Utilities turn to Opower when they want to deliver a higher level of service for their customers. Our software empowers the world's leading energy companies to elevate every part of the customer experience — from the bill, to the call center, to the Home Energy Report. For the more than 50 million homes and businesses that our clients serve, the end result isn't just a utility experience that's less like a old-school utility and more like Netflix. It's a cheaper, greener energy bill. And on that front, we're proud to announce an enormous milestone. As of today, the nearly 100 utilities that deploy Opower's technology have helped their customers save more than 8 billion kilowatt-hours of energy. That's more electricity than it takes to power every home in New Mexico for a year. Even more impressive: by delivering personalized energy insights and advice, our clients have helped their customers knock more than $1 billion off their bills.
That's an enormous achievement, and it has implications that extend beyond consumers' pocketbooks. All told, our clients have kept more than 6 million tons of carbon dioxide from entering our atmosphere and harming our planet — an impact that's like pulling more than 1 million cars off the road all year.
All told, our clients have kept more than 6 million tons of carbon dioxide from entering our atmosphere and harming our planet — an impact that's like pulling more than 1 million cars off the road all year.
Marking the event earlier today, Opower's President, Alex Laskey, called the milestone "a great example of how proactive utilities can help create a cleaner, smarter, more efficient energy grid — one that can bring lots of value for families and businesses worldwide.” Dan Yates, our CEO, chimed in: "Saving eight terawatt-hours is proof of the kind of results that scaled technology and personalized energy insight can deliver for utilities, customers, and the environment." Today, our results are ramping up faster than ever. Three of the last eight terawatt-hours of energy our clients have saved came in the last 12 months. And not only that: thanks to big expansions in our software platform, utilities have more tools than ever to deliver the cutting-edge services their customers are coming to expect — from proactive high bill alerts, to deeply personalized efficiency offers, to energy management advice that's delivered when it matters most.
Editor's note: the U.S. Energy Information Administration reports that New Mexico's residential sector consumes approximately 6.7 terawatt-hours of electricity per year. Dollar savings are derived from a $0.125/kWh average retail price of electricity to residential consumers.