For Every Dollar Michigan Spends on Energy-Saving Programs, Customers Save 3.75

Image: The Presque Isle Power Plant near Marquette, Michigan. (photo: Superior Watershed Partnership)

readersupportednews.org - November 29th, 2014

Michigan regulators say residential and business customers are benefiting from a state law that requires utilities to implement energy-efficiency programs.

The state Public Service Commission this week issued a report showing that "energy optimization" savings in 2013 were over target. The targets were established under a 2008 rewrite of Michigan's energy law.

PSC Chairman John Quackenbush says for every dollar spent on energy efficiency programs, customers see $3.75 in savings. Statewide funding for such programs was $253 million in 2013, which regulators say will result in $948 million in savings over the lifetime of measures installed.

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