Eversource ranks in top five for energy efficiency
Eversource Connecticut is considered among the country’s most energy-efficient utility companies, according to a study published this week.
Eversource Connecticut tied for fourth in a study examining the nation’s 51 largest electric utilities. The scorecard is intended to help the companies and regulators create a baseline and track performance to become more energy efficient.
“It’s very exciting,” said Mitch Gross, an Eversource spokesman. “To be among the top the first time out is a tremendous endorsement.”
Companies are scored on 18 areas across three categories and can receive a maximum 50 points. The topics cover performance, program diversity and emerging areas, and regulatory issues.
“All the utilities in the top 10 show a clear commitment to energy efficiency, with high energy savings achievement and leadership across a breadth of programs and metrics,” the 113-page study concludes. “This commitment indicates the importance of this resource to utilities and the benefits it provides to customers.”
Eversource CT earned full points on several metrics, including emerging areas and program diversity. It offers 20 different energy-efficient programs through Energize Connecticut, a partnership with energy providers and different governmental agencies.
The study was overseen by the the American Council for an Energy-Efficient Economy, a nonprofit started in 1980 to promote energy-efficient policies, programs, technologies, investments and behaviors.
The study states these programs help contribute to greater energy savings and often become standard practice.
Eversource CT also received full marks in time-of-use rates, data access, measurement and verification, the utility business model, and low-income programs.
“The existence of programs directed at low-income customers is important because it signals customer equity in program offerings,” the study states.
Eversource CT only placed out of the top 15 in three areas, including electric vehicles. While it placed 28th for achieving its 2015 energy target, the company in fact exceeded its target but not by as much as other companies.
It ranked last in residential rates at $19.25, compared to an average of $8.65.
“Unfortunately, energy prices are what they are in Connecticut and New England,” Gross said, adding there are a number of factors that contribute to the price including where power is purchased.
While the scorecard doesn’t examine state regulations, the report acknowledges that nine of the top 10 utilities are in states that are also in the top 10 of the council’s 2016 State Energy Efficiency Scorecard. Connecticut tied for fifth in that report. The study also says utilities have a strong influence on regulators and policy makers.