Building an electrification plan will reduce greenhouse gas emissions to help achieve California’s carbon neutrality goal
Rosemead, Calif.–(BUSINESS WIRE)–Southern California Edison, a leader in the transformation of the energy industry, proposes to create healthier, cleaner energy by reducing the use of carbon-emission fossil fuels in buildings Home and business.Approximately 250,000 electric heat pumps are installed in its service area.
If approved by the California Public Utilities Commission, the master plan will provide $677.2 million to help accelerate the growth of the building electrification market within four years to reduce greenhouse gas emissions and improve indoor air quality.
SCE President and CEO Steven Powell said: “Electrification of buildings is an important opportunity to reduce greenhouse gas emissions, and it is also an area where California’s economy has made the least progress.” “The plan will accelerate the widespread adoption of electric heat pumps in homes and other buildings. The first step in stopping the use of fossil fuels in materials.”
The plan includes encouraging the installation of electric heat pumps in existing houses and buildings, as gas stoves are one of the largest sources of greenhouse gas emissions from buildings.Unlike furnaces that burn fossil fuels to generate heat, heat pumps use electricity to transport heat to where it is needed and transfer it to where it is not needed.They provide the benefits of two in one: heating and air conditioning from the same device.In addition to providing incentives for electric heat pumps, the program also provides retrofit assessments and incentives for necessary electrical infrastructure (such as panel and/or circuit upgrades).
The actions set out in the plan will ultimately benefit all SCE customers, despite the reduction in greenhouse gas emissions, lower rate pressures, and reduced energy usage due to the increased efficiency of electrical equipment.It prioritizes income-eligible customers and environmental and social justice communities that are disproportionately affected by indoor and outdoor air pollution, extreme weather and climate change.Approximately 81,000 electric heat pump installations and at least 40% of electrical upgrades are dedicated to income-eligible customers and environmental and social justice communities.
SCE’s plan also includes a comprehensive market education program to address one of the main obstacles to widespread adoption of technology-a lack of understanding of the availability and benefits of building electrification technologies.In addition to providing climate and health benefits, UCLA’s Luskin Innovation Center estimates that, overall, the electrification of buildings across the state is expected to create more than 100,000 jobs in California’s construction, energy, and manufacturing industries.
As stated in SCE’s 2045 road blueprint for carbon neutrality, reducing emissions from fossil fuel use is critical to addressing and mitigating climate impacts.SCE estimates that by 2045, 70% of space and water heating will need electricity to meet the state’s ambitious clean energy and carbon neutral goals.In addition, SCE’s parent company, Edison International, is mindful of the gap: California’s countdown to 2030 concluded that the trajectory of plans and policies that support electrification of buildings is not sufficient to achieve California’s greenhouse gas emission targets, resulting in only 47% of residential and residential buildings. 30% of the 2030 business milestone is being achieved.SCE’s plan will fill a meaningful part of this gap.
Edison International (NYSE: EIX), Southern California Edison is one of the largest power companies in the United States, with approximately 1,500 customer accounts through 5 million customer accounts in a 50,000 square mile service area in central, coastal, and Southern California 10,000 people provide services.
SCE has proposed a bold plan to accelerate the transition to clean energy households to help achieve California’s carbon neutral goals.