Role of Energy Efficiency in Rebalancing Natural Gas Markets

Size: px
Start display at page:

Download "Role of Energy Efficiency in Rebalancing Natural Gas Markets"

Transcription

1 Role of Energy Efficiency in Rebalancing Natural Gas Markets R. Neal Elliott, Ph.D., P.E. Industrial Program Director ACEEE Washington, D.C. July 26, 2005

2 The American Council for an Energy Efficient Economy (ACEEE) Non-profit (501c (3)) dedicated to advancing energy efficiency through research and dissemination. 25 staffers in Washington DC, Delaware, Michigan and Wisconsin Industry, Buildings, Utilities, Transportation, and National Policy Conferences and Publications Funding: Foundation and Federal grants (50%) Specific Contract work (20%) Conferences and Publications (25%)

3 Natural Gas Consumption by Sector 25,000,000 Electric Power Transport 20,000,000 15,000,000 10,000,000 Industrial Commercial Residential Consumption (Mill. Cubic Feet) 5,000, Source: EIA 2003

4 U.S. Dry Natural Gas Production 25,000,000 20,000,000 Domestic Production Peaked in ,000,000 10,000,000 Dry Production (MMcf) 5,000, Source: EIA 2004

5 U.S. Sources of NatGas 22,000,000 20,000,000 18,000,000 16,000,000 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 Canada LNG U.S. Production Production or Imports (MMcf) 2,000, Source: EIA 2004

6 Average Monthly NatGas Prices Well head Industrial Residential Average Monthly NG Prices ($/MMBtus) January-85 January-86 January-87 January-88 January-89 January-90 January-91 January-92 January-93 January-94 January-95 January-96 January-97 January-98 January-99 January-00 January-01 January-02 January-03 January-04 January-05 January-06 Source: ACEEE 2005 from DOE/EIA Data 2005

7 Natural Gas Markets Lower-48 Dry Gas Production vs. Dry Gas Productive Capacity (Bcfd) $10 $9 $8 $7 $6 $5 $4 $3 $2 $1 $0 Historical Gas Price at Henry Hub ($ per MMBtu) Productive Capacity Gas Production Source: EEA 2005

8 Tight Markets Causing Economic Pain Fundamental supply/demand imbalance. High prices pinch gas-intensive industry and low-income residential consumers Limited near-term supply options Alaska Gas 8-12 and LNG 3-7 years away Demand reductions through efficiency and conservation most effective near-term strategy, and critical to the long-term plan

9 Role for Energy Efficiency Supply solutions take years to come to market If modest increases in gas demand produced large price increases, then small decreases should produce large price reductions Efficiency energy can produce savings in both the near-term and longer-term

10 ACEEE Research Approach Sector estimates by State of the nearterm implementable potential for energy efficiency and conservation programs for: 1. End-User Natural Gas 2. End-User Electricity Calculated reasonably achievable savings based on sector end-uses (i.e. space heating, motors, lighting...)

11 Using EEA Natural Gas Model EEA respected, independent natural gas analysts used for current and past NPC NatGas studies Fully integrated natural gas market model incorporating supply, transmission, storage and consumption at 106 nodes Using July 2003 projection as base case ACEEE modified consumption only model handles other issues (e.g., fuel switching, demand destruction, addition resource choices)

12 Impact of Energy Efficiency on Henry Hub Natural Gas Pricing EEA May 2004 National EE only Midwest EE only Historic NatGas Price ($/MMcf) Source: EEA 2004 and ACEEE 2005

13 Gas Consumption Reductions from Energy Efficiency 1,000, ,000 0 NatGas Savings (MMcf) -500,000-1,000,000-1,500,000-2,000,000-2,500,000-3,000,000 POWER GENERATION GAS DEMAND INDUSTRIAL GAS DEMAND COMMERCIAL GAS DEMAND RESIDENTIAL GAS DEMAND Source: ACEEE 2005

14 Benefits and Costs from Reductions in Energy Expenditures Total Benefits = $142,800 Million Total Investment and Program Costs = $22,441 Million Industrial Elec. 0.6% Power Gen. Gas 39.3% Commercial Elec. 26.5% Industrial Elec. 15.1% Commercial Elec. 1.2% Residential Elec. 1.2% Residential Gas 9.5% Commercial Gas 1.8% Industrial Gas 27.0% Industrial Gas 3.2% Commercial Gas 2.0% Benefits Residential Gas 28.8% Residential Elec. 44.0% Costs

15 Conclusions We can do something about high natural gas prices encourage energy efficiency Only viable near-term options supply options will take 2-7 years Electric efficiency critical because of expanded natural gas generation National decision makers need to lead NOW consumers are motivated but need direction Sooner we start the sooner states will see benefits

16 Contact Information R. Neal Elliott, Ph.D., P.E. Industrial Program Director ACEEE 1001 Conn. Ave, NW, Suite 801 Washington, DC For more information and updates on Natural Gas and Energy Efficiency visit:

