High Gas Prices Change the Calculation
November 30, 2004
While natural gas prices have receded from their 2001 price peak, they are still more than 40 percent higher than the average price to federal customers just 4 years ago. What's more, natural gas prices are likely to remain higher for some time to come. The market has changed dramatically.
To reflect this new market environment, FEMP is revising the Product Energy Efficiency Recommendations. The gas prices in the cost-effectiveness examples will be increased from $.40 per therm to $0.60 per therm. If you're buying new products, you'll be pleasantly surprised by the additional savings available from the recommended products. For example, buying the best-available commercial water boiler will now save more than $62,000 over the life of the product compared to a standard model.
High fuel prices make the purchase of new energy-efficient technologies even more cost-effective, and the increased savings available also provide a stronger incentive for early replacement of inefficient products. If you've been putting off replacing an older natural gas system, now may be a good time to make the move to a new high-efficiency unit.
FEMP is adjusting to the new market—you can, too. Visit the Buying Energy Efficient Products Web site.
Don't wait to save—buy an energy-efficient product today.