1 / 17

Fighting back for Rhode Island in the energy war Rhode Island Greenhouse Gas Stakeholders Meeting

Fighting back for Rhode Island in the energy war Rhode Island Greenhouse Gas Stakeholders Meeting. John Farley, Executive Director The Energy Council of Rhode Island January 5, 2006. Who is TEC-RI?. The Energy Council of RI. Over 60,000 RI jobs Manufacturers Colleges & Universities

brenna-morris
Download Presentation

Fighting back for Rhode Island in the energy war Rhode Island Greenhouse Gas Stakeholders Meeting

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Fighting back for Rhode Island in the energy warRhode Island Greenhouse Gas Stakeholders Meeting John Farley, Executive Director The Energy Council of Rhode Island January 5, 2006

  2. Who is TEC-RI?

  3. The Energy Council of RI • Over 60,000 RI jobs • Manufacturers • Colleges & Universities • Hospitals • Major businesses • Working to lower the cost of energy for RI businesses and institutions

  4. It’s just a flesh wound

  5. Average Retail Electricity Price, Industrial, 2003 • #1 Hawaii - 12.2 cents • #3 New Hampshire – 9.39 cents • #4 Massachusetts – 9.11 cents • #5 Rhode Island – 9.06 cents • North Carolina – 4.79 cents • Virginia – 4.23 cents • Kentucky – 3.21 cents

  6. Historical Natural Gas Prices Average Natural Gas Wellhead Price of Marketed Production (1978 – Sep 20, 2005) Sep 20, 2005 Sources: Energy Information Administration/Historical Natural Gas Annual Prices 1930 - 1990 Henry Hub Avg. Annual Prices 1991 – Sept 20, 2005

  7. Increases are hurting our economy • Electricity (standard offer) • May 2003: 4.7 cents per kWh • Jan 2006 (filed): 10.0 cents per kWh • Increase of 5.3 cents per kWh • That is an 113% increase in commodity price in under 3 years • Additional $360 million a year out of RI economy

  8. Increases are hurting our economy • Natural Gas ( GCR for residential) • Nov 2003: $ 7.98 per dekatherm • Nov 2005: $11.97 per dekatherm • Increase: $ 4.99 per dekatherm • That is a 50% increase in commodity price in 2 years • Additional $115 million a year out of RI economy

  9. ‘Tis but a scratch

  10. It’s just a flesh wound

  11. What we want for RI • Thriving energy marketplace • Substantial public-private program to advance the interest of Rhode Islanders • Increase the power of the customer and the focus on the customer • Increase the quality and quantity of our energy supply

  12. What we want for RI • More tools and support for customer procurement, energy management, and price response • Energy price goals – rate of change better than peer states • Build capacity for sound energy policy making and implementation

  13. What we want for RI • Pricing that sends better cost signals • Eliminate barriers to distributed generation • Renewable energy projects, not just a renewable energy standard • Strong agents to manage procurement portfolios • Educate and inform our community

  14. I’m invincible

  15. Let’s counter-attack

More Related