Energy Efficiency s Role in Getting America Out of Its Energy Straightjacket

Energy Efficiency s Role in Getting America Out of Its Energy Straightjacket Energy Efficiency s Role in Getting America Out of Its Energy Straightjacket R. Neal Elliott, Ph.D., P.E. Industrial Program Director ACEEE Jan-06 Industrial Energy Prices 17.00 15.00 13.00 11.00 9.00

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

The Effect of Natural Gas Supply on Retail Electricity Prices

The Effect of Natural Gas Supply on Retail Electricity Prices Date Issue Brief # I S S U E B R I E F The Effect of Natural Gas Supply on Retail Electricity Prices Karen Palmer, Dallas Burtraw, Matt Woerman, and Blair Beasley August 2012 Issue Brief 12-05 Resources

More information

One important issue in the debate about expediting the U.S. Department of Energy s LNG permitting

One important issue in the debate about expediting the U.S. Department of Energy s LNG permitting ACCF CENTER FOR POLICY RESEARCH SPECIAL REPORT NOVEMBER 2013 LNG EXPORTS: HOW MUCH WILL THEY IMPACT U.S. NATURAL GAS PRICES? BY MARGO THORNING, PH.D. SENIOR VICE PRESIDENT AND CHIEF ECONOMIST AMERICAN

More information

WHAT ABOUT CHEAP NATURAL GAS? WILL ENERGY OPTIMIZATION STILL BE COST-EFFECTIVE?

WHAT ABOUT CHEAP NATURAL GAS? WILL ENERGY OPTIMIZATION STILL BE COST-EFFECTIVE? WHAT ABOUT CHEAP NATURAL GAS? WILL ENERGY OPTIMIZATION STILL BE COST-EFFECTIVE? Presentation to the Michigan Energy Public Forum Traverse City, Michigan April 22, 2013 by Martin Kushler, Ph.D. Senior Fellow

More information

Countdown to Natural Gas: Beginning this Year, the Dynamics of the U.S. Natural Gas Market Will Change Forever

Countdown to Natural Gas: Beginning this Year, the Dynamics of the U.S. Natural Gas Market Will Change Forever Countdown to Natural Gas: Beginning this Year, the Dynamics of the U.S. Natural Gas Market Will Change Forever Alan Lammey, Sr. Energy Markets Analyst Who Is PointLogic Energy? PointLogic Energy provides

More information

NATURAL GAS PRICES TO REMAIN AT HIGHER LEVELS

NATURAL GAS PRICES TO REMAIN AT HIGHER LEVELS I. Summary NATURAL GAS PRICES TO REMAIN AT HIGHER LEVELS This brief white paper on natural gas prices is intended to discuss the continued and sustained level of natural gas prices at overall higher levels.

More information

LONG-TERM ASSESSMENT OF NATURAL GAS INFRASTRUCTURE TO SERVE ELECTRIC GENERATION NEEDS WITHIN ERCOT

LONG-TERM ASSESSMENT OF NATURAL GAS INFRASTRUCTURE TO SERVE ELECTRIC GENERATION NEEDS WITHIN ERCOT LONG-TERM ASSESSMENT OF NATURAL GAS INFRASTRUCTURE TO SERVE ELECTRIC GENERATION NEEDS WITHIN ERCOT Prepared for The Electric Reliability Council of Texas JUNE 2013 Black & Veatch Holding Company 2011.

More information

NATURAL GAS PRICE EFFECTS OF ENERGY EFFICIENCY AND RENEWABLE ENERGY PRACTICES

NATURAL GAS PRICE EFFECTS OF ENERGY EFFICIENCY AND RENEWABLE ENERGY PRACTICES NATURAL GAS PRICE EFFECTS OF ENERGY EFFICIENCY AND RENEWABLE ENERGY PRACTICES AND POLICIES R. Neal Elliott, Ph.D., P.E., Anna Monis Shipley, Steven Nadel, and Elizabeth Brown December 2003 Report Number

More information

And Then There Was Abundance: Examining Natural Gas in 2012. Bruce McDowell Director, Policy Analysis American Gas Association bmcdowell@aga.

And Then There Was Abundance: Examining Natural Gas in 2012. Bruce McDowell Director, Policy Analysis American Gas Association bmcdowell@aga. And Then There Was Abundance: Examining Natural Gas in 2012 Bruce McDowell Director, Policy Analysis American Gas Association bmcdowell@aga.org NOTICE: In issuing and making this presentation and publication

More information

Natural Gas Monthly. October 2015. Office of Oil, Gas, and Coal Supply Statistics www.eia.gov. U.S. Department of Energy Washington, DC 20585

Natural Gas Monthly. October 2015. Office of Oil, Gas, and Coal Supply Statistics www.eia.gov. U.S. Department of Energy Washington, DC 20585 Natural Gas Monthly October 2015 Office of Oil, Gas, and Coal Supply Statistics www.eia.gov U.S. Department of Energy Washington, DC 20585 This report was prepared by the U.S. Energy Information Administration

More information

Delaware s Energy Efficiency Potential and Program Scenarios to Meet Its Energy Efficiency Resource Standard

