The Philadelphia Energy Authority (PEA) is a municipal government entity created in 2010 by Philadelphia City Council to support the city on issues of energy affordability and sustainability, including developing long-term energy projects, policies and programs.
In 2016, PEA launched the 10-year Philadelphia Energy Campaign with the goal of transforming Philadelphia into a national model for implementing energy strategies that improve the health and well-being of the community and local economy, including the City’s most vulnerable residents. The Philadelphia Energy Campaign is a $1 billion investment over 10 years in energy efficiency and clean energy projects, to create 10,000 jobs. Our focus is on four sectors: City Buildings, Schools, Affordable Housing and Small Businesses. In 2019, PEA added the Commercial and Industrial sectors to that list, leveraged by new financing mechanisms and City incentives
PEA recently formed a green bank affiliate, the Philadelphia Green Capital Corp. (PGCC), to scale our current work and bring new financial products to Philadelphia clean energy economy.
PGCC’s mission is to connect projects to capital to drive a robust, equitable, clean energy market in the Philadelphia region, support PEA, and respond to the local challenges of climate change.