Oklahoma's energy efficiency incentives give utilities a business reason to save customers money :
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Oklahoma's energy efficiency incentives give utilities a business reason to save customers money :

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This is the third in a six-part series on utility business model reform provided by Rocky Mountain Institute, America's Power Plan and Advanced Energy Economy Institute.

Incentives under the traditional cost-of-service utility revenue model are fundamentally misaligned with the implementation of energy efficiency programs. This is because, traditionally, utilities collect revenues based on the amount of energy they sell, whereas energy efficiency programs attempt to reduce energy consumption, thereby reducing utility revenues and profits.

This traditional structure disincentivizes utilities from delivering robust energy efficiency programs, limiting the use of a proven least-cost resource that also reduces peak demand and lowers consumer energy bills. Oklahoma demonstrates two ways to help utilities embrace energy efficiency programs — and ultimately make themselves and their customers better off financially.

The data is compiled from : https://www.utilitydive.com



For More Details, Please Read: https://www.utilitydive.com/news/oklahomas-energy-efficiency-incentives-give-utilities-a-business-reason-to/548062/