Data Source: U.S. Energy Information Administration, Form EIA-861.
Analysis by CEC Economics
Highlight
- The commercial sector (45%) and the residential sector (50.8%) accounted for the lion’s share of savings in 2023. The industrial sector accounted for the remaining 4.1%. The fact that the industrial and transportation sectors have had little to no electricity savings from energy efficiency underscore the immense difficulty and the urgent needs to electrify these sectors.130
130 Electricity consumption and energy efficiency savings may be understated for the transportation sector and overstated for the commercial and residential sectors. Electric vehicles are charged from homes and other residential real estate properties or at charging outlets in commercial real estate properties, which means the true end-use sector would be transportation rather than commercial and residential.
Challenge
- Electricity savings fell 7.8% from 1.58 million MWh in 2022 to 1.45 million MWh in 2023 for the residential sector. While savings were unchanged for the commercial sector year-over-year (-2,952 MWh or -0.2%), over time, electricity savings from energy efficiency have fallen in the commercial sector from 2013 (1.65 million MWh) to 2023 (1.29 million MWh).
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