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A Report Finds that Reducing Diversity in America's Power Supply Would Significantly Harm the Economy


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(OPEN):
THE U-S CURRENTLY BENEFITS FROM ITS DIVERSE POWER-SUPPLY--AND MOVING TOWARD A MUCH-LESS-DIVERSE PORTFOLIO OF FUEL AND TECHNOLOGIES IN POWER-GENERATION WILL SIGNIFICANTLY HARM AMERICA'S ECONOMY.  THAT'S THE CONCLUSION OF A RECENTLY RELEASED STUDY BY "I-H-S CERA" [LIKE "SEER-AH"] THAT EXAMINED A THEORETICAL SCENARIO INVOLVING: MORE NATURAL-GAS AND RENEWABLE-ENERGY; LESS HYDROELECTRICITY; AND NO MEANINGFUL CONTRIBUTION FROM COAL OR NUCLEAR-POWER.  THE COMPANY'S LAWRENCE MAKOVICH DIRECTED THE STUDY...

(MAKOVICH):
"
SUCH FACTORS AS TIGHTER ENVIRONMENTAL-REGULATIONS, MARKET-FLAWS THAT CHRONICALLY DEPRESS WHOLESALE-POWER PRICES, AND UNPOPULAR OPINIONS OF SOME POWER-SOURCES ARE, RIGHT NOW, MOVING THE U-S TOWARDS A SIGNIFICANT REDUCTION IN POWER-SUPPLY DIVERSITY, IN THE YEARS AHEAD.  THE REDUCED-DIVERSITY CASE INCREASES WHOLESALE-POWER PRICES BY ABOUT 75-PERCENT--AND RETAIL-POWER PRICES BY ABOUT 25-PERCENT.  THESE PRICE-INCREASES REDUCE THE TYPICAL HOUSEHOLD'S ANNUAL DISPOSABLE-INCOME BY OVER TWO-THOUSAND DOLLARS--AND PRODUCE ABOUT A MILLION FEWER JOBS, IN THE U-S ECONOMY.  ALTOGETHER, THESE ECONOMIC-IMPACTS SET BACK AMERICA'S ANNUAL G-D-P BY NEARLY 200-BILLION DOLLARS."

(CLOSE):
THE STUDY ALSO POINTS OUT THAT IT'S EASY TO TAKE THE VALUE OF POWER-SUPPLY DIVERSITY FOR GRANTED--AND, MAKOVICH SAYS, THAT'S WHY QUANTIFYING THE CURRENT VALUE OF A DIVERSE POWER-GENERATING PORTFOLIO ADDS A KEY MISSING-PIECE TO THE CURRENT ENERGY-POLICY DIALOGUE.  FOR MORE INFORMATION ON THE STUDY, VISIT "I-H-S"-DOT-COM.



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