Managing Energy Consumption In Boston Restaurants And Hotels: Profitable Practices – CAMBRIDGE, Mass., April 22, 2019 // — This Earth Day, Sense, the innovator in home energy savings, examined electricity data for more than 4000 real homes across the US to find out who’s in charge a charge on saving energy —and who’s down. The analysis used real-time and historical electricity usage data for the homes over 12 months.
Two cities known for their college life, Burlington, VT, and Madison, WI, are leading the way in energy savings. Residents in Burlington use the least electricity of any major city – about one-quarter as much as homes in Phoenix, AZ, and half as much as residents of Chicago.
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California residents don’t just talk the eco-speak, they live it. Several California cities made the list for least electricity use, including San Jose, San Francisco-Oakland, San Diego, and the Los Angeles-Long Beach-Anaheim area. The big cities of the North West, Portland and Seattle, are also living in energy cities, along with the cities of the East Coast, Boston and Providence.
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Homes in hot, sunny Phoenix, AZ, use more electricity than any other city – twice as much as Salt Lake City, UT, and more than three times as much as San Jose, CA. Homeowners in the Texas cities of Dallas, Austin, Houston and San Antonio use about twice as much electricity as residents in Providence, RI, or Denver, CO. This difference is partly due to the weather – but it also shows the opportunities for more efficient ACs, swimming pool. pumps and other domestic devices.
At the state level, the Green Mountain State, Vermont, is the greenest, with the lowest electricity use per household of any state. Arizona topped the list of highest electricity consumers, with Southern states such as Texas and Florida close behind.
The states where residents used the most electricity were not necessarily the ones with the lowest electricity rates. Residents in Arizona and Texas have some of the highest electricity costs in the country, paying an average of $3072 per year in Arizona and $2581 in Texas.
Massachusetts ranks low in electricity use, but its electricity costs are high, so the average homeowner pays $2906. And while Hawaii has low electricity use per household, its electricity prices are among the highest in the US, with average annual costs of $3963.
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Sense CEO Mike Phillips said: “The average US home’s electricity consumption results in over 16,000 pounds of CO2 emissions per year (source here). about their home’s energy patterns, and in states like Arizona and Texas, where the average home electricity usage and cost is high, homeowners have a great opportunity to save. When residents have detailed data about their electricity usage, they can take steps to improve their homes more efficient, more sustainable and more environmentally friendly.”
For the Home Data Sense he analyzed energy data from more than 4200 customer homes across the US whose owners responded to a short survey. The survey asked homeowners for their zip code and other details about their home and electrical devices. With participants’ permission, Sense data scientists correlated home energy data over a year with their survey responses. Source of household energy costs: EIA
About Sense Sense is the first company to bring consumers real-time and engaging analytics on their home energy consumption on their mobile devices. Its mission is to make every home smart through its “home fitness tracker”, helping consumers save money and live safer with more energy-efficient households. Founded in 2013 by pioneers in speech recognition, Sense uses machine learning technology to provide real-time insights into device behavior, even for those devices that aren’t “smart.” Customers rely on Sense for a wide range of uses including monitoring their home appliances, determining whether they have left appliances running and identifying key energy drains in their home so they can significantly reduce their energy costs. Sense is headquartered in Cambridge, Mass. To make sense of your energy, visit: https://sense.com.
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It is estimated that the world’s total electricity consumption will approximately double by 2050. More than 775 million people around the world still do not have access to electricity. At the same time, societies need more than 20 MWh of primary energy per capita to achieve very high levels of prosperity. To address these competing demands, society must dramatically accelerate the substitution and reduction of fossil fuel use. Five technology levers can allow us to achieve our goals in the transition: increasing energy efficiency; electrifying end uses, through, for example, electric vehicles or heat pumps; decarbonising the power supply; use lower carbon fuels in use cases that are difficult to reduce; and deploy carbon capture.
“Most of the tools we need to bring our energy system to net zero are already available,” said Maurice Berns, BCG managing director and senior partner who chairs the Center for Energy Impact and co-authored the report. “What we urgently need are the policies, the proven business cases, and the capabilities to bring about the biggest and most important peace change in our economic history.”
An investment of $37 trillion is needed by 2030 to finance the energy transition. Of this, a maximum of $19 trillion has already been committed, leaving an investment gap of $18 trillion. We need as much investment in the electric grid as we do in new solar and wind capacity, to avoid stranded low-carbon power generation as the grid catches up. Oil and gas must be phased out quickly, but discretionary investments will still be needed to ensure security of energy supply for our societies. Most net-zero scenarios require oil and gas supply equivalent to 50%-80% of 2021 supply in 2030, and current productive assets will not meet 2030 demand and beyond. The focus should be on developing the most affordable and least greenhouse gas producing oil and gas.
The transition will fundamentally change the economics of our energy system. Energy will be shifted from an extracted capacity to a manufactured capacity, which requires a much heavier initial investment but lower operating costs. A material increase in price volatility is expected, and energy storage remains a challenge as the energy mix changes from fossil fuels to electricity and hydrogen. Today, there is only the capacity to store one or two hours of average electricity consumption in Europe and the USA. The design of the electricity market will need to be significantly reformed to address cycles, increasing volatility, and uncertainty in energy markets. Energy transport costs will also increase significantly due to the change in the energy mix, and global industrial production centers are likely to relocate to where energy is cheaper.
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“A significant acceleration of the green energy transition is urgently needed to maintain a sustainable planet for today and future generations,” said Patrick Herhold, BCG managing director and senior partner,
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