Delaware s Energy Efficiency Potential and Program Scenarios to Meet Its Energy Efficiency Resource Standard Delaware s Energy Efficiency Potential and Program Scenarios to Meet Its Energy Efficiency Resource Standard prepared for the Office of the Secretary Department of Natural Resources and Environmental Control

More information

Effect of Increased Natural Gas Exports on Domestic Energy Markets

Effect of Increased Natural Gas Exports on Domestic Energy Markets Effect of Increased Natural Gas Exports on Domestic Energy Markets as requested by the Office of Fossil Energy January 2012 This report was prepared by the U.S. Energy Information Administration (EIA),

More information

Understanding. Natural Gas Markets

Understanding. Natural Gas Markets Understanding Natural Gas Markets Table of Contents Overview 1 The North American Natural Gas Marketplace 3 Understanding Natural Gas Markets Natural Gas Demand 9 Natural Gas Supply 12 Summary 25 Glossary

More information

Representation of LPG Retail Costs TAFV Model Technical Note DRAFT David Bowman, Paul Leiby, and Jonathan Rubin

Representation of LPG Retail Costs TAFV Model Technical Note DRAFT David Bowman, Paul Leiby, and Jonathan Rubin February 5, 1998 Representation of LPG Retail Costs TAFV Model Technical Note DRAFT David Bowman, Paul Leiby, and Jonathan Rubin This note summarizes the treatment of the supply of Liquid Petroleum Gas

More information

Natural Gas Monthly. May 2016. Office of Oil, Gas, and Coal Supply Statistics www.eia.gov. U.S. Department of Energy Washington, DC 20585

Natural Gas Monthly. May 2016. Office of Oil, Gas, and Coal Supply Statistics www.eia.gov. U.S. Department of Energy Washington, DC 20585 Natural Gas Monthly May 2016 Office of Oil, Gas, and Coal Supply Statistics www.eia.gov U.S. Department of Energy Washington, DC 20585 This report was prepared by the U.S. Energy Information Administration

More information

Heating Oil Conservation and Fuel Switching

Heating Oil Conservation and Fuel Switching Heating Oil Conservation and Fuel Switching Summary: Demand Side Management for Heating Oil Demand side management (DSM) is the modification of consumer demand for energy through various methods such as

More information

Luke Saban, Peregrine Midstream Partners. Gas Storage Strategies Financing new asset development and expansion

Luke Saban, Peregrine Midstream Partners. Gas Storage Strategies Financing new asset development and expansion Luke Saban, Peregrine Midstream Partners Gas Storage Strategies Financing new asset development and expansion How are developers raising capital for new asset construction: Good projects with contracted

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

Presentation to the State of Alaska Legislature. Liquid Natural Gas (LNG) NPV Analysis and Results

Presentation to the State of Alaska Legislature. Liquid Natural Gas (LNG) NPV Analysis and Results Presentation to the State of Alaska Legislature Liquid Natural Gas (LNG) NPV Analysis and Results June 9, 2008 Key Conclusions LNG Projects Have Higher Capital Costs and Therefore Greater Risk than a Pipeline

More information

Note No. 141 April 1998. The United States enjoys a highly competitive natural gas market and an increasingly efficient

Note No. 141 April 1998. The United States enjoys a highly competitive natural gas market and an increasingly efficient Privatesector P U B L I C P O L I C Y F O R T H E Note No. 141 April 1998 Development of Competitive Natural Gas Markets in the United States Andrej Juris The United States enjoys a highly competitive

More information

A Look at Western Natural Gas Infrastructure During the Recent El Paso Pipeline Disruption

A Look at Western Natural Gas Infrastructure During the Recent El Paso Pipeline Disruption A Look at Western Natural Gas Infrastructure During the Recent El Paso Pipeline Disruption This analysis examines the impact of the August 2000 El Paso Natural Gas Pipeline system disruption upon the ability

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

Workshop E Best Practices in Industrial Energy Efficiency & the Value of Energy Efficiency Programs to Your Business/Organization

Workshop E Best Practices in Industrial Energy Efficiency & the Value of Energy Efficiency Programs to Your Business/Organization Workshop E Best Practices in Industrial Energy Efficiency & the Value of Energy Efficiency Programs to Your Business/Organization 1:45 p.m. to 3 p.m. Biographical Information Ethan Rogers, Senior Program

More information

June2015. Publishedby: PennsylvaniaPublicUtilityCommision P.O.Box3265 Harisburg,PA 17105-3265 www.puc.pa.gov

June2015. Publishedby: PennsylvaniaPublicUtilityCommision P.O.Box3265 Harisburg,PA 17105-3265 www.puc.pa.gov June2015 Publishedby: PennsylvaniaPublicUtilityCommision P.O.Box3265 Harisburg,PA 17105-3265 www.puc.pa.gov TechnicalUtilityServices PaulT.Diskin,Director Preparedby: MathewP.Stewart,GasReliabilityEngineer

More information

The Unconventional Energy Revolution: Estimated Energy Savings for Public School Districts and State and Local Governments

