Economic and Business Perspectives of the Shale Gas/Oil Industry

Save this PDF as:

Size: px
Start display at page:

Download "Economic and Business Perspectives of the Shale Gas/Oil Industry"

Transcription

1 Economic and Business Perspectives of the Shale Gas/Oil Industry Opportunities, challenges and perspectives for shale gas/oil development Mel Ydreos Vice Chairman, International Gas Union VP Government and Aboriginal Affairs Union Gas Ltd. A Spectra Energy Company Oct. 1, 2012 Mexico City

2 Who is the IGU? IGU is the worldwide gas technology network 79 charter members and 38 associate members in 78 countries Member countries in blue 2

3 Union Gas Ltd. A Spectra Energy Company Distribution Retail Customers: Annual Throughput: Distribution Pipe: 1.4 million 526 PJ 62,711 km Transmission Annual Throughput: Transmission Pipe: Markets Served: 880 PJ 4,743 km Ontario, Quebec, US Northeast Dawn Storage Storage: Underground Facilities: Markets Served: 166 PJ 23 Ontario, Quebec, Marketers Major Canadian natural gas storage, transmission and distribution company based in Ontario with 100 years of experience and safe service to our customers Assets of $5.8 billion in Ontario and annual revenue of approximately $1.8 billion Union Gas is the second largest natural gas utility in Canada 2,200 employees Named one of Canada s Top 100 Employers in 2011 and 2012 and one of Canada s Greenest Employers this year, with no layoffs during the economic downturn 3

4 Discussion Context setting: supply and price in Ontario, Canada Challenge/opportunity: supply diversity in Ontario Power generation opportunity: Historic view of power generation in Ontario Ontario s Long Term Energy Plan Opportunity for natural gas 29/10/2012 4

5 Affordable into the Future Prices down with reduced volatility Natural gas prices 33% below 2010 levels and 57% below 2007 Price expected to increase modestly over next 10 years As supply increases, price forecasts decrease Known reserves growing due to shale gas Price decline and forecast price stability due to huge increase in known North American reserves Reserves up 71% since 2000 to highest level in recorded history Almost all of this increase due to shale gas $15 $10 $5 $ Historical Forecast 5

6 Shale Gas & Ontario Impact of Shale Supplies on Ontario Residential NG Prices $0.45 $0.40 $0.35 $0.30 $0.25 $0.20 $0.15 $0.10 $0.05 $0.00 Jul Apr Apr Jan Oct Historical Weighted Average $ of Gas Shale Gas Production as % of Total 30.0% 22.5% 15.0% 7.5% 0.0% 6

7 Historical Supply in Ontario Mid-Continent Gulf Coast 7

8 Changing Supply Dynamics Western Canada Decline 2-3 PJ/d Midcontinent Growth 1-2 PJ/d Marcellus/ Utica Growth 5-8 PJ/d Gulf Coast Growth 1-2 PJ/d 8

9 Decreasing Alberta Supply Alberta s Historical and Forecast Marketable Gas Production and Demand 9

10 Responding to Infrastructure Challenges 10

11 Responding to Infrastructure Challenges Historic Flow Growth Potential 11

12 Demand Forecast High Demand (Summer) vs Low Demand (Spring) 30,000 25,000 20,000 8,800 May 15,000 4,000 May 10,000 5, H o u r 12

13 Demand Forecast 2003 Generation (TWh) 2010 Projected Generation (TWh) Nuclear 42% Coal 25% 148 TWh 157 TWh Water 24% Gas/Oil 8% Bioenergy 1% Nuclear 52% Water 19% Gas/Oil 15% Coal 8% Conservation 4% Wind 2% Bioenergy 1% 2030 Projected Generation (TWh) 196 TWh Nuclear 46% Water 20% Conservation 14% Wind 10% Gas 7% Solar PV 2% Bioenergy 1% 13

14 Installed Capacity (MW) Installed Capacity (Projected) 2030 (Projected) Nuclear 10,061 11,446 12,000 Renewables Hydroelectric 7,880 8,127 9,000 Renewables Wind, Solar, Bioenergy 155 1,657 10,700 Gas 4,364 9,424 9,200 Coal 7,546 4,484 0 Conservation 0 1,837 7,100 Total 30,006 36,975 48,000 14

15 Electricity Prices Nominal Dollars Real Dollars Dollars/MWh Prices exclude HST Nominal Dollars Real Dollars 800kWh Monthly Consumption All In After-Tax Dollars/Month Prices include HST Nominal projected cost including inflation Real in 2010 dollars 15

16 Economic Benefits of Slowing Wind Development Research study Impact of reducing planned wind power investment and investing in natural gas generation McMaster University/Econometric Research study indicated that replacing about half of planned wind generation capacity (to 5,700 MW from 10,700 MW) with natural gas generation will result in: Capital Cost Ontario GDP Ontario Employment Ontario Wages Provincial Tax Revenue $5.7B $4.4B 512,494 Person years $2.6B $533m Note: Capital costs only, not fuel costs 16

17 Thank You 17

Electricity Prices Panel

Electricity Prices Panel Electricity Prices Panel Presentation to CCRE Roundtable Hockley Valley March 27, 214 Amir Shalaby, Vice President, Power System Planning March 27, 214 Today s Journey to Residential Bills Part I: Electricity

