By the year 2030, energy savings could be as high as 236 billion kilowatt hours.
An
assessment by the Electric Power Research Institute (EPRI), shows potential energy savings based on perfect consumer awareness and likely consumer behavior, funding barriers and the existing environmental barriers of the market and society. According to a report by the
U.S. Energy Information Administration, electricity consumption rate of growth can be reduced by a realistic 22% over the next 20 years, that is, if everything falls into place.
How can we make this happen?
All utilities, regulators, policymakers and stakeholder groups must be on board. Arshad Mansoor, Vice President of Power Delivery and Utilization for the EPRI, explains: "Estimates of energy efficiency potential affect forecasts of electricity demand, and electric utilities must make prudent investments in generation, transmission and distribution infrastructure to reliably and cost-effectively address this demand.”
Today's utilities, regulators and policymakers are working hard to meet a fast growing energy demand and ultimately lowering carbon footprints.
The Washington Post reports that utility companies and governments in the Washington area have already launched energy-efficiency campaigns, a movement that was popular in the '80s and '90s but lost steam during the recent era of deregulation. The mission of the group is to reduce carbon footprints, lower bills and relieve the area's reliance on foreign oil. According to the article, fficiency programs are on the rise, from California to Maryland. The federal government is set to help efficiency programs under President Obama's stimulus plan.
Now's the time to meet the future demand, by maximizing our energy efficiency.
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