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Consolidated Edison's System Energy Efficiency Plan for 2019-2025

Strategic Insights

— 2 min read

Consolidated Edison, a key player in New York's energy landscape, has submitted a comprehensive System Energy Efficiency Plan for 2019-2025. This plan is designed to support the state's ambitious clean energy objectives, including reducing greenhouse gas emissions and promoting energy efficiency. With an investment of over $1.7 billion, Con Edison aims to increase energy efficiency savings by 2025 and support the state's goals of reducing customer energy usage by 185 trillion British thermal units (TBtu) statewide by 2025.

Key Takeaways:

  • The Company will focus on deeper energy efficiency measures, clean heating electrification, and natural gas demand reduction to grow energy efficiency and support attainment of the State's clean energy objectives.
  • Con Edison plans to invest over $227 million to help customers install heat pumps in their homes and businesses by the end of 2025.
  • The Company will work to translate strategies that have been effective in reducing implementation costs in other areas to deeper energy efficiency measures.
  • Con Edison aims to reduce customers' use of natural gas, especially on peak days, by 270% during the 2019-2025 period.
  • The Company will focus on improving program implementation, fostering inclusion and stakeholder engagement, and mitigating the impacts of the COVID-19 pandemic on its energy efficiency programs.
  • Con Edison will launch expanded program offerings for low- and moderate-income customers, beginning in 2021, to support the State's goal of directing 35 percent of overall benefits of spending on clean energy and energy efficiency programs towards disadvantaged communities.

Statistics:

  • Con Edison will invest over $1.7 billion to increase its energy efficiency savings by 2025.
  • The Company aims to reduce customer energy usage by 185 TBtu statewide by 2025.
  • Con Edison plans to reduce natural gas sales by approximately 1.3 percent annually by 2025.
  • The Company will invest over $227 million to help customers install heat pumps in their homes and businesses by the end of 2025.
  • Con Edison will grow its natural gas energy efficiency programs by more than 270% during the 2019-2025 period.

Sources:

  • New York State Department of Public Service Staff's ("DPS Staff") Clean Energy CE:02 SEEP Guidance Document, September 1, 2020 (pg. 1)
  • The New York State Public Service Commission's (the "Commission") Order Adopting Accelerated Energy Efficiency Targets, (issued December 13, 2018) (pg. 13)
  • CLCPA is available at https://legislation.nysenate.gov/pdf/bills/2019/S6599 (pg. 2)
  • Case 18-M-0084, In the Matter of a Comprehensive Energy Efficiency Initiative, Order Authorizing Utility Energy Efficiency and Building Electrification Portfolios Through 2025, (issued January 16, 2020) (pg. 1)
  • Case 19-G-0066, Proceeding on Motion of the Commission as to the Rates, Charges, Rules and Regulations of Consolidated Edison Company of New York, Inc. for Gas Service, Proposal for Use of a Framework to Pursue Non-Pipeline Alternatives to Defer or Eliminate Capital Investment in Certain Traditional Natural Gas Distribution Infrastructure, (Filed September 14, 2020) (pg. 2)
  • The Statewide Low- and Moderate-Income Portfolio Implementation Plan (Statewide LMI Implementation Plan) (pg. 1)

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