More information

Natural Gas: Winter 2012-13 Abundance! and Some Confusion

Natural Gas: Winter 2012-13 Abundance! and Some Confusion Natural Gas: Winter 2012-13 Abundance! and Some Confusion NASEO Winter Fuels Outlook Washington, D.C. October 10, 2012 Bruce B. Henning Vice President, Energy Regulatory and Market Analysis BHenning@icfi.com

More information

Natural Gas and Electricity Coordination Experiences and Challenges

Natural Gas and Electricity Coordination Experiences and Challenges 1 Natural Gas and Electricity Coordination Experiences and Challenges Challenges Facing the New England Power System Gordon van Welie, President and CEO, ISO New England 2015 IEEE Power & Energy Society

More information

Customer Bill Impacts of Generation Sources in Ontario. Canadian Wind Energy Association

Customer Bill Impacts of Generation Sources in Ontario. Canadian Wind Energy Association Customer Bill Impacts of Generation Sources in Ontario Prepared for: Canadian Wind Energy Association February 15, 2013 poweradvisoryllc.com 978 369-2465 Table of Contents Executive Summary... i 1. Introduction

More information

Electricity Supply. Monthly Energy Output by Fuel Type (MWh)

Electricity Supply. Monthly Energy Output by Fuel Type (MWh) Ontario Energy Report Q4 Electricity October December Electricity Supply Electricity production was lower in Q4 than in previous years, with milder than normal weather in October and December resulting

More information

Supply Options for the U.S. Northeast

Supply Options for the U.S. Northeast Supply Options for the U.S. Northeast NECA Annual Conference on Fuels Tim Stringer Manager, Commercial East Agenda 2009 Supply/Demand Outlook TransCanada Key Initiatives Connecting new supply Northern

More information

Outlook for the North American and Ontario Gas Markets

Outlook for the North American and Ontario Gas Markets Outlook for the North American and Ontario Gas Markets Union Gas Customer Meeting London, Ontario June 5, 2014 Presented by: Frank Brock Senior Energy Market Specialist ICF International Frank.Brock@ICFI.COM

More information

Displacement of Coal with Natural Gas to Generate Electricity

Displacement of Coal with Natural Gas to Generate Electricity Displacement of Coal with Natural Gas to Generate Electricity The American Coalition for Clean Coal Electricity (ACCCE) supports a balanced energy strategy that will ensure affordable and reliable energy,

More information

Electricity Rates Forecasting:

Electricity Rates Forecasting: Electricity Rates Forecasting: Muskrat Falls Will Options: Stabilize Rates for Consumers Legal S92A, Good Faith and Regulatory Proceedings in Quebec Department of Natural Resources October 2012 Department

More information

Ontario Wholesale Electricity Market Price Forecast. Ontario Energy Board

Ontario Wholesale Electricity Market Price Forecast. Ontario Energy Board Ontario Wholesale Electricity Market Price Forecast For the Period May 1, 2015 through October 31, 2016 Presented to Ontario Energy Board April 20, 2015 Navigant Consulting Ltd. 333 Bay Street, Suite 1250

More information

7 th TYNDP WS. The role of storage in a liberalized market. Georg Dorfleutner RAG Energy Storage GmbH www.rag-energy-storage.

7 th TYNDP WS. The role of storage in a liberalized market. Georg Dorfleutner RAG Energy Storage GmbH www.rag-energy-storage. 7 th TYNDP WS The role of storage in a liberalized market Georg Dorfleutner RAG Energy Storage GmbH www.rag-energy-storage.at Unbundled SSO since 1.1.2013 Operating a storage-pool in Austria - CEGH TOV:

More information

Your guide to electricity pricing in Ontario

Your guide to electricity pricing in Ontario Your guide to electricity pricing in Ontario A guide designed to help you understand and decipher the components of your electricity bill for your Ontario-based commercial or manufacturing business. -

More information

The Economic Impacts of Reducing. Natural Gas and Electricity Use in Ontario

The Economic Impacts of Reducing. Natural Gas and Electricity Use in Ontario The Economic Impacts of Reducing Natural Gas and Electricity Use in Ontario Prepared for Blue Green Canada July 2013 Table of Contents Executive Summary... i Key Findings... i Introduction...1 Secondary

More information

Austin Energy Quarterly Report. Austin Energy. April 26, 2011. Mission: Deliver clean, affordable, reliable energy and excellent customer service.

Austin Energy Quarterly Report. Austin Energy. April 26, 2011. Mission: Deliver clean, affordable, reliable energy and excellent customer service. Austin Energy Quarterly Report Austin Energy April 26, 2011 Mission: Deliver clean, affordable, reliable energy and excellent customer service. Agenda Electric Rate Design Status Report Residential Rate

More information

Expanding Natural Gas Service: Opportunities for American Homes and Business

Expanding Natural Gas Service: Opportunities for American Homes and Business Expanding Natural Gas Service: Opportunities for American Homes and Business NARUC Staff Subcommittee on Gas Washington, D.C. February 3, 2013 Bruce B. Henning Vice President, Energy Regulatory and Market

More information

A Green Sector Overview

A Green Sector Overview A Green Sector Overview Micro Hydro Electric Power Ontario's Waterpower Resources: Past and Present The first hydroelectric generator in Canada was installed near Ottawa, which was the first city in North

More information

Natural Gas / Electricity and the Industrial Sector. The Dismantling of US Manufacturing

Natural Gas / Electricity and the Industrial Sector. The Dismantling of US Manufacturing Natural Gas / Electricity and the Industrial Sector The Dismantling of US Manufacturing Paul Cicio President Industrial Energy Consumers of America August, 2007 Who Are Energy Price Sensitive Industries?

