State College Borough Utility Analysis Published

(Report by Stacy Richards, Director, SEDA-COG Energy Resource Center in Lewisburg)

8.14.14 State College Utility Analysis

“…SEDA-COG’s Energy Resource Center created an Excel spreadsheet to record 3 years (April 2011 through March 2014) of data from State College Borough’s electricity and natural gas bills. We recorded monthly cost and energy consumption (kilowatt hours of electricity and hundred cubic feet of natural gas used), cost, and energy demand (the rate upon which energy costs are calculated based on consumption, type of service, level of use and time of use) for each of the 87 electricity accounts and 6 natural gas accounts paid by the Borough. From this spreadsheet, graphs were generated to visually present the Borough’s past two years of heating and electricity consumption and costs…

…The second purpose of the utility bill analysis is to create an information management tool via an energy consumption and cost tracking Microsoft Excel spreadsheet that enables State College Borough to track its energy use, budget for its annual energy costs, wisely invest in energy reduction measures, and track savings achieved going forward. We have provided Tom Brown with the Microsoft Excel utility bill analysis spreadsheet used to develop this report and have trained Lauren Muthler to enter data from each utility bill and create graphs. Formulas embedded in the spreadsheet will automatically populate each graph associated with each energy use or cost entered into the spreadsheet through March 2016…”

Of particular interest…

Ms. Richards’ views on the financial impacts of deregulation, and fuel price trends as they relate to economic trends, addressed on pages 1 – 3:

“…Prices of all fuels are expected to continue to climb in response to the exploding worldwide demand for energy and the hedging of fuel prices due to social and political volatility in major fuel producing countries and regions around the world.

As the global economy expands, increasing need for limited fuel sources to meet world demand are expected to result in an explosion in fuel costs — electricity and all conventional fuel sources, including natural gas. Numerous pipelines are currently being constructed to transport natural gas from point of extraction to US ports. When these pipelines are completed, the currently deflated price of natural gas will be set virtually overnight at the world market price…”

I’d revise that paragraph as follows:

“…Prices of all fuels are expected to continue to climb in response to the exploding debt-financed capital costs for extracting lower-quality, more difficult-to-reach fossil fuel supplies and the hedging of fuel prices due to social and political volatility in major fuel producing countries and regions around the world.

As the global economy contracts in response to societies’ diverting more resources to the extraction of fuels, thus leaving fewer resources available for productive investments, increasing competition for limited fuel sources to meet world demand is expected to result in volatile collapses and spikes in fuel costs — electricity and all conventional fuel sources, including natural gas. Numerous pipelines are currently being constructed to transport natural gas from point of extraction to US ports. If these pipelines and Liquid Natural Gas terminal facilities are completed, the currently deflated US price of natural gas will be set virtually overnight at the world market price…”

 

 

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