Imagine homeowners and businesses saving millions of dollars – and cutting pollution – without needing to do anything. Magic? No, but it does require electric utilities to take advantage of new technologies that better provide customers with just the right amount of voltage to their electrical outlets.
Many appliances, including incandescent lighting, work just as effectively, yet consume less energy, when the flow of electricity to them is reduced. Put another way, higher voltages generally make individuals and businesses needlessly use more energy, driving up electricity bills and air pollution. Therefore, if voltage was “right-sized,” residents would get enough power to run their appliances efficiently, but not so much that they use more electricity than needed.
What we’ve described above is “voltage optimization,” and a new study by Commonwealth Edison Company (ComEd) looking at this technology’s potential within Chicago and northern Illinois found it could reduce the need for almost 2,000 gigawatt-hours of electricity (enough to power 180,000 homes) each year at an amazingly low cost of less than two cents per kilowatt-hour – more than is achieved now from the utility’s other efficiency programs. This translates to $240 million per year in savings for ComEd’s customers, of which 90 percent could potentially benefit. The study also suggested full deployment of voltage optimization would only take about five years. Read More