More information

Market Update. Natural Gas & Electricity. David Alicandri Vice President, Operations & Portfolio Management

Market Update. Natural Gas & Electricity. David Alicandri Vice President, Operations & Portfolio Management Market Update Natural Gas & Electricity David Alicandri Vice President, Operations & Portfolio Management May 2015 Safe harbor statement Agenda Who We Are Natural Gas Market Update Electricity Update Questions

More information

Benefits of AMI/HAN for Retail Electric Providers Glen Stancil VP, Retail Planning and Development

Benefits of AMI/HAN for Retail Electric Providers Glen Stancil VP, Retail Planning and Development Benefits of AMI/HAN for Retail Electric Providers Glen Stancil VP, Retail Planning and Development Reliant Energy ZigBee Powers Energy Efficiency - HAN Webinar August 14, 2007 1 Reliant Overview Wholesale

More information

USAEE Meeting. Houston, TX. Presented by: George Lippman President of Lippman Consulting, Inc. (915) 838-1619

USAEE Meeting. Houston, TX. Presented by: George Lippman President of Lippman Consulting, Inc. (915) 838-1619 USAEE Meeting Houston, TX April 14, 2011 Presented by: George Lippman President of (915) 838-1619 How Shales have changed U.S. Gas Supply But at what cost? Lower 48 States Production Major Shale Production

More information

COMPARISON OF ELECTRICITY GENERATION COST OF NPP WITH ALTERNATES IN PAKISTAN

COMPARISON OF ELECTRICITY GENERATION COST OF NPP WITH ALTERNATES IN PAKISTAN COMPARISON OF ELECTRICITY GENERATION COST OF NPP WITH ALTERNATES IN PAKISTAN IAEA INPRO dialogue forum 8 toward nuclear energy system sustainability: economics, resource availability and institutional

More information

FACT SHEET. NEM fast facts:

FACT SHEET. NEM fast facts: (NEM) operates on one of the world s longest interconnected power systems, stretching from Port Douglas in Queensland to Port Lincoln in South Australia and across the Bass Strait to Tasmania a distance

More information

Impact of Changing Energy Patterns on EU Competitiveness Giovanni Brianza 30 April 2014 Energy prices in EU Gas prices in major EU manufacturing economies 2 3 times higher than in the US...... and industrial

More information

North American Natural Gas Midstream Infrastructure Through 2035: A Secure Energy Future

North American Natural Gas Midstream Infrastructure Through 2035: A Secure Energy Future North American Natural Gas Midstream Infrastructure Through 2035: A Secure Energy Future Updated Supply Demand Outlook Background Executive Summary June 28, 2011 Sufficient midstream natural gas infrastructure,

More information

Global Shale Energy Development: Expanding Economics, Trends, and Implications

Global Shale Energy Development: Expanding Economics, Trends, and Implications Global Shale Energy Development: Expanding Economics, Trends, and Implications New and Historic Energy Direction with Shale Increasing share of U.S. natural gas production. 50%? 70%? (2040) Energy security

More information

Energy BUSINESS PLAN 2015 18 ACCOUNTABILITY STATEMENT THE MINISTRY LINK TO GOVERNMENT OF ALBERTA STRATEGIC DIRECTION

Energy BUSINESS PLAN 2015 18 ACCOUNTABILITY STATEMENT THE MINISTRY LINK TO GOVERNMENT OF ALBERTA STRATEGIC DIRECTION Energy BUSINESS PLAN 205 8 ACCOUNTABILITY STATEMENT This business plan was prepared under my direction, taking into consideration the government s policy decisions as of October 5, 205. original signed

More information

NATURAL GAS - WHY SO LITTLE RECOGNITION?

NATURAL GAS - WHY SO LITTLE RECOGNITION? NATURAL GAS - WHY SO LITTLE RECOGNITION? Steve Davies Policy Adviser Australian Pipeline Industry Association Overview Natural Gas in Australia Real energy contribution Natural gas can help in many ways

More information

The North American Process: Steps Toward Stronger Partnership A Working Symposium

The North American Process: Steps Toward Stronger Partnership A Working Symposium The North American Process: Steps Toward Stronger Partnership A Working Symposium Hyatt Regency, Phoenix March 30-31, 2016 North American Electricity Primer Sapna Gupta Senior Policy Analyst, Morrison

More information

Sabal Trail Transmission, LLC

Sabal Trail Transmission, LLC FGU 2014 ANNUAL MEETING JUNE 25, 2014 Sabal Trail Transmission, LLC Connecting diverse natural gas supplies to southeast markets Josh Browning Changing Natural Gas Flows Value of capacity increases with

