Potential Energy & Cost Savings
"The RAC
Standard will save Ghanaian consumers an average of $64 million annually in
energy bills.
"Payback on
the initial incremental investment in efficiency by consumers is less than 9
months.
"The average
price of RAC may go up by about 3% for the proposed standard, however, the new
RACs will use about 9% less energy, paying off the investment very
quickly.
"Carbon
dioxide emissions will be reduced by about 2.8 million tons over 30 years (104,890 tons
per year).
"A 2003
compliance with the standard would have immediately freed up 13 megawatts of
generating capacity and by 2014 will be saving the equivalent of a 150MW
generating plant. By 2020, this standard alone will be saving about 950GWh per
year, freeing up nearly 250MW of generating capacity at net negative cost to
the economy.
"In contrast,
the 400MW Bui hydropower plant is being constructed at a cost of nearly US$600
million.
"