Will the Cost of Energy Increase? On Statistics from the US Energy Information Administration [PRO]

- July 31, 2014 10:27 AM | Categories: Commodities, Cost Management, Industry News

Of all the things procurement buys, nothing is more critical to business operations than energy – both price and availability. The US Energy Information Administration (USEIA) has just published their most recent numbers for the nation’s electricity generation, capacities, and prices. The administration defines net summer capacity thus: "the maximum output, commonly expressed in megawatts (MW), that generating equipment can supply to system load, as demonstrated by a multi-hour test, at the time of summer peak demand (period of June 1 through September 30.) This output reflects a reduction in capacity due to electricity use for station service or auxiliaries.”

However, the USEIA provides no summer/winter comparisons in their numbers, nor do they provide a comparison between existing and projected capacities with consideration given to both new and retiring plants. So are we gaining or losing power generation ground? Since the USEIA also does not provide us with a report on the realistic future power generation capacity, Thomas Kase (VP of research, Spend Matters) ran the numbers himself. This Spend Matters PRO research brief is accompanied by two downloadable detailed spreadsheets.

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The ‘Ol John Hancock in the Digital Age: A New Webinar from Spend Matters

- July 31, 2014 6:22 AM | Categories: Innovation

Just why are digital signatures so important in the technology age? Jason Busch will be presenting a new webinar this morning at 11 am CDT, Signing the Dotted Line: Digital Signatures ARE that Important. In addition to Plus/PRO subscribers, procurement practitioners will also be able to join for free. Register here!

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