Highly successful suite of energy efficiency programs help save
customers more than 2 million megawatt hours
PECO customers have reduced their electric use by more than 2 million
megawatt hours (MWh) with PECO Smart Ideas, the company’s highly
successful suite of energy efficiency programs for residential and
business customers. That’s about the same amount of electricity it takes
to power all of New York City for about two weeks, more than 186,000
typical homes for a year, or the entire Internet for about four days.
Since launching in 2009, PECO Smart Ideas has saved customers more than
$463 million through energy efficiency rebates, incentives and energy
savings on their monthly bill.
“Our customers are saving energy and money every day with PECO Smart
Ideas,” said Craig Adams, PECO president and CEO. “We look forward to
identifying even more programs and initiatives that transform how we use
PECO Smart Ideas offers many programs to help residential, business,
government, nonprofit and institutional customers save energy and
money. In total, PECO customers have received more than 438,000 rebates
for energy efficient actions. Specifically customers have:
Purchased more than 12 million discounted LED and CFL bulbs through
PECO Smart Lighting Discounts.
Received more than 7,200 in-home audits and assessments with PECO
Smart House Call.
Recycled nearly 55,000 refrigerators and freezers with PECO Smart
Received more than 7,400 rebates for equipment enhancements and
energy-efficient construction measures through PECO Smart Ideas for
Since 2009, PECO Smart Ideas has received 10 industry awards, including
three ENERGY STAR® Partner of the Year Awards.
PECO Smart Ideas is part of the company’s support of Pennsylvania’s
energy efficiency and demand response targets – Act 129. Act 129
required all Pennsylvania electric utilities to develop programs to help
customers reduce energy use by 1 percent by May 31, 2011 and 3 percent
by May 31, 2013. Act 129 also requires PECO customers to reduce their
energy usage by an additional 2.9 percent by May 31, 2016, and by an
additional 5 percent by 2021. PECO is currently working to develop new
programs and initiatives to help achieve this goal.
Based in Philadelphia, PECO is an electric and natural gas utility
subsidiary of Exelon Corporation (NYSE: EXC). PECO serves 1.6
million electric and more than 506,000 natural gas customers in
southeastern Pennsylvania and employs about 2,400 people in the region.
PECO delivered 89.9 billion cubic feet of natural gas and 37.5
billion kilowatt-hours of electricity in 2014. Founded in 1881,
PECO is one of the Greater Philadelphia Region's most active corporate
citizens, providing leadership, volunteer and financial support to
numerous arts and culture, education, environmental, economic
development and community programs and organizations. For more
information visit PECO.com,
and connect with the company on Facebook
If you are a member of the media and would like to receive PECO news
releases via e-mail please send your e-mail address to PECO.Communication@exeloncorp.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151006006672/en/
Copyright Business Wire 2015
Source: Business Wire
(October 6, 2015 - 1:06 PM EDT)
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