How to save money with residential energy management
By Jane FongPublished November 13, 2018 10:57:20The way energy companies manage the costs of their energy systems can have a big impact on your property and the environment, a report from the Canadian Environmental Assessment Agency says.
The study, called The Residential Energy Management (RESM) Program: Lessons from the Great Alberta Landfill, found that residential energy systems are a critical component of the overall energy portfolio for a variety of reasons, including the reduction of carbon emissions, increasing energy efficiency and reducing the number of accidents.
The RESM Program was developed by the Department of Energy and Climate Change (DECC) and Alberta Environment to assist energy companies in managing their energy operations, including maintaining their carbon footprint and reducing waste.
The program provides a range of advice on how to reduce energy costs and reduce emissions, including ways to reduce the amount of energy used to heat and cool homes, to reduce their carbon dioxide emissions and to reduce noise.
The results of the study, titled The Residential energy Management (resm) Program – Lessons from Great Alberta landfills, are expected to be released to the public on Tuesday, November 14, 2018 at the Alberta Energy Forum in Calgary.
According to the report, RESM programs in Alberta have helped the province reduce the carbon emissions associated with residential heating and cooling systems from nearly 25 per cent in 2015 to just 4 per cent today.
The report noted that RESM costs are an important factor in deciding on whether to buy a home or not.
It said that by reducing the costs associated with electricity generation, RESMs provide more than $20 billion a year in savings for Albertans.
The REMS program is supported by the Alberta government, the Province of Alberta and the Energy Board of Alberta.
The Alberta Energy Industry Association (AIEA) said the program is a good example of how the province can support its energy sector while also helping to support local communities.
“The province is one of the largest contributors to the RESM program and it is the only federal government program that supports energy companies to help them manage their energy needs,” said AIEA president and CEO Doug Martin.
“The RESMs program is just one example of why the province is making a strong effort to be a leader in the energy sector.
This is a great program and we look forward to the full release of this report on Tuesday.”
The province announced in April that the province will phase out the residential energy sector by 2030, making it mandatory for all homes to be energy efficient by 2030.
The province has set a target of a 25 per-cent reduction in carbon emissions by 2030 compared to the same period last year.
The government is also working on a set of carbon pricing measures that would impose a 20 per cent price on greenhouse gas emissions and help fund an increase in provincial carbon taxes.