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Gov Walz signs Energy Conservation and Optimization Act of 2021
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Governor Tim Walz signs Energy Conservation and Optimization Act
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Gov Walz signs Energy Conservation and Optimization Act of 2021
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Lake Country Power
The Energy Conservation and Optimization (ECO) Act, a bill many years in the making, will modernize the Minnesotaâs Conservation Improvement Program (CIP). Enacted in 2007, CIP requires all gas and electric utilities to spend a portion of their revenues on energy conservation. The program has delivered real savings to Minnesotans on their energy bills through the adoption of technologies like LED lighting and Energy Star® rated appliances, providing more than $6 billion in net benefits to the state and supporting over 45,000 local jobs in every corner of Minnesota.
However, the program has become outdated and needs to be adapted to embrace beneficial and impactful new technologies and evolving trends. The ECO Act would modernize and expand CIP to recognize and respond to emerging technologies and consumer behaviors and demands. ECO would also include load management and efficient fuel-switching, expanding CIPâs ability to support local job opportunit