Energy and Black Communities Sonja Ebron blackEn ergy.

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Presentation transcript:

Energy and Black Communities Sonja Ebron blackEn ergy

blackEnergy the power to empower 2 Value of Energy Heated and cooled spaces Hot water, cooked food Transportation Paint, furniture, paper, consumables Food, clothing, potable water, prescriptions Sewage, trash disposal, services The Economy & Jobs

blackEnergy the power to empower 3 Household Energy Gasoline Natural gas Electricity Other – Heating oil, kerosene, propane – Diesel fuels – Other petrochemicals

blackEnergy the power to empower 4 Gasoline Infrastructure Oil extraction or import Refining Transportation by truck

blackEnergy the power to empower 5 Natural Gas Infrastructure Gas extraction or LNG import Gas sweetening and storage Transportation by pipeline

blackEnergy the power to empower 6 Electric Infrastructure Production from oil, natural gas, coal, nuclear, etc. Transportation by transmission line Voltage regulation with transformers

blackEnergy the power to empower 7 Petrochemical Infrastructure Similar to gasoline production Pesticides, herbicides, fertilizers Plastics, asphalt, synthetic fibers

blackEnergy the power to empower 8 Cost Factors: SupplyT Declining global resources Extraction technologies Refinery and distribution capacity Weather Geopolitics Regulatory structure

blackEnergy the power to empower 9 Cost Factors: DemandU Globalization Domestic population Domestic economics Conservation Efficiency of use Electric/alternative vehicles Renewable energy

blackEnergy the power to empower 10 Natural Gas Choice Producers Pipelines Commodity Exchanges Atlanta Gas Light Marketers Industrial Consumers Commercial Consumers Residential Consumers Aggregators Brokers

blackEnergy the power to empower 11 Natural Gas Rates in Georgia Doubled In 4 Years Source: Georgia Public Service Commission

blackEnergy the power to empower 12 Price Forecasts Heating with natural gas – Used by more than half of households – Marketer rates depend on hedging – Overall costs depend on weather – Winter: mid-November  mid-March – Average $807 this winter vs. $1038 last, down 22% – Rate options Fixed vs. variable Budget billing Senior discounts Low-income or credit-challenged

blackEnergy the power to empower 13 Natural Gas Trends Rates Credit Aggregation

blackEnergy the power to empower 14 Energy Competition in Georgia 1.8 million residential natural gas accounts $1000/year (average household) $1200/year (African American household) Choice of 12 marketers Switch rate < 2% of eligible accounts  No competition, just higher rates!

blackEnergy the power to empower 15 blackEnergy’s Georgia Co-op  Supplied by GasKey  Exclusive co-op offer:  Lower rates  Dedicated service  “Credit privacy” option  Online enrollment at blackenergy.com  1-3% donated to selected nonprofits