"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.