The Unconventional Energy Revolution: Estimated Energy Savings for Public School Districts and State and Local Governments The Unconventional Energy Revolution: Estimated Energy Savings for Public School Districts and State and Local Governments Prepared for: American Petroleum Institute Prepared by: IHS Global Inc. 1150 Connecticut

More information

Natural Gas Markets in 2006

Natural Gas Markets in 2006 Order Code RL33714 Natural Gas Markets in 2006 Updated December 12, 2006 Robert Pirog Specialist in Energy Economics and Policy Resources, Science, and Industry Division Natural Gas Markets in 2006 Summary

More information

ECONOMIC OUTLOOK. Quantifying the Shale Gas Revolution s Impact on U.S. Industrial Energy Consumption MAY 2014

ECONOMIC OUTLOOK. Quantifying the Shale Gas Revolution s Impact on U.S. Industrial Energy Consumption MAY 2014 MAY ECONOMIC OUTLOOK Quantifying the Shale Gas Revolution s Impact on U.S. Industrial Energy Consumption THE CARLYLE GROUP 1001 PENNSYLVANIA AVENUE, NW WASHINGTON, DC 20004-2505 202-729-5626 WWW.CARLYLE.COM

More information

Making the Utility Business Case for Energy Efficiency

Making the Utility Business Case for Energy Efficiency Making the Utility Business Case for Energy Efficiency Dan York, Ph.D., Fellow American Council for an Energy-Efficient Economy dwyork@aceee.org 608-243-1123 http://aceee.org/@aceeedc The American Council

More information

Energy and Consumer Impacts of EPA s Clean Power Plan. Prepared for the American Coalition for Clean Coal Electricity

Energy and Consumer Impacts of EPA s Clean Power Plan. Prepared for the American Coalition for Clean Coal Electricity Energy and Consumer Impacts of EPA s Clean Power Plan Prepared for the American Coalition for Clean Coal Electricity Contents Executive Summary Overview of the Clean Power Plan NERA Methodology Baseline

More information

Natural Gas Year-In-Review 2006

Natural Gas Year-In-Review 2006 Natural Gas Year-In-Review 2 This report provides an overview of the natural gas industry and markets in 2 with special focus on the first complete set of supply and disposition data for 2 from the Energy

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

U.S. Energy Outlook. Oil and Gas Strategies Summit May 21, 2014 New York, NY. By Adam Sieminski, EIA Administrator

U.S. Energy Outlook. Oil and Gas Strategies Summit May 21, 2014 New York, NY. By Adam Sieminski, EIA Administrator U.S. Energy Outlook May 21, 214 New York, NY By Adam Sieminski, EIA Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov The U.S. has experienced a rapid increase

More information

ITEM NO. 1 & 2. PUBLIC UTILITY COMMISSION OF OREGON STAFF REPORT PUBLIC MEETING DATE: September 22, 2005

ITEM NO. 1 & 2. PUBLIC UTILITY COMMISSION OF OREGON STAFF REPORT PUBLIC MEETING DATE: September 22, 2005 PUBLIC UTILITY COMMISSION OF OREGON STAFF REPORT PUBLIC MEETING DATE: September 22, 2005 ITEM NO. 1 & 2 REGULAR X CONSENT EFFECTIVE DATE October 1, 2005 DATE: TO: FROM: Public Utility Commission Ken Zimmerman,

More information

Utility Energy Efficiency Developments in the States and DC. Laura Furrey, JD, PE ACEEE March 2010

Utility Energy Efficiency Developments in the States and DC. Laura Furrey, JD, PE ACEEE March 2010 Utility Energy Efficiency Developments in the States and DC Laura Furrey, JD, PE ACEEE March 2010 1 The American Council for an Energy Efficient Economy (ACEEE) Non-governmental organization (NGO) dedicated

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

Alaska Natural Gas Needs and Market Assessment: 2008 Update of the Industrial Sector

Alaska Natural Gas Needs and Market Assessment: 2008 Update of the Industrial Sector Alaska Natural Gas Needs and Market Assessment: 2008 Update of the Industrial Sector Prepared by Science Applications International Corporation For Alaska Natural Gas Development Authority (ANGDA) June

More information

Led by growth in Texas, the Southeast, and Northeast, power burn is headed for a January record

Led by growth in Texas, the Southeast, and Northeast, power burn is headed for a January record EIA - Natural Gas Weekly Update for week ending January 28, 2015 Release Date: January 29, 2015 Next Release: February 5, 2015 In the News: Led by growth in Texas, the Southeast, and Northeast, power burn

More information

Utah Family Energy Costs as Percentage of After-Tax Income

Utah Family Energy Costs as Percentage of After-Tax Income Energy Cost Impacts on Utah Families, 2009 Energy prices, high unemployment, and stagnant incomes are straining the budgets of Utah s middle class, and impoverishing lower-income families. In 2009, Utah

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

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

Natural Gas Prices Forecast Comparison - AEO vs. Natural Gas Markets

Natural Gas Prices Forecast Comparison - AEO vs. Natural Gas Markets LBNL-55701 Natural Gas Prices Forecast Comparison - AEO vs. Natural Gas Markets Gabrielle Wong-Parodi, Alex Lekov, and Larry Dale Energy Analysis Department Environmental Energy Technologies Division Ernest

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

Assessment of the Adequacy of Natural Gas Pipeline Capacity in the Northeast United States

Assessment of the Adequacy of Natural Gas Pipeline Capacity in the Northeast United States Assessment of the Adequacy of Natural Gas Pipeline in the Northeast United States U.S. Department of Energy Office of Electricity Delivery and Energy Reliability Energy Infrastructure Modeling and Analysis

More information

Energy Efficiency: Is the United States Improving?

