February 23, 2015 - PROVIDENCE, R.I. – Across Rhode Island, National Grid’s energy efficiency programs have helped thousands of residential and business customers save energy and money. Preliminary year-end results show the company’s 2014 energy efficiency programs will save nearly 3.3 million megawatt hours of electricity and 58 million therms of natural gas over the life of the efficiency projects, resulting in a carbon emission reduction equal to taking 543,000 cars off the road for a year. Finalized year-end results will be released in May.
In 2014, more than 380,000 electric and 14,000 gas customers took advantage of National Grid’s energy efficiency programs in Rhode Island. These programs are available to residential, commercial and industrial customers throughout the state.
An economic impact study, based on a model by Regional Economic Models, Inc., predicts that National Grid’s 2014 programs will lead to the creation of 258 full time jobs with $25 million in state economic growth and $17 million in personal income growth.
In addition to this economic impact, National Grid’s energy efficiency programs will create nearly $259 million in benefits such as lower energy costs and lower maintenance costs for electricity customers and $50 million in benefits for gas customers over the 10 to 13 lifetime years of various efficiency programs and projects.
“National Grid works hard to help our customers understand and take advantage of the many energy efficiency programs that are available to them,” said Timothy F. Horan, president of National Grid in Rhode Island. “It’s clear that these programs are directly helping Rhode Islanders save energy and money, all while boosting economic activity, incomes and employment. We look forward to more Rhode Islanders benefitting from these programs this year.”
One commercial customer that opted to take advantage of these programs is the Crowne Plaza Hotel in Warwick. The Crowne Plaza worked with National Grid to launch a technical assistance study to narrow down potential energy efficient upgrades that would provide the best return on their investments.
"The Crowne Plaza Hotel is dedicated and enthusiastic to continue our energy efficiency projects, and the overall reduction of our use of fossil fuels," said Deidra Tart, Facilities Manager, Crowne Plaza Hotel. "National Grid has been our partner in this goal and has provided us with the tools and knowledge to focus on the right projects for reduction of heat, light and power."
The hotel opted to upgrade window tinting to reduce solar gain, install interior and exterior LED lighting, and is currently upgrading their Energy Management System to control rooftop and additional exterior lighting. These upgrades were completed due to financing provided by National Grid.
National Grid works directly with its customers, both residential and commercial, interested in finding opportunities to save power and money through energy efficiency projects. Rhode Islanders interested in learning more about the company’s energy efficiency programs are encouraged to click here.
About National Grid
National Grid (LSE: NG; NYSE: NGG) is an electricity and natural gas delivery company that connects nearly 7 million customers to vital energy sources through its networks in New York, Massachusetts and Rhode Island. It is the largest distributor of natural gas in the Northeast. National Grid also operates the systems that deliver gas and electricity across Great Britain.
Through its U.S. Connect21 strategy, National Grid is transforming its electricity and natural gas networks to support the 21st century digital economy with smarter, cleaner, and more resilient energy solutions. Connect21 is vital to our communities' long-term economic and environmental health and aligns with regulatory initiatives in New York (REV: Reforming the Energy Vision) and Massachusetts (Grid Modernization).