May 17, 2020

Fracking receives support in new national poll

Admin
2 min
An oil worker adusts a pipe
A plurality of Americans are in favor of hydraulic fracturing or "fracking" to extract natural gas from the ground, according to a survey of...

A plurality of Americans are in favor of hydraulic fracturing or "fracking" to extract natural gas from the ground, according to a survey of 1,003 adults by the Robert Morris University Polling Institute Powered by Trib Total Media.

After a balanced presentation of fracking offered by energy groups and environmental groups, 42.3 percent reported they strongly support fracking while 32.8 percent expressed opposition – somewhat or strongly.  Many, 24.9 percent, were unsure.

Among those with an opinion, the majority, 56.4 percent, supports fracking and 43.6 percent are opposed.

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“It is interesting that a majority is in support of fracking. Just three years ago, when there was staunch opposition to fracking by many environmental groups, I think you would have been lucky to have a third of poll respondents in support of fracking,” said Tony Kerzmann, assistant professor of engineering at RMU.

Among those with an opinion:

  • 59.6 percent suggest the environmental impact of gas drilling outweighs any resulting reduced energy costs or energy independence;
  • 73.9 percent see new drilling technologies, which allow fracking, helping the United States move to energy independence;
  • 80.1 percent suggest fracking has the potential to help the United States economy; and
  • 60.2 percent suggest the United States begin exporting new natural gas resources resulting from fracking.

Forty percent of all respondents strongly or somewhat supported fracking in their hometown; while 34.7 percent were strongly or somewhat opposed. One-quarter, 25.3 percent, were unsure. Among those with an opinion, 53.6 percent would support fracking in their hometown.

The Poll was conducted by the Robert Morris University Polling Institute Powered by Trib Total Media. Polling by the Institute is conducted on a regular basis and may also include spontaneous polling on occurring events.

The Poll sampled opinions of 1,003 approximately proportional to state population contribution nationwide. The survey was conducted Oct. 23 to Nov. 1, 2013. All surveys were conducted using an online survey instrument. The poll has a +/- 3.0 percent margin of error at a 95 percent confidence level on a composite basis. 

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Jul 26, 2021

Ofwat allows retailers to raise prices from April

Ofwat
Utilities
water
prices
Dominic Ellis
3 min
Ofwat confirms levels of bad debt costs across the business retail market are exceeding 2% of non-household revenue

Retailers can recover a portion of excess bad debt by temporarily increasing prices from April 2022, according to an Ofwat statement.

The regulator confirmed its view that levels of bad debt costs across the business retail market are exceeding 2% of non-household revenue, thereby allowing "a temporary increase" in the maximum prices. Adjustments to price caps will apply for a minimum of two years to reduce the step changes in price that customers might experience.

Measures introduced since March 2020 to contain the spread of Covid-19 could lead to retailers facing higher levels of customer bad debt. Retailers’ abilities to respond to this are expected to be constrained by Ofwat strengthening protections for non-household customers during Covid-19 and the presence of price caps.  

In April last year, Ofwat committed to provide additional regulatory protection if bad debt costs across the market exceeded 2% of non-household revenue. 

Georgina Mills, Business Retail Market Director at Ofwat said: “These decisions aim to protect the interests of non-household customers in the short and longer term, including from the risk of systemic Retailer failure as the business retail market continues to feel the impacts of COVID-19. By implementing market-wide adjustments to price caps, we aim to minimise any additional costs for customers in the shorter term by promoting efficiency and supporting competition.”  

There are also three areas where Ofwat has not reached definitive conclusions and is seeking further evidence and views from stakeholders:   

  1. Pooling excess bad debt costs – Ofwat proposes that the recovery of excess bad debt costs is pooled across all non-household customers, via a uniform uplift to price caps. 
  2. Keeping open the option of not pursuing a true up – For example if outturn bad debt costs are not materially higher than the 2% threshold. 
  3. Undertaking the true up – If a 'true up' is required, Ofwat has set out how it expects this to work in practice. 

Further consultation on the proposed adjustments to REC price caps can be expected by December.

Anita Dougall, CEO and Founding Partner at Sagacity, said Ofwat’s decision comes hot on the heels of Ofgem’s price cap rise in April.

"While it’s great that regulators are helping the industry deal with bad debt in the wake of the pandemic, raising prices only treats the symptoms. Instead, water companies should head upstream, using customer data to identify and rectify the causes of bad debt, stop it at source and help prevent it from occurring in the first place," she said.

"While recouping costs is a must, water companies shouldn’t just rely on the regulator. Data can help companies segment customers, identify and assist customers that are struggling financially, avoiding penalising the entire customer in tackling the cause of the issue."

United Utilities picks up pipeline award

A race-against-time plumbing job to connect four huge water pipes into the large Haweswater Aqueduct in Cumbria saw United Utilities awarded Utility Project of the Year by Pipeline Industries Guild.

The Hallbank project, near Kendal, was completed within a tight eight-day deadline, in a storm and during the second COVID lockdown last November – and with three hours to spare. Principal construction manager John Dawson said the project helped boost the resilience of water supplies across the North West.

“I think what made us stand out was the scale, the use of future technology and the fact that we were really just one team, working collaboratively for a common goal," he said.

Camus Energy secures $16m funding

Camus Energy, which provides advanced grid management technology, has secured $16 million in a Series A round, led by Park West Asset Management and joined by Congruent VenturesWave Capital and other investors, including an investor-owned utility. Camus will leverage the operating capital to expand its grid management software platform to meet growing demand from utilities across North America.

As local utilities look to save money and increase their use of clean energy by tapping into low-cost and low-carbon local resources, Camus' grid management platform provides connectivity between the utility's operations team, its grid-connected equipment and customer devices.

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