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
UK Lockdown knocks daily electricity demand by 10 per cent
LONDON - Daily electricity demand in Britain is around 10% lower than before the country went into lockdown last week due to the coronavirus outbreak, data from grid operator National Grid showed on Tuesday.
The fall is largely due to big industrial consumers using less power, the operator said.
Last week, Prime Minister Boris Johnson ordered Britons to stay at home to halt the spread of the virus, imposing curbs on everyday life without precedent in peacetime.
Morning peak demand has fallen by nearly 18% compared to before the lockdown was introduced and the normal morning peak is later than usual because the…
