PSE&G Announces Approval of Clean Energy Future-Energy Efficiency II Program to Drive Continued Energy Savings in New Jersey
NEWARK, N.J.,
This initiative aims to help achieve the
This new cycle will fund 10 programs aimed at helping residential and business customers reduce their energy usage, bills, and carbon footprint, while supporting economic growth in
Specifically, eight of these programs will focus on continuing to deliver PSE&G's comprehensive suite of energy efficiency offerings, while two new programs will target building decarbonization and demand response. The building decarbonization program aims to incentivize the installation of heat pumps and other electric measures to replace fossil fuel equipment, thereby advancing efforts to decarbonize homes and businesses. Meanwhile, the demand response program will encourage customers to reduce electric consumption during peak demand periods and help them manage their overall usage to support the reliability of the electric grid.
The combined energy savings for participants are expected to generate gross lifetime bill savings of approximately
"Our goal is to continue helping
Building on the Success of the CEF-EE I Program
Since its launch in 2021 through
PSE&G's programs have garnered widespread recognition, earning over 55 awards, including Energy Star Partner of the Year for three consecutive years. These accolades underscore the company's leadership in energy efficiency and sustainability.
For more information on how to participate in PSE&G's energy efficiency programs, visit homeenergy.pseg.com for residential customers or bizsave.pseg.com for business customers. Information on payment assistance programs is available at pseg.com/help
For more information, click here:
PSE&G Clean Energy Future – Energy Efficiency (
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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SOURCE PSE&G