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Published byΚηφάς Μιχαλολιάκος Modified over 6 years ago
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Low-Income Energy Assistance In FY 2009 & The Short Term Energy Outlook
October, 2008
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What We’ll Talk About Energy Market Conditions
Outlook For This Coming Season Impact On Low-Income Energy Expenses Recent Federal Legislation Other Things To Think About
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CRUDE OIL CONTRACT FOR NOVEMBER 08
SOURCE: WALL STREET JOURNAL 10/13/08
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WORLD OIL CONSUMPTION
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MARGINAL SUPPLY
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NATURAL GAS CONTRACT FOR NOVEMBER 08
SOURCE: WALL STREET JOURNAL 10/13/08
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SOURCE: EIA
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WORKING GAS UNDERGROUND COMPARED TO FIVE YEAR RANGE
Inventories above average levels for all major fuels SOURCE: EIA
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PROJECTED GROWTH IN RESIDENTIAL ELECTRICITY PRICES
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EIA Short Term Outlook For 2008-2009
Heating Oil Prices Up 15 % From Last Year, all things being equal Heating Oil at $3.89 per gallon Natural Gas Prices Up 17% Natural Gas at $14.22 per mcf, Propane at $2.65 per gallon Electricity Prices up 9.7 % National average of 12.4 cents per kwh
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EXPECTED EXPENDITURES FOR 2008-2009 Low-Income Households In The United States
Source: ORNL Tabulation from EIA August 2008 STEO & 2001 RECS
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RATE OF INCREASE IN RESIDENTIAL ENERGY PRICES BY FUEL TYPE Since 1992 (Nominal dollars)
Sources: DOE/EIA Short Term Energy Outlook, August 2008, Bureau of Labor Statistics, Bureau of the Census
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AGGREGATE RESIDENTIAL ENERGY EXPENDITURES BY LOW-INCOME HOUSEHOLDS Federally Eligible
Millions of Dollars SOURCE: ORNL TABULATION BASED ON EIA STEO AND RECS
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FEDERAL LIHEAP IN FY 2009 HUGE INCREASE LOCKED IN FOR FY 2009
BASIC GRANT UP FROM $2.53 BILLION TO $4.5 BILLION ADDITIONAL EMERGENCY CONTINGENCY FUNDING OF $590.3 MILLION $3.669 BILLION UNDER ‘TIER 1’ FORMULA MONEY FOR FY 2009 LOCKED IN WASHINGTON INCREASE $34 TO $74.6 MILLION
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FEDERAL WAP IN FY2009 APPROPRIATION LEVEL APPEARS TO PROVIDE $477 MILLION, $250 MILLION ABOVE FY 2008 FUNDING SO FAR IS ESTIMATED AT $347.7 MILLION APPROPRIATORS MUST DEAL WITH BALANCE ‘SUSTAINABLE ENERGY COMMUNITIES” PROVISION MAY KICK IN.
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OTHER ISSUES Disconnections Comprehensive Programs
What To Do About Bulk Fuels Decoupling Advanced Metering Renewable Portfolio Standards Cap & Trade
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