The nera report inappropriately uses the energy information administration annual energy outlook eia aeo 2011 demand forecast, which says demand for natural gas to produce electricity will decrease by 2020 with only a small increase in industrial demand. Aeo2006 is the first edition of the annual energy outlook aeo to provide projections through 2030. The share of electricity generation from renewables doubles source. Tax and duty manual appendix 2 self assessment questionnaire 3 summary of application procedure 1. The 2011 aeo includes many side cases that provide projections of energy markets under a variety of different assumptions. Wti and brent oil price spread 200412 0 100 200 300 400 500 600 10 5 0 5 10 15 20 25.
Economic impact and small business analysis for the final. Eia published an early release version of the aeo2011 reference case in december 2010. Annual energy outlook 2011 reference case the paul h. In the buildings sector, tax credits for the purchase of energyefficient. Appendix a key assumptions for levelized costs final. Annual energy outlook 2020 energy information administration. Aeo projections, nems is also used to complete analytical studies for the u. Cornbased biofuel subsidies in the rural energy for america reap program. The energy information administration eia produces forecasts of energy supply and demand for the next 20 years using the national energy modeling system nems. Business investment tax credit for fuel cells and microturbines, chp systems, small wind turbines, geothermal heat pumps 20092016 energyefficient equipment tax credit 20092016. Levelized cost of new electricity generating technologie1. Coal projections from the annual energy outlook 2011 early. Impact of a renewable energy tax credit extension and phaseout.
Energy information administration eia, presents longterm projections of energy supply, demand, and prices through 2035, based on results from eias national energy modeling system nems. Energy information administration, annual energy outlook 2020 aeo2020 reference case 46% 38% 14% 5% 33% 37% 15% 7% 2% 3%. Extension of the wind production tax credit delivers fiscal. The natural gas gamble, ucs uses a version of nems modified to include changes to some assumptions, such as future. The variability of potential revenue from a tax on carbon. The annual energy outlook presents an assessment by the u. Eia us natural gas production projections, tcfyear source. In december 2011, a district court delayed the rule from going into. Conti email protected, 2025862222, assistant administrator of energy analysis. The cost of the main tax scenarios can be calibrated by considering the number of months that the.
The fuel cost per mile for a hydrogen fuel cell vehicle is set equivalent to the price of the competing vehicle on a per mil e basis. Also used extensively outside of eia ngos, private sector, etc. Unlike permanent tax credits, the ptc is only earned by wind projects that are operational before january 1, 20. Federal tax credits have played an important role in the rapid growth of the u. Uscode2011title42pdfuscode2011title42chap85subchapiparta.
Annual energy outlook 2006 overview national wind watch. Aside from blender pump subsidies that were funded through usdas reap program from 20112014, reap also continues to subsidize corn ethanol facilities even though the farm bill energy title is meant to spur development of nonfoodbased bioenergy sources. Levelized cost of new electricity generating technologies ier. Energy information administration eia official energy statistics from the u. Eia provided the levelized cost of renewable and nonrenewable energy in its annual energy outlook 20 early release. The eia costs are provided in 2011 dollars for plants entering service in 2018 and are overnight cost estimates. Detailed model results through 2035 are available in an interactive table browser along with extensive analysis of energy issues, regulations, and legislation in the complete report. Eia facilitates project development, fundraising, and logistical support for infrastructure projects in these countries. Ppa sample, and analyze six investment options over a 30year period using the u. Complete the aeo selfassessment questionnaire, create a tabulated folder of your relevant document procedures and retain it in your premises.
Annual energy outlook projections and the future of solar. Annual energy outlook 2011 contains extensive analysis of. Eia, annual energy outlook 2011 and annual energy outlook 2010 reference cases. Levelized cost of new electricity generating technologies the energy information administration eia produces forecasts of energy supply and demand for the next 20 years using the national energy modeling system nems1. This study assesses twelve years of these projections of generation and capacity for six classes of renewable technologies. However, in the aeo2011 reference case a 3percentage point increase in the cost of. Federal subsidies for corn ethanol and other cornbased. Eia resolves the difficulty of modeling solar energy into the future by assuming its current growth will not continue. Leveraging federal renewable energy tax credits state and local governments have a limited window of opportunity to leverage recentlyextended federal tax credits to accelerate the deployment of clean, renewable energy.
