Natural gas is coming into sharp focus as the nation's #1 energy policy issue. While electricity was on the front page during the 2000-2001 California crisis and the August 2003 blackout, electricity prices now are mostly stable. Oil prices, while they rose somewhat during the Iraq war, have not generated the economic disaster they did in the 1970s. But natural gas prices have risen to record levels, and show signs of staying high for years to come.
Energy Efficiency and Renewable Energy Can Cut Natural Gas Prices Quickly and Cost-Effectively: Consumers Would Save $103 Billion From a $7 Billion Public Investment
WASHINGTON, D.C. — Policies designed to spur new investments in energy efficiency and renewable energy generation could begin lowering natural gas prices immediately and help consumers save money, according to Natural Gas Price Effects of Energy Efficiency and Renewable Energy Practices and Policies, a study prepared by the American Council for an Energy-Efficient Economy (ACEEE) and released today.
Washington, D.C. — As Congress begins conference discussions on the first major energy bill since 1992, the disturbing trend in higher natural gas prices and the latest power blackout call for bolder federal action to address these serious problems. The American Council for an Energy-Efficient Economy (ACEEE) urges Congress and the President to take stronger steps, in and beyond the energy bill now in conference, to use energy efficiency as a "first responder" in meeting these challenges.
For most of 2003, the hot national energy issue was the high prices and tight supplies for natural gas. Secretary of Energy Spencer Abraham held a Natural Gas Summit on June 26, and has since launched the Smart Energy Campaign to encourage consumer action on energy efficiency and conservation.