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Low-Income Energy Assistance In FY 2009 & The Short Term Energy Outlook October, 2008.

Published byΚηφάς Μιχαλολιάκος Modified over 5 years ago

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Presentation on theme: "Low-Income Energy Assistance In FY 2009 & The Short Term Energy Outlook October, 2008."— Presentation transcript:

1 Low-Income Energy Assistance In FY 2009 & The Short Term Energy Outlook
October, 2008

2 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

3 CRUDE OIL CONTRACT FOR NOVEMBER 08
SOURCE: WALL STREET JOURNAL 10/13/08

4 WORLD OIL CONSUMPTION

5 MARGINAL SUPPLY

6 NATURAL GAS CONTRACT FOR NOVEMBER 08
SOURCE: WALL STREET JOURNAL 10/13/08

7 SOURCE: EIA

8 WORKING GAS UNDERGROUND COMPARED TO FIVE YEAR RANGE
Inventories above average levels for all major fuels SOURCE: EIA

9 PROJECTED GROWTH IN RESIDENTIAL ELECTRICITY PRICES

10 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

11

12

13 EXPECTED EXPENDITURES FOR 2008-2009 Low-Income Households In The United States
Source: ORNL Tabulation from EIA August 2008 STEO & 2001 RECS

14 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

15 AGGREGATE RESIDENTIAL ENERGY EXPENDITURES BY LOW-INCOME HOUSEHOLDS Federally Eligible
Millions of Dollars SOURCE: ORNL TABULATION BASED ON EIA STEO AND RECS

16 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

17 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.

18 OTHER ISSUES Disconnections Comprehensive Programs
What To Do About Bulk Fuels Decoupling Advanced Metering Renewable Portfolio Standards Cap & Trade

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