More information

Achieving Balance. Ontario s Long-Term Energy Plan

Achieving Balance. Ontario s Long-Term Energy Plan Achieving Balance Ontario s Long-Term Energy Plan Table of Contents Minister s Message... 2 Executive Summary... 4 1 Where We Are Now... 8 2 Putting Conservation First... 20 3 A Reliable and Clean Supply...28

More information

The Real Cost of Electrical Energy. Outline of Presentation

The Real Cost of Electrical Energy. Outline of Presentation 2 Outline of Presentation Data Sources Electricity Demand and Supply Cost to Meet Demand Profile Electricity Pricing Cost Impact of Dispatching Generation (Load Following) Simplifying Assumptions Electricity

More information

2010 Natural Gas Market Review

2010 Natural Gas Market Review 2010 Natural Gas Market Review August 20, 2010 Submitted to: Ontario Energy Board P.O. Box 2319 2300 Yonge Street 27th. Floor Toronto ON M4P 1E4 Submitted by: ICF International 277 Wellington St. W Toronto,

More information

J.P. Morgan Energy Conference

J.P. Morgan Energy Conference J.P. Morgan Energy Conference June 27, 2016 Don Marchand, Executive Vice President, Corporate Development and Chief Financial Officer Forward Looking Information and Non-GAAP Measures This presentation

More information

Questions and Answers Electricity Rates in NL Updated November 2015

Questions and Answers Electricity Rates in NL Updated November 2015 Questions and Answers Electricity Rates in NL Updated November 2015 November 2015 Following the capital cost update for the Muskrat Falls Project in September 2015, Nalcor was requested to provide information

More information

YOUR HOME ELECTRICITY BILL

YOUR HOME ELECTRICITY BILL YOUR HOME ELECTRICITY BILL A study on the costs in Ontario INTRODUCTION The cost to power and heat our homes is something many Ontario residents pay close attention to. The colder-than-normal winter and

More information

Overview of Long Island Electric Service Territory

Overview of Long Island Electric Service Territory Overview of Long Island Electric Service Territory Long Island Electric Service Territory» Long Island s electric service customers are located in Nassau County and Suffolk County (except for the villages

More information

Grid Operations and Planning

Grid Operations and Planning Grid Operations and Planning Report Kent Saathoff ERCOT Board of Directors April 20, 2010 Kent Content Summary March 2010 Operations Peak Demand: Actual vs. Forecast On-line Resources: Total at Peak and

More information

Canada A Global Leader in Renewable Energy Enhancing Collaboration on Renewable Energy Technologies

Canada A Global Leader in Renewable Energy Enhancing Collaboration on Renewable Energy Technologies Canada A Global Leader in Renewable Energy Enhancing Collaboration on Renewable Energy Technologies Energy and Mines Ministers Conference Yellowknife, Northwest Territories August 2013 Canada A Global

More information

Wind Turbine Manufacturers. Renewables Advocates. Retail Customers. Wind Project Generators. Gas, Nuclear and other Generators. Electric Utilities

Wind Turbine Manufacturers. Renewables Advocates. Retail Customers. Wind Project Generators. Gas, Nuclear and other Generators. Electric Utilities Wind Turbine Manufacturers Wind Project Generators Coal, Gas, Nuclear and and other Generators Renewables Advocates Electric Utilities Regulatory Commissions Retail Customers Wind Turbine Manufacturers

More information

a leading North American energy infrastructure company

a leading North American energy infrastructure company CORPORATE PROFILE a leading North American energy infrastructure company December 2012 Building and operating safe and reliable energy infrastructure it is what we do and we do it well. Millions of people

More information

Direct Energy Business Monthly Webinar. Expressly for Channel Partners February 25, 2016

Direct Energy Business Monthly Webinar. Expressly for Channel Partners February 25, 2016 Direct Energy Business Monthly Webinar Expressly for Channel Partners February 25, 2016 Webinar Agenda Tim Bigler, Sr. Market Strategist Commodity Market Update Beau Gjerdingen, Meteorologist Spring weather

More information

The Economics of Solar in Alberta

The Economics of Solar in Alberta The Economics of Solar in Alberta A White Paper Authors: David Kelly, P.Eng, David Vonesch, BSc. Eng, and Tim Schulhauser, P.Eng, SkyFire Energy Inc. The Choice Albertans have a choice about how they purchase

More information

High Prices Show Stresses in New England Natural Gas Delivery System

High Prices Show Stresses in New England Natural Gas Delivery System February 7, 2014 High Prices Show Stresses in New England Natural Gas Delivery System Abstract. Since 2012, limited supply from the Canaport and Everett liquefied natural gas (LNG) terminals coupled with

More information

Energy Prices, Climate Change Policy and U.S. Economic Growth

Energy Prices, Climate Change Policy and U.S. Economic Growth Energy Prices, Climate Change Policy and U.S. Economic Growth Prepared for: Southern Growth Policies Board Annual Conference Biloxi, Mississippi June 8, 2009 By: Dr. Margo Thorning, Ph.D. Senior Vice President

