CPS Energy Save for Tomorrow Energy Plan Overview
CPS Energy’s Save for Tomorrow Energy Plan (STEP) is an aggressive energy conservation program. The goal of the program is to save 771 MW of electricity between 2009 and 2020. The total cost of the program for this duration will be approximately $849 million with annual costs ranging from $12.3 million to over $77 million.
STEP will provide financial incentives to residential and commercial customers to install energy saving practices and fixtures to reduce the customer’s use of electricity on a permanent basis. This program produces short term benefits such as:
- Reducing overall system fuel costs and producing fuel savings for customers
- Lowering customer’s energy use and their monthly bill
STEP will also produce long term benefits for customers such as:
- Delaying the need for additional generation capacity in the future and alleviating corresponding rate increases to support the cost of the new generation
- Providing environmental benefits from reduced emissions
The reduction in electricity consumption would be accomplished by providing residential and commercial customers with financial incentives and assistance such as: replacement of current light bulbs with energy efficient light bulbs, and replacement of existing household appliances with energy efficient appliances.