The European Union recently adopted a bold energy efficiency goal – to reduce energy use by 20% by 2020. Now, it’s up to the EU’s 27 member states to design specific plans of action to make that goal a reality. This Thursday, we’ll be sharing insights, case studies, and best practices that can help them do just that.
At the heart of EU member states’ progress toward a 20% energy reduction are regulatory mechanisms called Energy Efficiency Obligations. Very similar to policies known as Energy Efficiency Resource Standards in the US (which are proving effective across the ~30 states that have implemented them), Energy Efficiency Obligations in Europe hinge on how utility companies can help their customers use less electricity and natural gas.
Denmark offers a stand-out example of a successfully implemented Energy Efficiency Obligation. In 2006, the country adopted a policy that requires energy distribution companies (i.e. those who deliver electricity, natural gas, district heating, and oil) to help reduce their customers’ energy demand. Their reduction targets have increased over time, now standing at about 2-3% energy savings per year (relative to a business-as-usual scenario).
By carrying out customer engagement measures like subsidized audits and behavior-based programs, Danish energy companies have consistently exceeded their annual energy efficiency targets. In a country that has an ambitious vision for a clean energy future, Denmark’s Energy Efficiency Obligation has emerged as one of its most cost-effective energy savings policies.
What can fellow EU member states learn from Denmark and other countries – both in Europe and the rest of world – that have successfully instituted Energy Efficiency Obligations?
Tune into this Thursday’s webinar to find out. Hear from the energy efficiency policy experts themselves, including Peter Bach (President of The European Council for an Energy Efficient Economy; Chief Advisor to the Danish Energy Agency) and Scott Neuman (Director of Regulatory Policy and Analysis at Opower), as they discuss the implementation of Energy Efficiency Obligations and share best practices.
The energy efficiency experts leading Thursday’s webinar: Peter Bach (President of The European Council for an Energy Efficient Economy) and Scott Neuman (Director of Regulatory Policy and Analysis at Opower)
For more details on Opower’s Power of Energy Information webinar series, check out our past and upcoming webinars here.