Energy in Connecticut Presented by Laurel Kohl Institute for Sustainable Energy at Eastern Connecticut State University 1
First a Survey. Do you pay an energy bill? 2
First a Survey. Do you pay an energy bill? What does electricity cost in CT ($/kwh)? 3
First a Survey. Do you pay an energy bill? What does electricity cost in CT ($/kwh)? What is the biggest CT Energy problem? 4
Residual Fuel Nuclear Natural Gas Energy use in Connecticut has significantly increased since 1960. The largest growth area continues to be Natural Gas. Source: EIA 6
Where CT s Energy Money Goes Connecticut Energy Expenditure Estimates by Fuel Source, 2002 (Million Nominal Dollars) Transportation Fuels 2,289.90 Heating Fuels 1,346.90 Electric Power 2,507.40 Natural Gas 1,144.80 Other 218.70 Nuclear 68.60 Coal 68.10 Biomass 30.50 2002 estimated total expenditures: $7,674,900,000 Most spent on electric power, transportation and heating. 7 Source: EIA, CT 2007 Energy Plan
Gasoline Prices Prices June 2008 $4.12 July 2008 $4.06 Sept. 2008 $3.65 Oct. 2008 $3.22 Nov. 2008 $2.15 Dec. 2008 $1.61 Aug. 2009 $2.68 http://tonto.eia.doe.gov/oog/info/gdu/gasdiesel.asp?featureclicked=1& 8
Have we always been dependent on foreign oil? http://tonto.eia.doe.gov/energy_in_brief/foreign_oil_dependence.cfm 9
Where does US Oil come from? 10
http://tonto.eia.doe.gov/energy_in_brief/foreign_oil_dependence.cfm 11
2007 US Oil Imports Your choices: Algeria Angola Canada Ecuador Iraq Kuwait Mexico Nigeria Saudi Arabia Venezuela 12
2007 Canada 1.864 Saudi Arabia 1.453 Mexico 1.410 Venezuela 1.150 Nigeria 1.082 Angola.496 Iraq.485 Algeria.443 Ecuador.198 Kuwait.176 US Oil Imports (million barrels per day) Time Magazine, July 7, 08; Sourced from US Energy Dept. 13
US Oil Imports (million barrels per day) 2007 Canada 1.864 Saudi Arabia 1.453 Mexico 1.410 Venezuela 1.150 Nigeria 1.082 Angola.496 Iraq.485 Algeria.443 Ecuador.198 Kuwait.176 2008 YTD Canada 1.912 Saudi Arabia 1.52 Mexico 1.18 Venezuela 1.038 Nigeria.944 Iraq.652 Angola.504 Algeria.312 Brazil.228 Ecuador.209 Time Magazine, July 7, 08; Sourced from http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publicat US Energy Dept. ions/company_level_imports/current/import.html 14
Electric Industry Restructuring 1998 Deregulated Remains Regulated Competitive Market Retail Customers Generation Transmission Distribution 15
How your electric cost is divided DPUC Regulated Charges 21.5% 3 Federal Regulated Charges 13.8% DPUC Regulated Charges Charges per CT Law 10.6% 2 4 Federal Regulated Charges Charges per CT Law DPUC Oversight Electric of Electric Bill Line Rate ItemsComponents Market Based Prices 54.1% Market Based Prices 1 2 Electric Bill Line Items Market Based Pricing: Generation Services & Delivery Charges Federal Regulated Charges: FMCC Generation & Delivery Charges 3 DPUC Regulated Charges: Distribution Charges set by CT Law: Conservation, Renewable, Syatem Benefits, & Competitive Transition Charges 4 Connecticut Department of Public Utility Control 1 1/1/07 residential rates CL&P $0.18 kwh UI $0.22 kwh About $137-147 per month for a 700 kwh customer 16
Rise in Fuel Costs CT Electricity Generation by Fuel Source 2006 Petroleum 1990 $3.02/M Btu 2006 $8.50/M Btu Natural Gas 1990 $2.70/M Btu 2006 $7.33/M Btu Coal 1990 $2.12/M Btu 2006 $2.60/M Btu http://www.eia.doe.gov/cneaf/electricity/epa/epa_sprdshts.html http://www.eia.doe.gov/cneaf/electricity/st_profiles/sept06ct.xls 17
State and Regional Energy Supply and Demand Issues $70/MWh The Red Zone!!! Connecticut could become a separate pricing zone for electricity if it does not control growth in electric use and demand and build 900 MW of generation and load control by the end of 2009 $90/MWh ISO Day Ahead Pricing 18
2001 Electricity Use in Connecticut Towns source ISE 19
Connecticut s Ten Largest Plants 2006 Plant Energy Sources Net Summer Capability (MW) 1. Millstone Nuclear 2,037 2. Middletown Other, Gas, Petroleum 770 3. Lake Road Generating Gas 712 4. Bridgeport Station Other, Petroleum, Coal 511 5. Montville Station Gas, Petroleum 496 6. Milford Power Project Petroleum, Gas 493 7. Bridgeport Energy Project Gas 454 8. New Haven Harbor Petroleum 448 9. Devon Station Gas, Petroleum 350 10. NRG Norwalk Harbor Petroleum 342 20 http://www.eia.doe.gov/cneaf/electricity/st_profiles/sept02ct.xls
21 Connecticut Power Lines and Generation Stations, 2001, source ISE
How much are we willing to pay for unlimited electric use for less than 5% of the year? Connecticut Price Duration Curve $1057/MWh on 7-2-06 (7250 MWh) 1200 1000 800 $/MWH 600 $123/MWh for 6300MWh 400 200 0 1 388 775 1162 1549 1936 2323 2710 3097 3484 3871 4258 4645 5032 5419 5806 6193 6580 6967 7354 7741 8128 8515 Hours of Year 2003 2004 2005 2006 8760 hrs/yr Max $/MWH Max MW $/MWH at 6,300 Hours Above 6,300MW 2006 $1,057.08 7,367 $123.18 70 2005 $865.94 7,012 $181.54 101 2004 $893.00 6,357 $110.46 6 2003 $988.68 6,571 $98.62 19 22
www.ctcleanenergy.com/communities 23
Getting Help: Connecticut Energy Efficiency Fund Provides technical assistance and cash incentives to CL&P and UI customers designing or upgrading their facilities using energy-efficient equipment Provides ~$4 in benefits for every $1 invested 27
Getting Information www.ctenergyinfo.com 28
Choosing another electric supplier Switch and Save Money 29
What we know Do you pay an energy bill? 30
What we know Do you pay an energy bill? We all pay at the pump, in our electric bills, for heating and cooling, in every product and service we buy. 31
What we know What does electricity cost in CT ($/kwh)? 32
What we know What does electricity cost in CT ($/kwh)? Current average rates are $.18 to $.22/kWh, the highest in the continental US 33
What we know What is the biggest CT Energy problem? 34
What we know What is the biggest CT Energy problem? It s not just one problem! High costs affect consumers and businesses. Energy resources are finite. We need to diversify for our security. We need to find ways to maintain lifestyles and the environment. 35
What we know There s plenty we can be doing to help our state, our pocketbooks, and the environment 36
Contact information: Laurel Kohl KOHLL@easternct.edu 37