|
|

|Impacts of a 25-Percent Renewable Electricity Standard as Proposed in the American Clean Energy and Security Act Discussion Draft                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Addendum: Projected Expenditure Impacts By  Sector
                      In response to a request from Chairman Edward Markey, the  Energy Information Administration (EIA) prepared a report addressing the  projected impacts of a 25-percent renewable  electricity standard (RES) as proposed  in the American Clean Energy and Security Act (ACESA) discussion draft.  This addendum responds to a further request  from Chairman Markey that EIA provide additional summary information regarding  the projected impacts of the RES  on expenditures for electricity and natural gas in the residential, commercial,  and industrial sectors, spanning the period from 2020, when EIA’s analysis  shows that the RES program first  becomes binding on a national basis, to 2030, the end of the projection period  for the *Annual Energy Outlook 2009*.
                      The projected impacts of the RES  on energy expenditures vary across sectors, the type of fuel consumed, and the  year considered.  Electricity  expenditures generally rise, reflecting the effect of the RES in shifting to higher-cost renewable generation  sources, while expenditures on natural gas generally fall, reflecting the  reduction in the price of natural gas as electricity sector demand for that  fuel is reduced by the RES.  The expenditure changes for electricity and  natural gas also reflect some small impacts of the RES  itself and the price changes it causes on projected levels electricity and natural  gas consumption.
                      Table A1 provides summary information on percentage changes in  expenditures relative to the baseline for the two RES  cases considered in EIA’s analysis of the RES. The RES  with Full Efficiency Credits (RESFEC) case assumes that the maximum level of  efficiency credits, up to one fifth of the credits in the target in any given  year, are claimed. This is reflected as  a 20-percent reduction in the applicable target for eligible renewable generation.  The RES  with No Efficiency Credits (RESNEC) case assumes that States cannot qualify  for, or elect not to use, efficiency credits.
                    Tables A2 through A4 provide the projections for prices,  consumption, and expenditures in the three sectors that are the basis of the  calculations reported in Table A1.  All  of the information in these tables is drawn from the summary spreadsheets that  will be posted on EIA’s website with the RES  analysis report.
|Addendum: Projected Expenditure Impacts By  Sector
                      In response to a request from Chairman Edward Markey, the  Energy Information Administration (EIA) prepared a report addressing the  projected impacts of a 25-percent renewable  electricity standard (RES) as proposed  in the American Clean Energy and Security Act (ACESA) discussion draft.  This addendum responds to a further request  from Chairman Markey that EIA provide additional summary information regarding  the projected impacts of the RES  on expenditures for electricity and natural gas in the residential, commercial,  and industrial sectors, spanning the period from 2020, when EIA’s analysis  shows that the RES program first  becomes binding on a national basis, to 2030, the end of the projection period  for the *Annual Energy Outlook 2009*.
                      The projected impacts of the RES  on energy expenditures vary across sectors, the type of fuel consumed, and the  year considered.  Electricity  expenditures generally rise, reflecting the effect of the RES in shifting to higher-cost renewable generation  sources, while expenditures on natural gas generally fall, reflecting the  reduction in the price of natural gas as electricity sector demand for that  fuel is reduced by the RES.  The expenditure changes for electricity and  natural gas also reflect some small impacts of the RES  itself and the price changes it causes on projected levels electricity and natural  gas consumption.
                      Table A1 provides summary information on percentage changes in  expenditures relative to the baseline for the two RES  cases considered in EIA’s analysis of the RES. The RES  with Full Efficiency Credits (RESFEC) case assumes that the maximum level of  efficiency credits, up to one fifth of the credits in the target in any given  year, are claimed. This is reflected as  a 20-percent reduction in the applicable target for eligible renewable generation.  The RES  with No Efficiency Credits (RESNEC) case assumes that States cannot qualify  for, or elect not to use, efficiency credits.
                    Tables A2 through A4 provide the projections for prices,  consumption, and expenditures in the three sectors that are the basis of the  calculations reported in Table A1.  All  of the information in these tables is drawn from the summary spreadsheets that  will be posted on EIA’s website with the RES  analysis report.