Pepco Energy saves Feds $46 million
Between December 2006 and May 2008, the GSA-DC portfolio used approximately 2.5 billion kWh. During that time, the GSA portfolio saved $45.75 million versus the applicable standard offer service rates.
Based on the current standard offer service rates, Pepco Energy Services estimates that the GSA portfolio will save approximately $39 million annually for a total savings of $58.5 million between June 2008 and December 2009.
The Washington, D.C. contract, which began in December 2006 and extends for 36 months, calls for Pepco Energy Services to provide power to such national landmarks as the U.S. Capitol, the Smithsonian Institution, the National Gallery of Art and the Kennedy Center, as well as the U.S. Departments of Agriculture, Commerce, Energy, Interior, Justice, Labor, State, Transportation and the Treasury. Nine and one-half percent of the total electricity purchase includes attributes from renewable resources.
Pepco Energy Services also supplies electricity to several government agencies in New York and Chicago, including GSA, the Social Security Administration, the Railroad Retirement Board, the Bureau of Prisons and the Edward Hines, Jr. Veterans Affairs Hospital.
"Pepco Energy Services is extremely pleased to have been able to assist the GSA-DC portfolio in saving nearly $46 million in electricity costs over the past 18 months and looks forward to more than doubling its savings over the next 18 months," said John Huffman, President and Chief Operating Officer of Pepco Energy Services.
Related News

How utilities are using AI to adapt to electricity demands
WASHINGTON - The spread of the novel coronavirus that causes COVID-19 has prompted state and local governments around the U.S. to institute shelter-in-place orders and business closures. As millions suddenly find themselves confined to their homes, the shift has strained not only internet service providers, streaming platforms, and online retailers, but the utilities supplying power to the nation’s electrical grid, as well.
U.S. electricity use on March 27, 2020 was 3% lower than it was on March 27, 2019, a loss of about three years of sales growth. Peter Fox-Penner, director of the Boston University Institute for Sustainable Energy, asserted in…