Pipeline Could Have Saved Customers $890M

A new study from Concentric Energy Advisors (CEA), commissioned by PennEast Pipeline, shows that customers in New Jersey and Eastern Pennsylvania could have saved $893 million in natural gas costs last winter if PennEast’s proposed pipeline had been in place. Downstream Today reports the pipeline would have provided 1 billion cubic feet per day of natural gas to the area. The CEA study estimated the savings that would have resulted from four categories of benefits:

  1. Gas-fired generation savings ($412 million)
  2. Oil-fired generation savings ($119 million)
  3. Industrial customer savings ($256 million)
  4. Gas customer savings ($106 million)

The report notes that if the pipeline is not built, the gas supply constraints that led to price spikes during the 2013-2014 winter will continue. Retail Energy Buyer observed one such spike during last month’s cold spell.

How Tracking/Managing Energy Consumption Drives Real Cost Savings
Sponsored By: Digital Lumens

Choosing the Correct Emission Control Technology
Sponsored By: Anguil Environmental Systems

Planning for a Sustainable Future
Sponsored By: Dakota Software

The EHS Guidebook: Selecting, Implementing, and Using EHS Software Solutions
Sponsored By: EtQ


One thought on “Pipeline Could Have Saved Customers $890M

  1. …saved consumers money on fossil fuels purchases so they could spend many times that savings on adaptation to climate change issues and health care for FF emissions.

Leave a Comment

User Name :
Password :
If you've no account register here first time
User Name :
User Email :
Password :

Login Now