Energy Efficiency: Is the United States Improving? Energy Efficiency: Is the United States Improving? Sara Hayes, Naomi Baum, and Garrett Herndon July 2013 An ACEEE White Paper American Council for an Energy-Efficient Economy 529 14 th Street NW, Suite

More information

OUR CONVERSATION TODAY

OUR CONVERSATION TODAY OUR CONVERSATION TODAY Our goal is to raise the level of awareness around the natural gas supply chain among key stakeholders in order to facilitate positive working relationships and more informed decision

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

Which Escalation Rate Should I Use? Cobec Consulting Nathan Honsowetz, Senior Consultant Sriram Krishnan, Senior Analyst ICEAA Conference, June 2014

Which Escalation Rate Should I Use? Cobec Consulting Nathan Honsowetz, Senior Consultant Sriram Krishnan, Senior Analyst ICEAA Conference, June 2014 Which Escalation Rate Should I Use? Cobec Consulting Nathan Honsowetz, Senior Consultant Sriram Krishnan, Senior Analyst ICEAA Conference, June 2014 Outline Escalation Basics Does Escalation Rate Matter?

More information

Michigan Residential Heating Oil and Propane Price Survey

Michigan Residential Heating Oil and Propane Price Survey Michigan Residential Heating Oil and Propane Price Survey 2013-2014 Heating Season This report summarizes the results of a survey of residential No. 2 distillate fuel oil (home heating oil) and propane

More information

Presentation to the Staff Subcommittee on Gas 2010 NARUC Winter Committee Meetings Washington, D.C. February 14, 2010

Presentation to the Staff Subcommittee on Gas 2010 NARUC Winter Committee Meetings Washington, D.C. February 14, 2010 Presentation to the Staff Subcommittee on Gas 2010 NARUC Winter Committee Meetings Washington, D.C. February 14, 2010 CenterPoint Energy, Inc. promotes the direct use of natural gas through energy efficiency

More information

Gulf Natural Gas Region

Gulf Natural Gas Region Gulf Gas Market: Overview and Focal Points Page 1 of 15 Gulf Natural Gas Region Colonial Gas Mainline TX NGPL TXOK Carthage LA Waha Tennessee Zone 0 Katy Freeport Cameron Sabine Pass Henry Texas Eastern

More information

4. Trends in Natural Gas Transportation Rates

4. Trends in Natural Gas Transportation Rates 4. Trends in Natural Gas Transportation Rates This chapter discusses trends in natural gas transportation rates delivered. Because of data limitations, the estimate of total for the period 1988 through

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

Market Forces & Mother Nature: The Natural Gas Savings Challenge

Market Forces & Mother Nature: The Natural Gas Savings Challenge Market Forces & Mother Nature: The Natural Gas Savings Challenge Ed Carroll, Franklin Energy, Madison, WI Tom Syring, Franklin Energy, Madison, WI Dean Laube, Franklin Energy, Eau Claire, WI Mike Marks,

More information

AOBA Utility Committee

AOBA Utility Committee AOBA Utility Committee Energy Markets in Tailspin Major Economic Recession Continues to Pull Energy Prices Downward Where Will It End? Presented By Bruce R. Oliver President, Revilo Hill Associates, Inc.

More information

THE ROLE OF LNG IN NORTH AMERICAN NATURAL GAS SUPPLY AND DEMAND

THE ROLE OF LNG IN NORTH AMERICAN NATURAL GAS SUPPLY AND DEMAND THE ROLE OF LNG IN NORTH AMERICAN NATURAL GAS SUPPLY AND DEMAND Michelle Michot Foss, Ph.D. Chief Energy Economist and CEE Head 1650 Highway 6, Suite 300 Sugar Land, Texas 77478 Tel 281-313-9763 Fax 281-340-3482

More information

U.S. Commercial Buildings Energy Consumption and Intensity Trends: A Decomposition Approach

U.S. Commercial Buildings Energy Consumption and Intensity Trends: A Decomposition Approach U.S. Commercial Buildings Energy Consumption and Intensity Trends: A Decomposition Approach 31 st USAEE/IAEE North American Conference Behjat Hojjati, PhD Steve Wade, PhD November 5th, 2012 Austin, Texas

More information

Smart Modernization Pipeline Safety & Natural Gas Infrastructure Expansion

Smart Modernization Pipeline Safety & Natural Gas Infrastructure Expansion September 26, 2014 Smart Modernization Pipeline Safety & Natural Gas Infrastructure Expansion Kyle Rogers Vice President, Government Relations American Gas Association 2 Shale Gas Resources 3 Natural Gas

