Chris Carnevale | March 20, 2020 | Energy Efficiency, Energy Justice, Tennessee, Utilities

Memphis has probably the most unaffordable energy of any main metropolis in the nation. 

You could have heard concerning the energy affordability disaster in Memphis. Perhaps probably the most authoritative useful resource on energy affordability in Memphis is the 2016 report, Lifting the High Energy Burden in America’s Largest Cities, from the American Council for an Energy Efficient Economy (ACEEE). This report examined the 48 largest metro areas in the nation and the way a lot folks pay for energy (electrical, gasoline, and/or different heating gasoline) in relation to family earnings.

ACEEE discovered that of those main metro areas, Memphians pay the best proportion of their incomes for energy in the nation: 6.2% on common. For context, the standard threshold for energy prices to be thought-about unaffordable is above 6% of family earnings spent on energy, whereas the report discovered that the common value to households in main cities nationwide is 3.5% of earnings.

Energy is Less Affordable for Some

But wanting on the common resident doesn’t inform the entire story. When you drill all the way down to sure populations, it turns into clear that energy is far much less reasonably priced for sure folks. And in all the sub-teams that ACEEE checked out, Memphis topped the listing for unaffordability: low-earnings households, low-earnings multifamily households, African-American households, Latino households, and renting households (see desk beneath).

Source: ACEEE. “Lifting the High Energy Burden in America’s Largest Cities”

Even this desk hides simply how unaffordable energy is for many Memphians. While the common low-earnings Memphian pays 13.2% of their earnings for energy, a really massive variety of Memphians who make little or no cash pay considerably extra to maintain their lights on and their properties snug and secure throughout scorching summers and winter nights.

Tennessee households incomes decrease-incomes use less energy than larger-earnings households, however these decrease-earnings households are paying a a lot larger proportion of their incomes on their energy payments.

The desk beneath exhibits what p.c of a family’s earnings is spent on energy by the highest 25% of households in every of the choose populations.

Source: ACEEE. “Lifting the High Energy Burden in America’s Largest Cities”

With this desk, we are able to see that in Memphis:

  • 25% of low-earnings households pay 25.5% of their earnings for energy
  • 25% of low-earnings multifamily households pay 21.8% of their earnings for energy
  • 25% of African-American households pay 19.4% of their earnings for energy
  • 25% of Latino households pay 15.9% of their earnings for energy
  • 25% of renting households pay 18.5% of their earnings for energy

A reminder, from above, the standard threshold for energy prices to be thought-about unaffordable is above 6% of family earnings spent on energy, and ACEEE’s report discovered that the common value to households in main cities nationwide is 3.5% of earnings. Too many Memphians face prices far exceeding affordability.

As it stands, with out vital motion, Memphians are dealing with probably the most unaffordable energy of any main metropolis in the nation.

Memphians Have The Power

It is with this understanding that the dialogue over the way forward for Memphis’ native utility, Memphis Light, Gas and Water (MLGW), and the way a lot it pays for electrical energy takes on such significance for so many households. Right now, MLGW has a contract to purchase electrical energy from the Tennessee Valley Authority (TVA), however current research have proven that Memphians may save a whole bunch of hundreds of thousands of {dollars} per 12 months by sourcing energy from various provides. These financial savings may imply a world of distinction in serving to to relieve the burden of extraordinarily unaffordable energy for many Memphians.

If it takes leaving TVA to get affordable, equitable, and clean energy for Memphians, the City and MLGW need to keep rapidly advancing the search for alternatives to TVA. Every month the City delays making a choice on whether or not or to not go away may waste tens of hundreds of thousands of Memphians’ {dollars}. We stay up for seeing a strong request for proposals (RFP) from the utility quickly that can give a transparent indication of what number of hundreds of thousands of {dollars} Memphians can save by breaking free from TVA

If you live in Memphis and want to raise this issue to your local leaders, take action and sign the Memphis Has The Power petition. Together we can collectively raise our voices and work to reinvent a Memphis where everyone has affordable, clean energy.

TAKE ACTION

Source link

Load More By emteams77
Load More In Renewable Energy
Comments are closed.

Check Also

India’s Renewable Energy Journey

India’s Renewable Energy Journey. source …