Big Moves For Efficiency
As I have said in previous posts, energy efficiency manifests itself commercially in two ways: market advantage or federal standards. December ended up being a big month for the forwarding of energy efficiency standards under the Obama Administration. The two, newly implemented standards will save consumers approximately $168.1 billion dollars on utility bills over the next 30 years. This three-part blog will explore the implications of each of these monumental standards as well as the political and industrial ramifications.
Just days after the Paris agreement, Energy Secretary Ernest Moniz announced the end result of negotiations between industry leaders and the federal government for commercial efficiency. The effort exerted by this diverse group of stakeholders resulted in new commercial air conditioning and furnace standards that supported current market momentum and future innovation. The energy efficiency standards, which will occur in two stages, are aimed at low-rise commercial buildings such as small offices, restaurants, big-box stores, and schools. Commercial air conditioners cool about half the commercial space in the nation according to the Department of Energy.
The standard was finalised by 17 stakeholders, including utilities, efficiency organisations, and major HVAC contractors and manufacturers. The first phase of the standard commences in 2018 with a 13% improvement on efficiency. Then, in 2023, an additional 15% increase is required for commercial units. Over the next 30 years of sales, the result will be more than twice the kWh savings than any previous Department of Energy efficiency standard.