ChoosingourEnergyFutureConservation Law Foundation Testimony
The Joint Committee on Telecommunications, U ili i d E
Caitlin Peale Sloanff
Utilities, and Energy
Staff Attorney, CLF [email protected]
May 12, 2015
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AWinter Energy Crisis?A Winter Energy Crisis?
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Average Residential Customer Monthly Electric Bill in 2014, by State*(and rank of bill amount among 50 U.S. states and D.C.)
Source: Energy Information Administration*2014 retail electric prices and 2013 average electric consumption (most recent data)
$147.38
$140.00
$160.00
$111.71
$99.52 $105.68
$110.27 $110.96 $114.38
$122.13
$100 00
$120.00
$
$84.46
$80.00
$100.00
$40.00
$60.00
$0.00
$20.00
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Average Residential Customer Electric Bill in 2014, by Region*Source: Energy Information Administration
*2014 retail electric prices and 2013 average electric consumption (most recent data)
$130.64
$164.41
West South Central
Pacific Noncontiguous
$128.01
$130.09
South Atlantic
East South Central
$115.45
$115.68
New England
Middle Atlantic
$102 62
$107.94
$111.71
M t i
West North Central
U.S. Total
$91 96
$99.67
$102.62
Pacific Contiguous
East North Central
Mountain
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$91.96
$0.00 $20.00 $40.00 $60.00 $80.00 $100.00 $120.00 $140.00 $160.00 $180.00
Pacific Contiguous
18.00
ISO‐NE Wholesale Real‐Time Prices (LMPs, Internal Hub)Monthly Average
16.29
15.28
14.1813.84
14.00
16.00 2013/2014
2014/2015
9.85
12.67
10.00
12.00
hour
2014/2015
6.566.18
7.39
6 00
8.00
¢/kilowatt‐h
4.254.00
6.00
0.00
2.00
Dec. Jan. Feb. Mar. through 3/20 Winter (12/1 to 3/20)
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The Path ForwardThe Path Forward
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1.1.Strategic public investment in g pthe resource with the best rate
f fof return for ratepayers:E Effi iEnergy Efficiency
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Source: ISO‐NE 2014 Energy Efficiency Forecast 8
2.2.Strategic public investment in g pelectric generation not tied to
f l f lfossil fuel prices:R blRenewables
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Source: Mass Energy Consumers Alliance
Percentage Change in Share of ISO‐NE Fuel Mix Winter 2015 vs. Winter 2014
December 1 ‐March 15, ISO‐NE Generation by Fuel Type
COAL
OIL
WIND
REFUSE
SOLAR
HYDRO
NUCLEAR
‐40% ‐20% 0% 20% 40% 60% 80%
GAS
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3.3.Encourage the electric and gas g g
markets to utilize the i f hinfrastructure we have now to
meet peak gas demandmeet peak gas demand
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Source: ISO‐NE COO Report, April 10
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Source: ISO‐NE Regional Energy Outlook 2015
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4.4.Need for new gas infrastructure gnot yet demonstrated, but if it
h ld b hoccurs, we should begin withll j t fi tsmall projects first
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5.5.While need is not in evidence, if new pipeline capacity is constructed do incrementalconstructed, do incremental expansion first and keep theexpansion first and keep the ratepayers from being stuck
with the bill
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Source: Natural Gas Association
www.clf.orgwww.clf.org
Caitlin Peale SloanStaff Attorney CLF MassachusettsStaff Attorney, CLF Massachusetts
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