More information

Implementation. Senior Expert Bioenergy

Implementation. Senior Expert Bioenergy Development of Renewable Energy Implementation in the Netherlands Kees Kwant Senior Expert Bioenergy 1 Governmental Plan 18 Sept 2007 2% efficiency/year i improvement More power from coal, but clean, CCS

More information

Solar Energy in Ontario

Solar Energy in Ontario Solar Energy in Ontario Wednesday, November 30, 2011 Presentation Outline Introduction to CanSIA Solar Resource in Canada Solar Facts and Background Solar Photovoltaics (PV) Overview Ontario is the Focus

More information

Keisuke Sadamori Director, Energy Markets and Security International Energy Agency Kuala Lumpur, 8 October

Keisuke Sadamori Director, Energy Markets and Security International Energy Agency Kuala Lumpur, 8 October Keisuke Sadamori Director, Energy Markets and Security International Energy Agency Kuala Lumpur, 8 October The context Southeast Asia is a key pillar of Asia s growth A mix of countries with disparate

More information

NEWENGLANDGASSTUDY PROPOSALDISCUSSION

NEWENGLANDGASSTUDY PROPOSALDISCUSSION NEWENGLANDGASSTUDY PROPOSALDISCUSSION Dennis Eklof September 8, 2014 The opinions and analysis in this presentation are solely those of its author and do not necessarily reflect the views of any others

More information

Working Capital and the Financing Decision C H A P T E R S I X

Working Capital and the Financing Decision C H A P T E R S I X Working Capital and the Financing Decision C H A P T E R S I X Limited 2000 Figure 6-1a The nature of asset growth A. Stage I: Limited or no Growth PPT 6-1 Dollars Temporary current assets Capital assets

More information

Western Australia and the Northern Territory are not connected to the NEM, primarily due to the distance between networks.

Western Australia and the Northern Territory are not connected to the NEM, primarily due to the distance between networks. Australia has one of the world s longest alternating current (AC) systems, stretching from Port Douglas in Queensland to Port Lincoln in South Australia and across the Bass Strait to Tasmania a distance

More information

RE-POWERING MARKETS Market design and regulation during the transition to low-carbon power systems

RE-POWERING MARKETS Market design and regulation during the transition to low-carbon power systems RE-POWERING MARKETS Market design and regulation during the transition to low-carbon power systems EC-IEA Roundtatble on electricity market design and regulation Brussels, 18 February 2016 Power markets

More information

The Fundamentals of Alternative Energy

The Fundamentals of Alternative Energy The Fundamentals of Alternative Energy Retail Fundamentals Presented by Theresa Howland, ENMAX Energy Corp. Canadian Electricity Association November 25, 2002 ENMAX Background Calgary ENMAX Corporation

More information

Spectra Energy Builds a Business

Spectra Energy Builds a Business » Introducing Spectra Energy Builds a Business CEO Fowler on Challenges Ahead By Martin Rosenberg Natural gas once again looms as an important fuel for electricity generation, given a spate of cancellations

More information

North American Energy Independence A bump in the road

North American Energy Independence A bump in the road Wealth Management Research October 2015 A bump in the road Nicole Decker Equity Sector Strategist, Energy This report has been prepared by UBS Financial Services, Inc. Please see important disclaimers

More information

PROVINCIAL OUTLOOK UPDATE February 6, 2015

PROVINCIAL OUTLOOK UPDATE February 6, 2015 PROVINCIAL OUTLOOK UPDATE February 6, 2015 Real GDP growth 2015 Annual % change CANADA B.C. 2.4 2.7 2.9 3.1 Several developments have occurred since the publication of our most recent Provincial Outlook

More information

Short-Term Energy Outlook Supplement: Summer 2013 Outlook for Residential Electric Bills

Short-Term Energy Outlook Supplement: Summer 2013 Outlook for Residential Electric Bills Short-Term Energy Outlook Supplement: Summer 2013 Outlook for Residential Electric Bills June 2013 Independent Statistics & Analysis www.eia.gov U.S. Department of Energy Washington, DC 20585 This report

More information

RENEWABLE ENERGY INVESTMENTS Rising Star In Fast Developing Market Turkey

RENEWABLE ENERGY INVESTMENTS Rising Star In Fast Developing Market Turkey THE UNION OF CHAMBERS AND COMMODITY EXCHANGES OF TURKEY RENEWABLE ENERGY INVESTMENTS Rising Star In Fast Developing Market Turkey 17.April 2012 Gökmen Topuz Energy Council Vice Chairman INDEX Turkish Energy

More information

THE TRILATERAL COMMISSION 2008 NORTH AMERICAN REGIONAL MEETING OTTAWA, ONTARIO, CANADA, NOVEMBER 21-23, 2008

THE TRILATERAL COMMISSION 2008 NORTH AMERICAN REGIONAL MEETING OTTAWA, ONTARIO, CANADA, NOVEMBER 21-23, 2008 THE TRILATERAL COMMISSION 2008 NORTH AMERICAN REGIONAL MEETING OTTAWA, ONTARIO, CANADA, NOVEMBER 21-23, 2008 ENERGY REQUIREMENTS AND PLANNING IN NORTH AMERICA: 2018 Harold Kvisle I would like to start

