PSEG Says Its ‘Energy Efficiency’ Programs Are Working In New Jersey

NEWARK, NJ — One of the largest power companies in the nation continues to report success with its latest “energy efficiency” efforts in New Jersey.

PSE&G, which has a headquarters in Newark, gave an update on its Clean Energy Future Energy Efficiency initiatives earlier this month.

Under the Energy Efficiency initiative approved by the New Jersey Board of Public Utilities, PSE&G is investing $1 billion to help customers cut household energy use, hopefully leading to “meaningful improvements in air quality and public health” and reductions in the state’s carbon footprint.

According to the utility company, it has seen “significant accomplishments” on this front in 2023:

“For electric customers involved in these initiatives, projected savings exceed 2 million megawatt-hours of electricity annually, enough to power over 290,000 New Jersey homes each year. Additionally, participating natural gas customers are expected to save approximately 52 million therms of natural gas annually. Together, these efforts are estimated to avoid about 1.5 million metric tons of carbon dioxide emissions annually, roughly equivalent to the emissions from 325,000 gasoline-powered cars on the road for a year.”

PSE&G’s commercial and industrial energy efficiency programs also yielded “impressive results,” the company reported:

“Specifically, the PSE&G Small Business Direct Install Program has generated collective annual savings of around $10.5 million for participating business customers on their utility bills. This program is also projected to result in savings of 43 thousand megawatt-hours of electricity per year, along with anticipated natural gas savings of approximately 2 million therms annually for participating electric and/or gas business customers. Collectively, the energy savings from these C&I initiatives are expected to avoid approximately 37 thousand metric tons of carbon dioxide emissions each year, or roughly the equivalent emissions of 8,000 gasoline-powered cars on the road for one year.”

One tactic that has contributed to this success? Providing nearly 65,000 free “home energy assessments” to its customers, PSE&G says. Read More: PSEG Has Given Free 'Energy Checkups' To Thousands Of Homeowners

For more information on PSE&G’s energy efficiency programs, including how to participate, visit homeenergy.pseg.com for residential customers or bizsave.pseg.com for business customers.

• See Related: PSEG Asks NJ Regulators To Approve $306M Investment In Clean Energy
• See Related: PSEG To Sell $2 Billion 'Fossil Generating Portfolio'

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