The American Council for an Energy Efficient Economy (www.aceee.org) recently published a report showing massive savings to Midwesterners if the region were to prioritize energy efficiency in homes and in businesses for electric and heat bills. Indiana, alone, would reap many benefits.
The savings depicted below are for each year. The total savings (excluding inflation) in 15 years would be approximately $12 billion. Savings are realized due to reduced usage of electricity and natural and driving down the commodity price of natural gas. Energy efficiency on the electric side also reduces the use of natural gas because many new power plants are natural gas-fired.
If the program would have begun in 2005, Hoosiers would have saved $493 million in 2006. In 2010, Hoosiers would save $518 million; in 2015 over $1 billion.
It would take about $148 million per year to achieve the $12 billion in savings. Over a period of 15 years, that amounts to about $2.2 billion. One coal gasification plant will cost more than $1 billion.
To read the full report by the ACEEE, follow this link: http://www.aceee.org/pubs/u051full.pdf
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