ATLANTIC CITY ELECTRIC
Atlantic City Electric Expands Energy Efficiency Programs
Enhanced programs provide customers more opportunities to help save energy and money

Atlantic City Electric is expanding its energy efficiency programs to help customers continue to reduce their energy use and save money. In January 2025, new programs will be added to the company's current offerings, providing customers no-cost energy assessments, incentives for efficiency upgrades and a range of other tools to lower energy costs and consumption.

"These energy efficiency programs are one of the many ways we are helping our customers take control of their energy usage and save money," said Atlantic City Electric Region President Phil Vavala. "In the face of rising costs across the board, we recognize the important role we play in keeping bills as manageable as possible, while offering equitable access to essential services and programs."

New next-generation programs build on the Atlantic City Electric's existing energy efficiency programs, including expanding opportunities to limited- and moderate-income households. The enhanced programs include:

• Building Carbon Reduction - Provides rebates to residential, multi-family, commercial and industrial customers who choose to switch to electric from fossil fuel-based equipment.
• Time of Use Rate Pilot - In coordination with our Smart Energy Network initiative, this program helps customers reduce their energy bill by conserving energy during peak energy-use periods.
• New Demand Response Programs - New programs will provide bill credits to customers that help reduce energy demand during peak energy-use periods.
• Business Energy Manager Pilot - This program focuses on commercial and industrial (C&I) customers and offers guidance on low- and no-cost energy-saving strategies and motivates C&I customers to engage in energy-saving behavior through personalized energy reports and a microsite that they can access anytime.
• HVAC Workforce Development Program - Offers new career opportunities and job training for residents and students across South Jersey, part of Atlantic City Electric's commitment to develop a diverse energy workforce of the future. 

Many of these new programs are enabled by Atlantic City Electric's Smart Energy Network initiative and the recently upgraded smart meters including the Time of Use Rate Pilot and Direct Load Control programs.

Since July 2021, the current programs have saved customers more than 140,000 megawatt hours (MWh) of electricity, which equates to nearly 17,000 households' annual electricity consumption, and is projected to avoid more than 70,000 tons of CO2 emissions by the end of 2024. Together, the current and expanded programs are expected to achieve more than 230,000 MWh in energy savings over the program period from 2025 to 2027 and have net benefits of more than $77 million.

The enhanced programs will cost approximately $400 million. The typical residential customer using an average of 643 kilowatt hours will see gradual bill increases ranging from $0.92 to $5.02 during the program period from 2025 to 2027. For every $1.00 spent, customers can expect to save $1.30 in program benefits, and participating customers would receive even more.

Atlantic City Electric remains committed to ensuring customers are aware of factors that may impact their bills, so they can better understand their rates and energy usage, pay their bills in a way that works best for them and their budgets, and take advantage of energy efficiency and customer assistance programs. For more information, customers can visit atlanticcityelectric.com/AssistanceFinder or call 800-642-3780.

To learn more about Atlantic City Electric, visit The Source, Atlantic City Electric's online newsroom. Find additional information by visiting atlanticcityelectric.com, on Facebook at facebook.com/AtlanticCityElectric, and on X, formerly known as Twitter, at twitter.com/AcEleCconnect. Atlantic City Electric's mobile app is available at atlanticcityelectric.com/MobileApp.