Xcel Energy proposes updates to program that has saved enough energy to power 1 million homes

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Xcel Energy proposes updates to program that has saved enough energy to power 1 million homes

June 2, 2016

MINNEAPOLIS – Imagine if a company paid its customers to use less of its product. Xcel Energy’s proposed energy efficiency plan, which it submitted to the Minnesota Department of Commerce’s Division of Energy Resources on June 1, builds on an industry-leading track record to do just that.

The 2017-2019 Conservation Improvement Program (CIP) Triennial Plan details the programs Xcel Energy will implement over the filing period, and includes extending several successful programs for electricity and natural gas conservation, as well as new programs for the filing period.

Energy companies around the country use energy efficiency programs, such as rebates and incentives, to help their customers save money on their bills and use less electricity and gas.

Since 1992, Xcel Energy’s programs have saved customers approximately 7.8 million MegaWatt hours (MWh) of electricity in Minnesota. According to the EPA’s Greenhouse Gas Equivalancies Calculator, that’s enough energy to power one millions homes, enabling Xcel Energy to avoid building 12 medium sized power plants.

“Our conservation programs give customers a variety of options to save money on their monthly bills and reduce their carbon footprint,” said Dan Nygaard, vice president, customer solutions, Xcel Energy “It’s as easy as picking up discounted LED bulbs at local retailers or choosing energy efficient equipment and having the installer fill out the rebate paperwork.”

New programs proposed this year will extend the available offerings to areas that have been harder to reach, such as apartment building owners and facility managers of large commercial buildings.

“Often, the tenants in apartment buildings pay the bills but the building owner is responsible for the appliances and heating or cooling systems. We think by reaching the owners, we can help save energy, while also helping the tenants save money,” said Nygaard.

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