More information

Barry Posner Exelon PowerTeam Illinois Energy Summit November 4, 2009

Barry Posner Exelon PowerTeam Illinois Energy Summit November 4, 2009 Electricity it Price Drivers Barry Posner Exelon PowerTeam Illinois Energy Summit November 4, 2009 Power Pi Price Di Drivers: GFELT G.F.E.L.T. Transmission Generation Fuels Load Emissions 2 Power Market

More information

rising Electricity Costs:

rising Electricity Costs: rising Electricity Costs: A Challenge For Consumers, Regulators, And Utilities Electricity is the lifeblood of the U.S. economy. It powers our homes, offices, and industries; provides communications, entertainment,

More information

BCSE Briefing: Driving US Economic Growth and Jobs. Chris Perrault, Vice President January 26, 2011

BCSE Briefing: Driving US Economic Growth and Jobs. Chris Perrault, Vice President January 26, 2011 BCSE Briefing: Driving US Economic Growth and Jobs Chris Perrault, Vice President January 26, 2011 Key Messages Job growth opportunities from energy efficiency and related technologies (smart grid, etc.)

More information

The Solar Market in New Jersey. Anne Hoskins Senior Vice President, Public Affairs and Sustainability PSEG

The Solar Market in New Jersey. Anne Hoskins Senior Vice President, Public Affairs and Sustainability PSEG The Solar Market in New Jersey Anne Hoskins Senior Vice President, Public Affairs and Sustainability PSEG New Jersey s Renewable Portfolio Standard Electric Discount and Energy Competition Act 1999 Established

More information

WP-07 Power Rate Case Workshop

WP-07 Power Rate Case Workshop WP-07 Power Rate Case Workshop Date of Workshop: Topic(s): , Overview Results BPA price forecast and comparison with other forecasts Assumptions Supply and demand fundamentals for the short / medium /

More information

Opportunity, Policy, and Practice for Renewable Energy: New Mexico Case Study

Opportunity, Policy, and Practice for Renewable Energy: New Mexico Case Study Opportunity, Policy, and Practice for Renewable Energy: New Mexico Case Study 1 Federal policy: RPS, RES, CES Program Design Element S 3813 Renewable Energy Promotion Act 2010 (Bingaman) S. 1462 American

More information

As Gas Prices Pinch, Support for Oil and Gas Production Grows

As Gas Prices Pinch, Support for Oil and Gas Production Grows MONDAY, MARCH 19, 2012 Those Aware of Fracking Favor Its Use As Gas Prices Pinch, Support for Oil and Gas Production Grows FOR FURTHER INFORMATION CONTACT: Andrew Kohut President, Pew Research Center Carroll

More information

CANADIAN RENEWABLE ENERGY POLICIES. Matthew H. Brown InterEnergy Solutions 2007

CANADIAN RENEWABLE ENERGY POLICIES. Matthew H. Brown InterEnergy Solutions 2007 CANADIAN RENEWABLE ENERGY POLICIES Matthew H. Brown InterEnergy Solutions 2007 The following offers an overview of Canadian federal and provincial policies that promote renewable energy. It is excerpted

More information

GLOBAL RENEWABLE ENERGY MARKET OUTLOOK 2013

GLOBAL RENEWABLE ENERGY MARKET OUTLOOK 2013 GLOBAL RENEWABLE ENERGY MARKET OUTLOOK 213 FACT PACK GUY TURNER HEAD OF ECONOMICS AND COMMODITIES APRIL 26, 213 GLOBAL RENEWABLE ENERGY MARKET OUTLOOK, 26 APRIL 213 1 INTRODUCTION This year s Global Renewable

More information

NEVADA S ELECTRIC POWER SYSTEM AND THE CLEAN POWER PLAN

NEVADA S ELECTRIC POWER SYSTEM AND THE CLEAN POWER PLAN ADVANCED ENERGY ECONOMY the business voice of advanced energy NEVADA S ELECTRIC POWER SYSTEM AND THE CLEAN POWER PLAN The U.S. Environmental Protection Agency (EPA) will soon release the final rule for

More information

Electricity Costs White Paper

Electricity Costs White Paper Electricity Costs White Paper ISO New England Inc. June 1, 2006 Table of Contents Executive Summary...1 Highlights of the Analysis...1 Components of Electricity Rates...2 Action Plan for Managing Electricity

More information

2015 Year-end Survey of Business Conditions

2015 Year-end Survey of Business Conditions 2015 Year-end Survey of Business Conditions Industrial Chemicals D E C E M B E R 2 0 1 5 2015 Year-End Survey of Business Conditions 1 In d u strial Ch em icals H IGH LIGH TS In 2015: Sales of industrial

More information

FINNGULF LNG LNG IMPORT TO FINLAND

FINNGULF LNG LNG IMPORT TO FINLAND FINNGULF LNG LNG IMPORT TO FINLAND CLEANLY WITH NATURAL ENERGY GASES Gasum is a Finnish expert in natural energy gases. We import natural gas to Finland, and transmit and supply it for energy production,

More information

Example of a diesel fuel hedge using recent historical prices

Example of a diesel fuel hedge using recent historical prices Example of a diesel fuel hedge using recent historical prices Firm A expects to consume 5,, litres of diesel fuel over the next 12 months. Fuel represents a large expense for the firm, and volatile prices

