Bringing natural gas to Kincardine, Arran-Elderslie and Huron-Kinloss could save up to $27 million per year, according to a new report from Elenchus Research Associates Inc.
“The report concludes that annual energy savings in the residential, commercial, agricultural, industrial and municipal sectors could total $27 million per year once the new gas utility is fully up and running,” the media release from the Municipality of Kincardine reads.
The Elenchus report, released Feb. 25, 2015, examines the potential economic gain from bringing natural gas to the area, chief administrative officer Murray Clarke said.
"Or looking at it from the inverse, the annual economic loss being experienced in not having the utility," he added.
It comes on the heels of last fall's natural gas business case, which examined anticipated demand and expected capital cost to bring the utility to the region.
“The natural gas business case we released to the public last fall shows that a new gas utility could be viable for our area,” said Arran-Elderslie mayor Paul Eagleson. “This latest report underscores the conclusions and recommendations in the business case.”
The report assessed potential benefits from bringing natural gas to the area in three categories: direct energy cost savings for potential customers; the environmental benefit for Ontario from reduced carbon footprint; and indirect benefits to the communities.
Areas without natural gas are at an economic disadvantage compared to their neighbours, the report states. It says southern Bruce County is lagging behind the growth of other nearby communities, which are more attractive to potential industry and homeowners who “expect natural gas to be available wherever they locate.”
“By finally having access to natural gas, we will remove and impediment to development in our area by leveling the playing field with neighbouring municipalities who already have gas,” Huron-Kinloss mayor Mitch Twolan said. “Having no access to natural gas is clearly an impediment to new investment and jobs in our communities.”
In terms of environmental benefit, the report states that switching to natural gas could reduce annual carbon dioxide emissions by 20,356 kilograms per year.
The report concludes that natural gas is a “more attractive” option than propane, heating oil and electricity based on economic, environmental, financial and operational reasons.
Municipality of Kincardine mayor Anne Eadie said the next step for the three municipalities is to canvas the marketplace for potential partners and operators.
“We expect to receive information proposals from multiple potential partners by late spring,” she said.
Source: http://www.lucknowsentinel.com/2015/03/03/natural-gas-could-save-up-to-27-million-annually-new-study-says
“The report concludes that annual energy savings in the residential, commercial, agricultural, industrial and municipal sectors could total $27 million per year once the new gas utility is fully up and running,” the media release from the Municipality of Kincardine reads.
The Elenchus report, released Feb. 25, 2015, examines the potential economic gain from bringing natural gas to the area, chief administrative officer Murray Clarke said.
"Or looking at it from the inverse, the annual economic loss being experienced in not having the utility," he added.
It comes on the heels of last fall's natural gas business case, which examined anticipated demand and expected capital cost to bring the utility to the region.
“The natural gas business case we released to the public last fall shows that a new gas utility could be viable for our area,” said Arran-Elderslie mayor Paul Eagleson. “This latest report underscores the conclusions and recommendations in the business case.”
The report assessed potential benefits from bringing natural gas to the area in three categories: direct energy cost savings for potential customers; the environmental benefit for Ontario from reduced carbon footprint; and indirect benefits to the communities.
Areas without natural gas are at an economic disadvantage compared to their neighbours, the report states. It says southern Bruce County is lagging behind the growth of other nearby communities, which are more attractive to potential industry and homeowners who “expect natural gas to be available wherever they locate.”
“By finally having access to natural gas, we will remove and impediment to development in our area by leveling the playing field with neighbouring municipalities who already have gas,” Huron-Kinloss mayor Mitch Twolan said. “Having no access to natural gas is clearly an impediment to new investment and jobs in our communities.”
In terms of environmental benefit, the report states that switching to natural gas could reduce annual carbon dioxide emissions by 20,356 kilograms per year.
The report concludes that natural gas is a “more attractive” option than propane, heating oil and electricity based on economic, environmental, financial and operational reasons.
Municipality of Kincardine mayor Anne Eadie said the next step for the three municipalities is to canvas the marketplace for potential partners and operators.
“We expect to receive information proposals from multiple potential partners by late spring,” she said.
Source: http://www.lucknowsentinel.com/2015/03/03/natural-gas-could-save-up-to-27-million-annually-new-study-says
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