Option 10: Electrification
Another opportunity for reducing natural gas consumption is by converting customers’ space heating energy source from natural gas to electricity. This could be achieved using cold-climate, electric heat pumps that may be installed and operated in residential, commercial, and multi-family properties.
Design Day savings will be significant and certain once implemented. Unless customer adoption reaches the necessary scale, however, there is risk of falling short of projected impact. Reliability could improve over time as programs mature.
Solution Portfolio Cost
$1.51 Billion–$2.62 Billion (total cost for no-infrastructure portfolio of energy efficiency, demand response, and electrification)*
The ecological impact will be minimal and overall GHG emissions will ultimately be reduced. Community impacts are expected to be positive, anticipating roughly $1.8 billion investment through 2035, stimulating local economies.
Requirements for Implementation
There will be an immediate need to grow the ecosystem of licensed contractors and vendors to meet the program requirements. Implementation will also require state approval to set up and fund incentive programs.
* The same cost numbers are presented for each of the no-infrastructure options since each is part of a no-infrastructure portfolio to address the entire supply-demand gap. Nonetheless, we rated them on cost separately, as each option has a different degree of cost-effectiveness, despite each option being needed as part of a no-infrastructure portfolio.