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Strategies Needed to Replace Coal-Fired Power, Reduce Costs to Ratepayers
WASHINGTON, D.C. (August 29, 2011) – Last week the American Council for an Energy-Efficient Economy (ACEEE) published a white paper, “How to Avoid a Train Wreck: Replacing Old Coal Plants with Energy Efficiency.” The report explains how expanded investments in energy efficiency and combined heat and power (CHP) can help replace lost generation capacity as utilities come under new environmental regulations. Additional information is available here.
American Chemistry Council (ACC) Vice President of Regulatory and Technical Affairs Michael Walls issued the following statement:
“We welcome ACEEE’s report, which shows how energy efficiency and CHP can ease a major transition underway in America’s electricity sector. By reducing energy demand, both approaches can help ‘replace’ lost generation as utilities retire coal-fired plants in response to new environmental regulations. Perhaps most important, the cost to ratepayers will be far lower with energy efficiency and CHP, as compared with building and updating power plants.
"We urge policymakers to strongly consider ‘demand-side’ approaches, especially energy efficiency and CHP, as they seek cost-effective ways to meet their citizens’ electricity needs. Whenever possible, demand-side solutions should be given equal favor in energy policies.
“The business of chemistry is a leader and innovator in industrial energy efficiency, including CHP, also known as cogeneration. CHP is the simultaneous generation of electricity and heat from a facility located near the manufacturing facility, and is often twice as efficient as older, coal-burning electric utilities.”
Learn more about energy efficiency.