New York Extends Energy Efficiency and Research Program for Five More Years
According to an announcement from the International Facility Management Association, the New York State Public Service Commission (PSC) voted unanimously to approve a five year extension of a statewide energy efficiency and research program. The program will promote energy efficient techniques and products, which increases the effectiveness of demand response programs.
Given the benefits of the program since that time, the Commission voted to increase the funding level for the nationally recognized System Benefits Charge (SBC) program from $150 million to $175 million.
“There is little debate as to the energy, economic and environmental benefits produced by the SBC programs. New York’s energy efficiency and research programs are recognized as being among the most effective programs in the nation because they produce results,” said William Flynn, chairman of the PSC.
The programs have lowered annual energy bills for participants by nearly $230 million and reduced the statewide peak demand for electricity by 1,000 megawatts – enough power for as many as one million homes.
Click here to read this full press release.
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