More information

Analysis of electricity production in EU-28 up to 2014 with a focus on renewables

Analysis of electricity production in EU-28 up to 2014 with a focus on renewables Renewables International. www.renewablesinternational.net Analysis of electricity production in EU-28 up to 2014 with a focus on renewables Bernard CHABOT BCCONSULT, Garbejaire B107, 06560 VALBONNE, France

More information

Central Toronto Integrated Regional Resource Plan (IRRP) Introduction to the Engagement and IRRP Overview

Central Toronto Integrated Regional Resource Plan (IRRP) Introduction to the Engagement and IRRP Overview Central Toronto Integrated Regional Resource Plan (IRRP) Introduction to the Engagement and IRRP Overview September 11, 2014 THIS WEBINAR IS THE BEGINNING OF AN ENGAGEMENT PROCESS Introduction to the Integrated

More information

On October 21, 2008, the Federal Reserve

On October 21, 2008, the Federal Reserve Anticipated Recession Effects Gas Prices Natural Gas Prices in a Recession This is a preprint of an article published in Natural Gas & Electricity 2008, Dec., Wiley Periodicals, Inc. http://www3.interscience.wiley.com/cgi-bin/jhome/105559587

More information

Energy supply and consumption

Energy supply and consumption Energy 2014 Energy supply and consumption 2014, 2nd quarter Total energy consumption fell by 7 per cent in January to June According to Statistics Finland's preliminary data, total energy consumption in

More information

Energy Perspectives 2015 Long-term macro and market outlook. Press seminar, Oslo, 4 June 2015 Eirik Wærness, Chief economist

Energy Perspectives 2015 Long-term macro and market outlook. Press seminar, Oslo, 4 June 2015 Eirik Wærness, Chief economist Energy Perspectives 215 Long-term macro and market outlook Press seminar, Oslo, June 215 Eirik Wærness, Chief economist 2 Energy Perspectives 215 Macro and market outlook to 2 www.statoil.com/energyperspectives

More information

PROJECT EXPERIENCE Development/Transaction Support United States MANAGING DIRECTOR

PROJECT EXPERIENCE Development/Transaction Support United States MANAGING DIRECTOR Peter Abt Mr. Abt is a Managing Director in Black & Veatch s Management Consulting Division. He leads the division s Oil & Gas Strategy practice and holds primary responsibility for client management and

More information

Needs For and Alternatives To Overview Meeting Manitobans Electricity Needs. Meeting Manitobans Electricity Needs

Needs For and Alternatives To Overview Meeting Manitobans Electricity Needs. Meeting Manitobans Electricity Needs Meeting Manitobans Electricity Manitoba is growing and is expected to continue doing so. Over the last years the province has enjoyed an expanding population and economy. These increases have led to many

More information

Statement for the Record

Statement for the Record Statement for the Record Kevin R. Hennessy Director Federal, State and Local Affairs New England Dominion Resources, Inc. Infrastructure Needs for Heat and Power Quadrennial Energy Review Task Force April

More information

The Canadian Petroleum Products Institute Tony Macerollo, Vice President, Public and Government Affairs. June 2007

The Canadian Petroleum Products Institute Tony Macerollo, Vice President, Public and Government Affairs. June 2007 Presentation to the Standing Committee on Industry, Science, and Technology On Gas pricing and Refining Margins By The Canadian Petroleum Products Institute Tony Macerollo, Vice President, Public and Government

More information

Business Plan: Energy Conservation

Business Plan: Energy Conservation Business Plan: Energy Conservation How does this service contribute to the results identified in the City of London Strategic Plan? A Green and Growing City A Strong Economy This business area s key focus

More information

Electricity Pricing. An Introduction to Canadian Electricity Rates

Electricity Pricing. An Introduction to Canadian Electricity Rates Electricity Pricing An Introduction to Canadian Electricity Rates Canadian Electricity Pricing - Introduction Canada benefits from amongst the lowest rates of electricity worldwide. Global statistics show

More information

Energy Productivity & Pricing

Energy Productivity & Pricing Energy Productivity & Pricing Markets for energy, renewable energy and carbon Dr Jenny Riesz February 2014 2 Average electricity retail prices Electricity price rises CSIRO Future Grid (2013) Change and

More information

Rethinking Variable Electric Rate Plans in Texas The case to get out of any fixed rate contract over.16 per kwh

Rethinking Variable Electric Rate Plans in Texas The case to get out of any fixed rate contract over.16 per kwh Rethinking Variable Electric Rate Plans in Texas The case to get out of any fixed rate contract over.16 per kwh a White Paper from Bounce Energy Bounce Energy 2802 Albany Houston, TX 77006 1 888 452 6862

More information

3.03. Electricity Sector Renewable Energy Initiatives. Chapter 3 Section. Background. Ministry of Energy

3.03. Electricity Sector Renewable Energy Initiatives. Chapter 3 Section. Background. Ministry of Energy Chapter 3 Section 3.03 Ministry of Energy Electricity Sector Renewable Energy Initiatives Background The government is responsible for setting the legislative and policy framework over the production,