More information

REVISED NATURAL GAS MARKET ASSESSMENT

REVISED NATURAL GAS MARKET ASSESSMENT CALIFORNIA ENERGY COMMISSION REVISED NATURAL GAS MARKET ASSESSMENT In Support of the 2007 Integrated Energy Policy Report DRAFT STAFF REPORT AUGUST 2007 CEC-200-2007-009-REV Arnold Schwarzenegger, Governor

More information

CONNECTICUT ENERGY PRICE REPORT

CONNECTICUT ENERGY PRICE REPORT CONNECTICUT ENERGY PRICE REPORT 1/15/2015 DENOTES FALLING PRICES COMPARED TO YEAR EARLIER DENOTES FLAT PRICES COMPARED TO YEAR EARLIER DENOTES RISING PRICES COMPARED TO YEAR EARLIER CONNECTICUT RETAIL

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

An Introduction to Natural Gas

An Introduction to Natural Gas An Introduction to Natural Gas NYMEX settlement prices since 1995 $12.00 $10.00 $ / MMBTU $8.00 $6.00 $4.00 $2.00 $0.00 95'Jan Jul 96'Jan Jul 97'Jan Jul 98'Jan Jul 99'Jan Jul 00'Jan Jul 01'Jan Jul 02'Jan

More information

EPA s Clean Power Plan

EPA s Clean Power Plan EPA s Clean Power Plan Basics and Implications of the Proposed CO 2 Emissions Standard on Existing Fossil Units under CAA Section 111(d) PRESENTED TO Goldman Sachs Power, Utilities, MLP and Pipeline Conference

More information

Modifying How Energy Costs Are Treated for Business Tax Purposes in Order to Decrease Subsidies and Increase Energy Efficiency

Modifying How Energy Costs Are Treated for Business Tax Purposes in Order to Decrease Subsidies and Increase Energy Efficiency Modifying How Energy Costs Are Treated for Business Tax Purposes in Order to Decrease Subsidies and Increase Energy Efficiency Steven Nadel and Kate Farley March 2012 An ACEEE Working Paper American Council

More information

Implications of Natural Gas and

Implications of Natural Gas and Implications of Natural Gas and Electricity s Convergence Northwest Convergence Summit Portland, OR January 25, 2012 Catherine Elder kelder@aspeneg.com 916 379 0350 Aspen Environmental Group Study Provides

More information

Spectra Energy Reports Third Quarter 2007 Results

Spectra Energy Reports Third Quarter 2007 Results Media: Molly Boyd (713) 627-5923 (713) 627-4747 (24-hour media line) Analysts: John Arensdorf (713) 627-4600 Date: November 6, 2007 Spectra Energy Reports Third Quarter 2007 Results Third quarter ongoing

More information

Commercial and Industrial Usage

Commercial and Industrial Usage Commercial and Industrial Usage Maine Natural Gas: Energy for Maine s Future?! October 8, 2015 Gus Fromuth, Freedom Energy Logistics, LLC Marco L Italien, Woodland Pulp LLC Claudette Townsend, Dead River

More information

U.S. LNG Exports: Impacts on Energy Markets and the Economy. May 15, 2013. Submitted by: ICF International 9300 Lee Highway Fairfax, VA USA

U.S. LNG Exports: Impacts on Energy Markets and the Economy. May 15, 2013. Submitted by: ICF International 9300 Lee Highway Fairfax, VA USA U.S. LNG Exports: Impacts on Energy Markets and the Economy May 15, 2013 Submitted by: ICF International 9300 Lee Highway Fairfax, VA USA ICF Contact Harry Vidas 703-218-2745 Submitted to: American Petroleum

More information

A Technoeconomic Analysis of Biomethane Production from Biogas and Pipeline Delivery

A Technoeconomic Analysis of Biomethane Production from Biogas and Pipeline Delivery A Technoeconomic Analysis of Biomethane Production from Biogas and Pipeline Delivery Ali Jalalzadeh-Azar Hydrogen Technologies and Systems Center NREL/PR-5600-49629 Renewable Resources for Fuel Cells Workshop

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

Short-Term Energy Outlook Market Prices and Uncertainty Report

Short-Term Energy Outlook Market Prices and Uncertainty Report February 2016 Short-Term Energy Outlook Market Prices and Uncertainty Report Crude Oil Prices: The North Sea Brent front month futures price settled at $34.46/b on February 4 $2.76 per barrel (b) below

More information

Implications of Technology Availability and Cost on Clean Power Plan Compliance Costs. Scott Bloomberg Vice President

Implications of Technology Availability and Cost on Clean Power Plan Compliance Costs. Scott Bloomberg Vice President Implications of Technology Availability and Cost on Clean Power Plan Compliance Costs Scott Bloomberg Vice President SBCA 2015 Conference, Washington, DC March 20, 2015 Abstract In this presentation, I

