Data from Affordable Energy for New Jersey
Shows Failure to Build Adequate Pipeline Structure Will Result in
Higher Energy Costs and More Pollution
SPRINGFIELD, N.J., April 17,
2024 /PRNewswire/ -- An analysis of New Jersey energy demand and requirements
shows that three out of four New
Jersey households currently rely on natural gas for heating
and 80 percent of New Jersey
residents support the construction of natural gas pipelines that
would significantly reduce overall emissions.
The analysis completed for Affordable Energy for New Jersey (AENJ) by Dr. Ellen Wald, co-founder of Washington Ivy
Advisors, reviewed New Jersey's
energy needs, sources, public opinion and future consequences.
"It is clear from the information obtained that without more
natural gas, the demands due to population and economic growth, and
increased electrification will strain New
Jersey's electrical grid to the breaking point," Dr. Wald
concluded. "Natural gas pipeline represent the safest, most
dependable, and most environmentally-friendly method of
transporting natural gas to prevent that scenario. All
demographics of New Jersey
residents also support the construction of natural gas pipelines
when faced with cost savings."
The analysis shows that
- Nuclear, coal, oil and renewable energy cannot meet
New Jersey's future energy demand
in the same reliable, flexible, inexpensive and clean ways that
natural gas can
- When electricity demand spikes, New
Jersey power plants will burn coal or oil and the regional
transmission organization will import electricity from neighboring
regions that burn coal for power
- Failure to build adequate pipeline infrastructure will result
in higher energy costs for residents and more pollution
"Once again New Jersey
residents have spoken and they overwhelmingly support natural gas
as preferred energy source," said Ron
Morano, AENJ Executive Director. "It's time for regulators
and elected officials to stand up and take notice of what the
future holds if the current Energy Master Plan continues to call
for the elimination of natural gas."
Additional analysis details can be found
here
Dr. Ellen Wald is a co-founder of
Washington Ivy Advisors and the president of Transversal
Consulting. She holds a B. A. from Princeton
University and has conducted significant research on
geopolitics, energy policy and energy markets. Wald is a Senior
Fellow at the Atlantic Council's Global Energy Center, a Fellow at
the Canadian Global Affairs Institute, and author of "Saudi, Inc. -
The Arabian Kingdom's Pursuit of Profit and Power." She has been
cited in The New York Times, the
Los Angeles Times, the Wall Street
Journal, Reuters, The Washington Post, NPR Morning Edition, and
elsewhere.
About Affordable Energy for New
Jersey:
Affordable Energy for New
Jersey (AENJ) is a broad, grassroots coalition that
advocates for actionable, fact-driven energy policy that emphasizes
keeping costs low for our residents and businesses and evaluates
energy policies and proposals based by asking the following three
questions: Is it feasible? Is it reliable? What does it
cost?
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SOURCE Affordable Energy for New
Jersey