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    Jim Madej, CEO of Franklin Energy, Shares with the Energy Central Power Perspectives Podcast the Guide to How Utilities Should Bolster Energy Affordability


    March 17, 2022 - Energy Central

     

      Joining this week's episode of the Energy Central Power Perspectives Podcast was Jim Madej, the CEO of Franklin Energy. With over 60% of Americans actively living paycheck to paycheck, this crisis of energy affordability needs leadership and ingenuity to ensure that energy systems are looked at holistically with affordability being a paramount consideration. These are the issues that drive Jim Madej, the CEO of Franklin Energy, as he and his team work to design and implement energy efficiency and renewable energy solutions for their utility partners.

      Having power bills rise too much can be a crisis for families who may be unable to pay or forced to choose between putting food on the table and keeping the lights on. The potential of inequity and crisis has only become even more apparent amid the pandemic and the recent economic struggles across the country. This situation is not one that Jim nor his team at Franklin Energy could sit idly by and watch. As he noted during the episode:

      Tackling energy affordability offers immense benefits to these communities, beyond cost savings on their household energy bills. Investing in energy efficiency, investing in renewables and other climate programs provide them with improved air quality, healthier homes. Like I said in my answer to the MBEs, they create job creation. Frankly, it's an education offering. If you remember how energy efficiency started, it was an engagement mechanism and it was an education mechanism, because there's no real sexy way to talk about power bills. I also think disadvantaged communities face greater exposure to pollution and other factors.

      For example, pollution sources tend to be located near disadvantaged communities, increasing exposure to these harmful pollutants. They also see more traffic, which has localized greater concentration of greenhouse gas emissions than other neighborhoods. So programs dedicated to energy efficiency and clean energy go to great length in reducing these pollutants. And energy efficiency and clean energy programs in non residential buildings in disadvantaged communities, such as schools, healthcare facilities also offer tremendous benefits to these communities. It can reduce capital maintenance costs and other just basic costs of running these facilities and, ultimately, reduce bills and put more money into patient care. So I just feel strongly that these buildings can spend a lot more of their money and time benefiting the communities that they serve.

      This entry into the podcast, like all of the series episodes, can be found on all major podcast outlets, including iTunes and Spotify, or it can be listened to directly on the Energy Central platform. Give it a listen and share your reaction in the comments.

      Episode #73 'Making Energy Work For America's Working Families' with Jim Madej, CEO Of Franklin Energy [an Energy Central Power Perspectives™ Podcast]

      About Energy Central Podcast Series:

      The ‘Energy Central Power Perspectives™ Podcast’ features conversations with thought leaders in the utility sector. At least twice monthly, we connect with an Energy Central Power Industry Network community member to discuss compelling topics that impact professionals who work in the power industry. Some podcasts may be a continuation of thought-provoking posts or discussions started in the community or with an industry leader that is interested in sharing their expertise and doing a deeper dive into hot topics or issues relevant to the industry.

      The ‘Energy Central Power Perspectives™ Podcast’ is the premiere podcast series from Energy Central, a Power Industry Network of Communities built specifically for professionals in the electric power industry and a place where professionals can share, learn, and connect in a collaborative environment. Supported by leading industry organizations, our mission is to help global power industry professionals work better. Since 1995, we’ve been a trusted news and information source for professionals working in the power industry, and today our managed communities are a place for lively discussions, debates, and analysis to take place. If you’re not yet a member, visit www.EnergyCentral.com to register for free and join over 200,000 of your peers working in the power industry.

      The Energy Central Power Perspectives™ Podcast is hosted by Jason Price, Community Ambassador of Energy Central. Jason is a Business Development Executive at West Monroe, working in the East Coast Energy and Utilities Group. Jason is joined in the podcast booth by the producer of the podcast, Matt Chester, who is also the Community Manager of Energy Central and energy analyst/independent consultant in energy policy, markets, and technology.

      If you want to be a guest on a future episode of the Energy Central Power Perspectives™ Podcast, let us know! We'll be pulling guests from our community members who submit engaging content that gets our community talking, and perhaps that next guest will be you! Likewise, if you see an article submitted by a fellow Energy Central community member that you'd like to hear about in more detail, feel free to send us a note to nominate them. To contact us, email community@energycentral.com. Podcast interviews are free for Expert Members and professionals who work for a utility. We have package offers available for solution providers and vendors.

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