More information

Natural Gas and LNG Fundamentals

Natural Gas and LNG Fundamentals Natural Gas and LNG Fundamentals ExxonMobil Gas & Power Marketing Taking on the world s toughest energy challenges. This presentation includes forward-looking statements. Actual future conditions (including

More information

Natural Gas Markets Update for the Ethanol Industry. Identifying Market Fundamentals and Managing Price Risk

Natural Gas Markets Update for the Ethanol Industry. Identifying Market Fundamentals and Managing Price Risk Natural Gas Markets Update for the Ethanol Industry Identifying Market Fundamentals and Managing Price Risk Presentation Outline Natural Gas Market Update Demand Issues Supply Issues Implications for Ethanol

More information

Natural Gas Prices To Crash Unless Rig Count Falls Fast

Natural Gas Prices To Crash Unless Rig Count Falls Fast Natural Gas Prices To Crash Unless Rig Count Falls Fast By Arthur Berman Posted on Sun, 22 March 2015 00:00 0 Spending cuts for oil-directed drilling have dominated first quarter 2015 energy news but rig

More information

Oil and Gas Prices. Oil and Gas Investor Summit London 17th-18th June 2014

Oil and Gas Prices. Oil and Gas Investor Summit London 17th-18th June 2014 Oil and Gas Prices Oil and Gas Investor Summit London 17th-18th June 2014 Oil Price Drowning in oil Economist, March 1999 $10 oil might actually be too optimistic. We may be heading for $5. Crude touches

More information

Retail Electric Rates in Deregulated and Regulated States: A Ten Year Comparison

Retail Electric Rates in Deregulated and Regulated States: A Ten Year Comparison Retail Electric Rates in Deregulated and Regulated States: A Ten Year Comparison Published March 2008 1875 Connecticut Avenue, NW Washington, D.C. 20009-5715 202/467-2900 www.appanet.org Retail Electric

More information

Economic Analysis of Ohio s Renewable and Energy Efficiency Standards

Economic Analysis of Ohio s Renewable and Energy Efficiency Standards Economic Analysis of Ohio s Renewable and Energy Efficiency Standards Ohio State Researchers Find Ohio s Renewable and Energy Efficiency Standards Have Saved Ratepayers 1.4% Since Inception, and Weakening

More information

Winter 2013-14 Energy Market Assessment Report to the Commission

Winter 2013-14 Energy Market Assessment Report to the Commission Winter 2013-14 Energy Market Assessment Report to the Commission Docket No. AD06-3-000 October 2013 Disclaimer: The matters presented in this staff report do not necessarily represent the views of the

More information

Residential Heating Oil Prices: What Consumers Should know

Residential Heating Oil Prices: What Consumers Should know Residential Heating Oil Prices: What Consumers Should know Introduction Heating oil is a petroleum product used by many Americans to heat their homes. Historically, heating oil prices have fluctuated from

More information

Macroeconomics, monetary theory, financial economics, cost-of capital and public utility regulation

Macroeconomics, monetary theory, financial economics, cost-of capital and public utility regulation Curriculum Vitae John Anthony Neri Work Contact: Benjamin Schlesinger & Associates Department of Economics 7201 Wisconsin Avenue, Suite 740 University of Maryland Bethesda, MD 20814 College Park, MD 20742

More information

Hedging Natural Gas Prices

Hedging Natural Gas Prices Hedging Natural Gas Prices Luke Miller Assistant Professor of Finance Office of Economic Analysis & Business Research School of Business Administration Fort Lewis College Natural Gas Industry U.S. natural

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

Role of Natural Gas in a Sustainable Energy Future

Role of Natural Gas in a Sustainable Energy Future Role of Natural Gas in a Sustainable Energy Future Alexander Medvedev, Deputy Chairman of Gazprom Management Committee, Director General of Gazprom Export 2 nd Ministerial Gas Forum Doha, 30 November 2010

More information

Starting an Energy Efficiency Program for Your Utility and Community

Starting an Energy Efficiency Program for Your Utility and Community SM Starting an Energy Efficiency Program for Your Utility and Community Why Energy Efficiency Is Important Utilities continue to seek ways to meet growing electricity demand and manage increasing energy

More information

Natural Gas: A Bridge to a Low Carbon Future?

Natural Gas: A Bridge to a Low Carbon Future? Date Issue Brief # ISSUE BRIEF Natural Gas: A Bridge to a Low Carbon Future? Stephen P.A. Brown, Alan J. Krupnick, and Margaret A. Walls December 2009 Issue Brief 09 11 Resources for the Future Resources

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

Expanding the Twin Ports Energy Cluster to include LNG and CNG Production and Distribution. Dr. Richard Stewart, Co-Director-GLMRI May 21, 2014

Expanding the Twin Ports Energy Cluster to include LNG and CNG Production and Distribution. Dr. Richard Stewart, Co-Director-GLMRI May 21, 2014 Expanding the Twin Ports Energy Cluster to include LNG and CNG Production and Distribution Dr. Richard Stewart, Co-Director-GLMRI May 21, 2014 Natural Gas (NG) Study Overview The U.S. Maritime Administration

