GLRPPR Sector Resource: Ohio's Energy Efficiency Resource Standard: Impacts on the Ohio Wholesale Electricity Market and Benefits to the State
Ohio's Energy Efficiency Resource Standard: Impacts on the Ohio Wholesale Electricity Market and Benefits to the State
Energy efficiency is still the lowest-cost energy resource to meet burgeoning demand and can be deployed much more quickly than new capacity can be constructed. While natural gas prices have reached historically low levels and an abundance of shale gas has been discovered in the Marcellus Formation, neither of these phenomena preclude the need for investments in energy efficiency. The value proposition to businesses and manufacturers, participants and non-participants alike, is unequivocal: energy efficiency reduces customer
energy costs, both directly through facility efficiency improvements and through downward pressure on market energy prices. Energy efficiency also reduces risks associated with volatile energy markets and, ultimately, enhances the competitiveness of Ohio's businesses.
Ohio Manufacturers Association; American Council for an Energy Efficient Economy
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