Failure to Invest in Energy Infrastructure Costing Consumers

A report published by the American Society of Civil Engineers, the United States has fallen behind when it comes to investing in energy infrastructure. Energy companies have failed to adequately invest in electrical grid, oil and gas pipelines, and storage facilities for fuel.

Interestingly, one area in which the US has rebuilt their investments is transmission systems. After a lull in the 1960s, when new lines brought electricity to the nation, a new surge of transmission investments occurred as a reaction to the 2003 blackout in the Northeast. Researchers also suggest immigration has influenced transmission investments, noting that areas in the southwest, which has become popular for American’s craving a warmer climate, is home to many new projects.

According to an article published by Green Tech Media, there is a $94 billion investment gap between the distribution system and the transmission system.

This report resulted in ASCE awarded the United States with a D+ grade for it infrastructure.

In other words? The ways in which U.S. consumers receive energy is inefficient. Unmentioned in this report is the subsequent effects of these shortfalls on consumers. However, it is likely that investment in energy infrastructure would not only improve the quality of service provided by the transmissions, but also make the delivery of energy more efficient for more the supplier and the consumer.

 

Read more here- “Renewables and Resiliency Help Reverse a 30-Year Decline in US Transmission Investments,” (Stephen Lacey, Green Tech Media)

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Olivia is a graduate of Villanova University where she studied Economics and History, minoring in Gender and Women's Studies. She also has experience working with federal legislatures on health care policy, women's issues, and Internet safety.

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