Most of the growth in renewable electricity generation is from solar and wind. Tax credit extensions, appliance standards, and building codes. The annual energy outlook 2009 aeo2009, prepared by the energy information administration eia, presents longterm projections of energy supply, demand, and prices through 2030, based on results from eias national energy modeling system nems. Energy information administration eia, which report results from the most widely used and influential energy model in the country. Aeo2011 expanded policies and technology sensitivities.
The availability of various incentives including state or federal tax credits can also impact the calculation of levelized cost. The energy information administration eia, in preparing projections for the annual energy outlook 2006 aeo2006, evaluated a wide range of trends and issues that could have major implications for u. Eia aeo forecasts from trevor houser, peterson institute for international economics, unpublished manuscript 0 5 10 15 20 25 30 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 20 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033. This paper presents average national levelized costs for generating technologies that are brought on line in 2016. The latest version of the aeo guidelines is published on the website of dg taxud. Jun 15, 2015 cornbased biofuel subsidies in the rural energy for america reap program. Shale gas offsets declines in other us supply to meet consumption growth and lower import needs. Eia energy outlook 2011 more than doubles estimates of us. Annual energy outlook 2019 with projections to 2050 eia. Energy information administration eia, presents longterm projections of energy supply, demand, and prices through 2035, based on results from eias national energy modeling system. The estimated gdp penalties are much smaller in later years, declining to 0.
The range of natural gas and coal prices used in figure 1 are based on eia projections from annual energy outlook 2011 aeo 2011. What are the current and projected relative costs per. The annual energy outlook 2011 aeo2011, prepared by the u. The nera report inappropriately uses the energy information administration annual energy outlook eiaaeo 2011 demand forecast, which says demand for natural gas to produce electricity will decrease by 2020 with only a small increase in industrial demand. The eiaaeo 2011 forecast is incorrect since it does not take into account the demand side. The aeo reference case projections are based on current federal, state, and local laws and regulations. Levelized cost of new generation resources in the annual. Doeeia03832011 april 2011 annual energy outlook 2011.
Eea form 990 2011 engineers in action 2617461 engineers in action eia is a charitable organization providing engineering solutions to meet the needs of those located in impoverished nations. Generally, companies that can work within the tax code to pay lower taxes are looked upon favorably by investors, since these tax savings indirectly accrue to. Chart data can be accessed by rightclicking the chart in the ppt file. The eia aeo 2011 forecast is incorrect since it does not take into account the demand side. Energy information administrations eia aeo 20 natural gas price scenarios with and without carbon tax, and our own scenarios created using monte carlo simulation and random walk. Energy information administration of the outlook for energy markets through 2050. Generally, companies that can work within the tax code to pay lower taxes are looked upon favorably by investors, since these tax savings indirectly accrue to shareholders. The other significant changes that have occurred since the ucs study was released in 2011 are a decline in natural gas prices and the cost of wind and solar pv projects. The annual energy outlook 2011 aeo2011 reference case released yesterday by the us energy information administration eia more than doubles the technically recoverable us shale gas resources assumed in. Eia arose in response to the pollution and the unnecessary degradation of natural resources caused by rapid and unsustainable industrialization, agricultural development, and technological progress.
Assessing the hedging value of wind against natural gas. Modeling the impact of a carbon tax on the commercial. Effective tax rates show a companys anticipated tax bill as a percentage of taxable income. These forecasts are updated annually and published in the annual energy outlook aeo. Dec 17, 2010 shale gas offsets declines in other us supply to meet consumption growth and lower import needs. The united states energy information administration releases an aeo annual energy outlook projecting future supply, demand, and resources for energy and electricity in the u. Eia recognizes that natural resources are finite and. Range includes diverse technologies, fuel economies and incremental vehicle cost assumptions. Used by eia for its annual energy outlook aeo projections, as well as congressional and other agency requests. Rail energy transportation advisory committee to the surface transportation board. Icf and aeo comparison icf model reference case aeo 2011 reference case 2010 2020 2035 2020 2035 us natural 21.
Nems was developed by the energy information administration eia an independent agency within the department of energy. Energy information administration eia, under the direction of john j. Key analyses of interest from issues in focus in recent aeos. The annual energy outlook 2016 aeo2016 was prepared by the u. American eagle outfitters effective tax rate ttm aeo. The annual energy outlook 2011 was prepared by the u. Coal projections from the annual energy outlook 2011 early release. Wind projects are developed over several years and have significant lead times for.
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