Program Savings and Benefits
New Jersey's Clean Energy Program produces significant energy bill reductions for the state's consumers. Over the years, New Jersey's Clean Energy Program has included energy conservation programs in the mid-'80s to the mandatory Demand-Side Management (DSM) programs to the Standard Offer programs. For 2001 through 2008, program activities have resulted in lifetime energy savings of over 22.6 million MWh of electricity; 70 million dekatherms of natural gas; 7.5 million MWh of renewable generation, and 1.5 million MWh of distributed generation from combined heat and power systems. Additional information is available from the 2008 NJCEP Report.
The table below shows the average cost of savings for New Jersey's Clean Energy Program, which is significantly below the cost that would have been incurred to generate or purchase an equivalent amount of electricity or natural gas.
| Program Cost per kWh saved in 2008 | |||
|
Program Cost
|
Lifetime Savings/Generation from Measures Installed in 2008
|
Average Cost of Savings per kWh
|
Average Retail Price
|
|
$147,550,000
|
9,312,162,649
|
$0.02
|
$0.13
|
| The Overall Customer Bill Reductions Resulting from the NJ Clean Energy Program | |||
|
Annual Energy Savings - Generation for 2008 Measures
|
Lifetime Energy Savings - Generation for 2008 Measures
|
Cumulative Lifetime Energy Savings - Generation for 2001 through 2008
|
|
| Electricity (kWh) |
577,091,000
|
6,800,080,000
|
31,527,833,000
|
| Natural Gas (therms) |
4,897,240
|
85,712,260
|
703,847,550
|
|
Annual Bill Reductions to NJ Energy Customers
|
Lifetime Bill Reductions to NJ Energy Customers
|
Cumulative Bill Reductions to NJ Energy Customers
|
|
| Electricity @ $0.13 kWh |
$75,021,830
|
$884,010,400
|
$4,098,618,290
|
| Natural Gas @ $1.30/therm |
6,366,412
|
111,425,938
|
915,001,815
|
| Total Customer Bill Reductions |
$81,388,242
|
$995,436,338
|
$5,013,620,105
|
The savings identified in the chart below accrue to New Jersey residences and businesses that installed energy efficiency or renewable energy measures in 2008. The energy savings produced by these measures also produce savings on infrastructure costs, reduce congestion on transmission and distribution lines, and increase reliability. The customer bill reductions in the table above do not include the avoided environmental costs of the reductions in air emissions, wastewater discharges, and waste generated.
Summary of energy savings that resulted from the energy efficiency programs implemented in 2008:
| Savings from 2008 Energy Efficiency Programs | |||
|
Actual
|
Committed
|
Total
|
|
| Annual Savings from Measures Installed or Committed in 2008 | |||
| kWh |
335,001,000
|
70,462,000
|
405,462,000
|
| kW |
40,665
|
43,811
|
84,476
|
| Therms |
4,897,240
|
17,850,740
|
22,747,980
|
| Lifetime Savings from Measures Installed or Committed in 2008 | |||
| kWh |
3,160,279,000
|
1,100,935,000
|
4,261,212,000
|
| Therms |
85,712,226
|
221,371,410
|
307,083,670
|
| Cumulative Lifetime Savings from Measures Installed or Committed (2001-2008) | |||
| kWh |
22,618,483,000
|
NA
|
22,618,483,000
|
| Therms |
663,297,590
|
NA
|
633,297,590
|
Summary of renewable energy generation that resulted from the renewable energy programs implemented in 2008:
| Electric Generation from 2008 Renewable Energy Programs | |||
|
Actual
|
Committed
|
Total
|
|
| Annual Renewable Electric Generation from Measures Installed or Committed to in 2008 | |||
| kWh |
232,976,000
|
72,974,000
|
305,950,000
|
| kW |
51,905
|
55,052
|
106,957
|
| Lifetime Savings from Measures Installed or Committed 2008 | |||
| kWh |
3,530,437,000
|
1,459,488,000
|
4,989,925,000
|
| Cumulative Lifetime Savings from Measures Installed or Committed to (2001-2008) | |||
| kWh |
7,450,224,000
|
NA
|
7,450,224,000
|
Summary of generation that resulted from combined heat and power systems installed or committed to in 2008:
| Electric Generation from 2008 Combined Heat and Power (CHP) Program | |||
|
Actual
|
Committed
|
Total
|
|
| Annual Electric Generation from CHP Systems Installed or Committed to in 2008 | |||
| kWh |
9,114,000
|
90,800,000
|
99,914,000
|
| kW |
1,276
|
11,365
|
12,641
|
| Lifetime Savings from CHP Systems Installed or Committed to in 2008 | |||
| kWh |
109,364,000
|
3,705,353,000
|
3,814,717,000
|
| Cumulative Lifetime Savings from CHP Systems Installed or Committed to (2005-2008) | |||
| kWh |
1,459,126,000
|
NA
|
1,459,126,000
|





