The Florida Public Service Commission (PSC) today approved a conservation plan by Tampa Electric Company (TECO) that is predicted to save 175 megawatts of electricity over ten years, enough to power about 52,000 homes.
After directing TECO to develop more conservation savings, the PSC approved the company’s revised plan as meeting the PSC's numeric goals, set according to the Florida Energy Efficiency and Conservation Act. The plan uses a conservation strategy known as Demand Side Management (DSM), which uses a variety of methods to reduce demand for electricity. DSM methods can include rebates for energy efficient appliances or devices; energy audits to show customers how to save energy; and peak load programs that curtail or shift demand away from high cost, peak demand periods.
As part of the DSM measures, TECO will offer several new rebate programs for residential and commercial customers starting in the new year. The Commission previously approved a component of the new plan called the Renewable Energy Systems Initiative, which offers rebates for customers who install either solar photovoltaic or solar thermal technologies. For schools or low-income customers, TECO may install the technologies free of charge.
For additional information, visit www.floridapsc.com.