Northeastern REMC says new energy storage will save customers $35 million over 20 years

COLUMBIA CITY, Indiana (WANE) – Northeastern REMC on Wednesday showed off a new energy storage facility that they say will save customers millions of dollars over the next two decades.

The five battery sites allow them to buy electricity at night – when the tariff is lower – and then distribute the electricity to customers at peak times when the tariffs would have been higher.

According to Northeastern REMC, the new storage will save customers $35 million over 20 years.

“Market prices have changed, but we can recover a large proportion of these costs,” said Eric Jung, President and CEO of Northeastern REMC.

According to Northeastern REMC, the battery storage program has been fully operational since June.

https://www.wane.com/news/local-news/northeastern-remc-claims-new-energy-storage-will-save-customers-35m-over-20-years/ Northeastern REMC says new energy storage will save customers $35 million over 20 years

Dais Johnston

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