The race is on to decarbonize the grid, and those states that are forcing it too quickly are seeing soaring electricity prices. This is fabulous for our industry because energy efficiency and load management have become much more cost-effective. But are higher prices good for customers, industry, and local economies? Probably not. Last week, I attended the Peak Load Management Alliance’s 50th Conference in Brooklyn. In sessions on decarbonization and electrification, practitioners described how the cost-effectiveness of heating with cold-climate heat pumps is already a challenge. Not only are there no savings, but electricity costs are increasing rapidly and are…
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