PSE&G's Energy Efficiency Programs Are Now Projected to Save $484M and Avoid Approximately 1.6M Metric Tons of Carbon Emissions Annually
Over 97,000 Retail Appliance Rebates Provided and Approximately
NEWARK, N.J.,
Participating customers are projected to save a collective
For electric customers involved in these initiatives, projected savings exceed 2.1 million megawatt-hours of electricity annually, which is enough to power over 312,000
Additionally, PSE&G's commercial and industrial (C&I) energy efficiency programs have demonstrated significant impact. The PSE&G Small Business Direct Install Programvi has delivered collective annual savings of approximately
PSE&G also sponsors the Clean Energy Jobs Program, which aims to expand the state's clean energy workforce by enhancing economic opportunities for unemployed, underemployed and low/middle-income individuals. By focusing on recruitment from the communities we serve, the program has successfully placed over 2,500
PSE&G's commitment to excellence is underscored by its ongoing recognition. Since 2021, PSE&G's energy efficiency programs have earned over 50 awards, including the 2024 ENERGY STAR® Partner of the Year Award for Sustained Excellence. This award honors partners who have consistently demonstrated exceptional achievements in energy efficiency and have received the organization's Partner of the Year recognition for a minimum of two consecutive years.
For more information on PSE&G's energy efficiency programs, including how to participate, visit homeenergy.pseg.com for residential customers or bizsave.pseg.com for business customers.
PSE&G
Forward-Looking Statements
This release includes forward-looking statements, including but not limited to statements regarding anticipated or expected energy savings, cost saving and greenhouse gas emissions avoidance. There can be no assurance that such energy and costs savings and greenhouse gas emissions avoidance will be realized in the amounts described and / or in the timeframes anticipated. Such statements are based on management's beliefs as well as assumptions made by and information currently available to management but are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Factors that may cause actual results to differ include, without limitation: the ability to implement our energy efficiency business strategy, and customer adoption of our energy efficiency offerings. All forward-looking statements made in this release are qualified by these cautionary statements and readers are cautioned not to place undue reliance on these forward-looking statements The forward-looking statements contained in this Report are intended to qualify for the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
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i Retail bill savings are based on rate class averages for residential and small commercial customers.
ii Home energy audit includes: Home Performance with ENERGY STAR®(HPwES), Home Weatherization Program and Quick Home Energy Check-up (QHEC).
iii Based on the median annual consumption of PSE&G's residential customers.
iv Carbon dioxide savings for electricity are based on EPA eGRID marginal emission rates for the eastern RFC region.
v Vehicle equivalency is based on EPA conversion factors.
vi The PSE&G Small Business Direct Install Program is designed to deliver comprehensive, cost-effective, energy efficiency equipment for eligible PSE&G business customers, with 12-month individual facility electricity average peak demand usage of less than 200 kW.
vii Retail bill savings are based on rate class averages for small commercial customers.
viii Carbon dioxide savings for electricity are based on EPA eGRID marginal emission rates for the eastern RFC region.
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SOURCE PSE&G