CPS Energy says efficiency program is ahead of goals, but trustee thinks money could be better spent

Sara DiNatale | Source: San Antonio Express News | Posted 10/03/2024

CPS Energy’s $350 million energy-efficiency program has cut regular energy demand by 216 megawatts, putting it more than halfway to its total savings goal in the first two years of the five-year plan.

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CPS Energy’s energy-efficiency program has successfully reduced regular energy demand by 216 megawatts, surpassing half of its total savings goal within the first two years of the five-year plan. The program, which costs $350 million, has shown significant benefits, with every dollar spent resulting in more than $3 in benefits. By focusing on reducing overall demand, CPS Energy aims to address the increasing demand growth in Texas in a cost-effective manner.

The Sustainable Tomorrow Energy Plan (STEP), an extension of the earlier program, is part of CPS Energy's efforts to reduce power use and harmful emissions through various initiatives like rebates, smart thermostat programs, and home efficiency improvements. With a total budget of $1 billion over 15 years between the two phases, STEP aims to save $665 million by avoiding additional capacity and fuel costs. While some concerns have been raised about the costs associated with the program, CPS Energy continues to prioritize efficiency and sustainability in its long-term investment planning.

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CPS Energy says efficiency program is ahead of goals, but trustee thinks money could be better spent

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