Programs with shocking potential
Increased net margins. Improved load factors. Reduced net service-territory emissions. Beneficial electrification programs designed to replace outdated fossil-fuel equipment can be a win-win for electric utilities and customers alike.
Beneficial electrification programs promote the replacement of fossil fuel equipment with electric equipment. The design of these programs maximizes their application to every type of customer segment, from residential and commercial to industrial and agricultural. With a reliance on an increased use of electric end-use equipment, these programs result in lower net emissions.
Beneficial electrification programs began in the early 1990s when utilities began exploring the potential of these programs for residential and commercial heat pumps, followed by industrial heating and transportation. Even with limited access to technologies we take for granted today, utilities viewed beneficial electrification programs as having significant technical potential.
In recent years, two recent developments have expanded the potential for beneficial electrification programs. The first: improved technology for heat pumps, electric vehicles, and other equipment. The second: improvements in battery and charging technologies.
Benefits and opportunities for utilities that adopt beneficial electrification programs include:
- An increase in revenues and net margins.
- Improved load factors for more efficient operation.
- Reduced net emissions of carbon into the atmosphere.
Impacts of a sample beneficial electrification program include:
- Trends in commercial and residential electric vehicle (EV) readiness planning
- Assessing the potential cost and benefits of transportation electrification
Watch Implementing Beneficial Electrification Programs, then discover more about smart electrification solutions for the communities you serve.