DENVER -- The landmark energy program which was put in place in 2007 by the State Legislature, is in danger of being cut back by the PUC.
The Utilities Commission is being asked to roll back many of the programs which realized tremendous savings for consumers and for for-profit utilities in the state.
“More than a million customers took advantage of programs that helped them improve efficiency of their homes and businesses which can reduce energy bills by about $500 a year,” said Quinn Chasan of CoPIRG. “The policy allowed Colorado to jump from 24th to 12th place in 2008 on the state-by-state report card of energy efficient states. But now the utilities are asking the PUC to scale back their energy savings programs for 2015-2020.”
Since the policy went into effect in 2007, programs have saved more than 2.2 billion kilowatt hours of energy and $250 millin in energy bills for their customers.
This spring the PUC will decide whether investor-owned utilities like Xcel Energy can roll back programs. This while other non-regulated utilities around the state are considering to move forward with aggressive programs of their own.
Programs currently helping homeowners include rebates of up to 20% of $300 for insulation, rebates for Energy Star Windows, and a grant of up to $120 for efficient furnaces which are better than standard furnaces which allow for spending less to heat your home.
Xcel says it is working to keep customers' energy bills as low as possible.AlertMe