the Southwest Energy Efficiency Project.

Geller’s organization this week published a new report outlining a step-by-step approach to realizing those savings, showing that every dollar invested in energy efficiency programs returns more than two dollars in savings on business and household utility bills in the southwest. The report is available, along with state-by-state findings, at www.20BillionBonanza.com. Continue reading

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