More information

Outlook for Natural Gas Supply and Demand for 2015-2016 Winter

Outlook for Natural Gas Supply and Demand for 2015-2016 Winter Outlook for Natural Gas Supply and Demand for 2015-2016 Winter Energy Ventures Analysis, Inc. (EVA) Executive Summary Natural gas supplies will be adequate to meet expected demand this winter. This is

More information

Natural Gas as a Transportation Fuel

Natural Gas as a Transportation Fuel Natural Gas as a Transportation Fuel Manitoba Hydro! Electric Utility 556,000 electric customers! Responsible for generation, transmission, distribution and retailing of electricity in Manitoba! 5,500

More information

US Shipbuilding and LNG JECKU TEM. Tom Wetherald

US Shipbuilding and LNG JECKU TEM. Tom Wetherald US Shipbuilding and LNG JECKU TEM Tom Wetherald US Coastwise Fleet Distribution Oceangoing Vessels Product Tanker Crude Carrier Containership 31 vessels in service 11 vessels in service 27 vessels in service

More information

Renewable Energy Mandates Cost Texas Consumers. Bill Peacock Texas Public Policy Foundation

Renewable Energy Mandates Cost Texas Consumers. Bill Peacock Texas Public Policy Foundation Renewable Energy Mandates Cost Texas Consumers Bill Peacock Texas Public Policy Foundation Why Advocates Support Renewable Energy Mandates Mandates promote a sensible energy policy which Protects against

More information

Falling Oil Prices and US Economic Activity: Implications for the Future

Falling Oil Prices and US Economic Activity: Implications for the Future Date Issue Brief # I S S U E B R I E F Falling Oil Prices and US Economic Activity: Implications for the Future Stephen P.A. Brown December 2014 Issue Brief 14-06 Resources for the Future Resources for

More information

CLEAN POWER, CLEAR SAVINGS MAINE. The EPA Clean Power Plan Will Cut Maine Electricity Bills by 11.3 to 12.5 Percent by 2030

CLEAN POWER, CLEAR SAVINGS MAINE. The EPA Clean Power Plan Will Cut Maine Electricity Bills by 11.3 to 12.5 Percent by 2030 CLEAN POWER, CLEAR SAVINGS MAINE The EPA Clean Power Plan Will Cut Maine ity s by 11.3 to 12.5 Percent by 2030 Acknowledgments This report was written by David Arkush, managing director of Public Citizen

More information

Texas Natural Gas: Fuel for Growth. Michael J. Economides, PhD Professor, University of Houston and Philip E. Lewis, P.E.

Texas Natural Gas: Fuel for Growth. Michael J. Economides, PhD Professor, University of Houston and Philip E. Lewis, P.E. Texas Natural Gas: Fuel for Growth Michael J. Economides, PhD Professor, University of Houston and Philip E. Lewis, P.E. Consultant March 26, 2012 Texas Natural Gas: Fuel for Growth March 2012 Table of

More information

An Analysis of the Future of Natural Gas Prices and Wood Pellet Prices: Natural gas will become much more costly than wood pellets

An Analysis of the Future of Natural Gas Prices and Wood Pellet Prices: Natural gas will become much more costly than wood pellets An Analysis of the Future of Natural Gas Prices and Wood Pellet Prices: Natural gas will become much more costly than wood pellets By Dr. William Strauss President, FutureMetrics May 31, 2012 The growth

More information

Working Paper #54. Greenhouse Gas Implications in Large Scale Infrastructure Investments in Developing Countries: Examples from China and India

Working Paper #54. Greenhouse Gas Implications in Large Scale Infrastructure Investments in Developing Countries: Examples from China and India Greenhouse Gas Implications in Large Scale Infrastructure Investments in Developing Countries: Examples from China and India Mike Jackson, Sarah Joy, Thomas C. Heller, and David G. Victor Working Paper

More information

MILLENNIUM PIPELINE NEW YORK S ENERGY BACKBONE Existing Benefits and Expansion Opportunities

MILLENNIUM PIPELINE NEW YORK S ENERGY BACKBONE Existing Benefits and Expansion Opportunities MILLENNIUM PIPELINE NEW YORK S ENERGY BACKBONE Existing Benefits and Expansion Opportunities New York is the fourth largest natural gas consuming state in the nation... Overview New York State is highly

More information

First to US Market with trucked compressed natural gas delivered to companies beyond the pipeline. Bennington presentation by NG Advantage LLC

First to US Market with trucked compressed natural gas delivered to companies beyond the pipeline. Bennington presentation by NG Advantage LLC First to US Market with trucked compressed natural gas delivered to companies beyond the pipeline 1 Natural gas is methane same stuff that comes from cow manure CNG is compressed natural gas LNG is liquefied

More information

Coal Plant Retirements

Coal Plant Retirements DISCUSSION Coal Plant Retirements Feedback Effects on Wholesale Electricity Prices By Onur Aydin, Frank Graves, and Metin Celebi Contents Introduction Section 1: Range of Potential Coal Plant Retirements...5

More information