More information

BC s Colleges: Putting British Columbians First in Line

BC s Colleges: Putting British Columbians First in Line BC s Colleges: Putting British Columbians First in Line The Situation There are 985,100 job openings forecast by 2022; the largest percentage, 44 per cent, require a college education. Between 2019 and

More information

Argentina Energy efficiency report

Argentina Energy efficiency report Argentina Energy efficiency report Objectives: o 5.4% energy savings in industry in 216 o 6% electricity savings in 216 Overview 2- (%/year) Primary intensity (EU=1)¹ 16 - -2.3% + CO 2 intensity (EU=1)

More information

Natural Gas Pipeline and Storage Infrastructure Projections Through 2030

Natural Gas Pipeline and Storage Infrastructure Projections Through 2030 Natural Gas Pipeline and Storage Infrastructure Projections Through 2030 October 20, 2009 Submitted to: The INGAA Foundation, Inc. 10 G Street NE Suite 700 Washington, DC 20002 Submitted by: ICF International

More information

Wind Energy in Texas: Developments & Trends

Wind Energy in Texas: Developments & Trends Wind Energy in Texas: Developments & Trends German American Chamber of Commerce of the Southern United States, Inc. Silke Miehlke Director, Consulting Services 2011, Hannover Messe Agenda Market Overview

More information

Nuclear Power s Role in Enhancing Energy Security in a Dangerous World Al Shpyth, B.A., M.E.S. Director, Government Relations Cameco Corporation

Nuclear Power s Role in Enhancing Energy Security in a Dangerous World Al Shpyth, B.A., M.E.S. Director, Government Relations Cameco Corporation Nuclear Power s Role in Enhancing Energy Security in a Dangerous World Al Shpyth, B.A., M.E.S. Director, Government Relations Cameco Corporation Introduction: Should we be concerned about energy security?

More information

SOLAR PURCHASE POWER AGREEMENT (PPA) FREQUENTLY ASKED QUESTIONS. UPDATED: October 28, 2015

SOLAR PURCHASE POWER AGREEMENT (PPA) FREQUENTLY ASKED QUESTIONS. UPDATED: October 28, 2015 SOLAR PURCHASE POWER AGREEMENT (PPA) FREQUENTLY ASKED QUESTIONS UPDATED: October 28, 2015 1. Why Solar? Solar energy one of the cleanest and most abundant renewal energy sources available in Texas. Displacing

More information

Please address your inquiries to balances@iea.org.

Please address your inquiries to balances@iea.org. Excerpt from: ii - EXCERPT FROM ENERGY BALANCES OF OECD COUNTRIES (215 edition) The following analysis is an excerpt from the publication Energy Balances of OECD Countries (215 edition). Please note that

More information

Why Policy Matters. Renewable Energy Market Momentum at Risk. June 2015

Why Policy Matters. Renewable Energy Market Momentum at Risk. June 2015 Why Policy Matters Renewable Energy Market Momentum at Risk June 2015 Executive Summary Effective policies such as the Production Tax Credit (PTC) and Investment Tax Credit (ITC) have been key motivators

More information

BLOOMBERG NEW ENERGY FINANCE SUMMIT

BLOOMBERG NEW ENERGY FINANCE SUMMIT BLOOMBERG NEW ENERGY FINANCE SUMMIT NEW YORK 8 APRIL 2014 MICHAEL LIEBREICH CHAIRMAN OF THE ADVISORY BOARD TWITTER: @MLIEBREICH #BNEF2014 Michael Liebreich BNEFSummit 2014 Twitter: @Mliebreich #BNEF2014

More information

Renewable Energy Finance, Market & Policy Overview

Renewable Energy Finance, Market & Policy Overview Renewable Energy Finance, Market & Policy Overview April 2014 Generation (TWh) - Solid Lines Retail Cost ($/kwh) - Dashed Lines Renewable Energy Policy is Driving Massive Private Capital Investment The

More information

Transforming America s Energy Future. Kentucky. Energy Statistics. Developed by

Transforming America s Energy Future. Kentucky. Energy Statistics. Developed by Transforming America s Energy Future Kentucky Energy Statistics Developed by 2 2 Summary The first edition of Kentucky Energy Statistics is offered by the National Association for State Energy Officials

More information

Planning for Arizona s Energy Future

Planning for Arizona s Energy Future Planning for Arizona s Energy Future Brad Albert, General Manager of Renewable Resources Arizona Public Service Co. National Conference of State Legislators (NCSL), Energy Task Force December 8, 2010 Regulatory

More information

Remaining Competitive in an Evolving Power Landscape

Remaining Competitive in an Evolving Power Landscape Remaining Competitive in an Evolving Power Landscape Western Business Outlook, Conference Board of Canada The Ranchmen s Club Calgary, Alberta May 23, 2014 Check Against Delivery Thanks, Glen. It s a pleasure

More information

NATURAL GAS DEMAND AND SUPPLY Long Term Outlook to 2030

NATURAL GAS DEMAND AND SUPPLY Long Term Outlook to 2030 1. Background On different occasions, Eurogas is asked to present its views on the future of the European gas industry. The forecasts are mainly needed for conferences and bilateral discussions with European

More information