Category: Energy (Page 3 of 14)

New Year, New Chart? 4 Tips for More Effective Data Visualization

Here at the Environmental Finance Center we work with a lot of data, but all the data in the world is useless if you can’t convey the story of the data to people who need to understand it. In line with our mission to support informed financial decision-making, we produce Utility Financial Sustainability and Rates Dashboards and Excel-based tools to help local governments and stakeholders visually decode complex data. Since I joined the EFC last year as a Data Specialist & Project Manager, I’m happy to say that it is my job to make sure that the visualizations we produce get the message across as efficiently and accurately as possible. Based on my experience I’ve put together some tips on how to give your charts a makeover to give your viewers the biggest impact.

However, you don’t have to be a data nerd to benefit from these makeover guidelines (although, welcome to the club if you are!). Anyone can use the following tips for more effective visualizations, whether you’re presenting at a board meeting or reviewing your own personal budget.

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How Much Do Households Pay for Utilities, Fuels, and Public Services?

Every year, the United States Bureau of Labor Statistics (BLS) publishes data on household expenditures, income, and demographics collected through the Consumer Expenditure Survey. This nationally-representative survey reveals, among other things, how much households are spending on electricity, water and other public services, natural gas, fuel, and telephone services. This blog post summarizes how average household expenditures for these services have changed since 2000. 

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A New Employee Benefit: Energy Efficiency Programs

Guest post by Amanda Sear, Research Assistant, Duke Carbon Offsets Initiative

As the temperature starts rising outside, energy bills can trend skyward as well. In the summer and winter, insufficient insulation and poor weatherization can make houses leak cool and warm air almost as quickly as it is generated. While many people are aware that home energy efficiency improvements can lower utility bills, investments in energy efficiency retrofits are not every homeowner’s priority.

In the interest of encouraging its employees to invest in energy efficiency projects, in 2012, Duke University began a five-year effort to identify the barriers that prevent homeowners from retrofitting their homes and determine the best strategies to overcome them. This culminated in an energy efficiency pilot program aimed to help Duke employees complete energy efficiency home retrofits and track reductions in energy use and carbon emissions. The Environmental Finance Center at UNC provided financial advisory and program management support for this pilot program and collaborated with DCOI on the final evaluation of the program.

The full report, which evaluates the results of Duke’s pilot program and makes recommendations for Duke and other employers implementing employee-based energy efficiency programs, can be found here.

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Mapping Customers that may Need Additional Assistance in 8 Simple Steps

Bad debt plagues every utility: electric, water, sewer, phone, gas – you name it. A utility can spend thousands of dollars trying to recover the costs of delinquent accounts, and unfortunately, utilities with bad debt meet a costly fate. Bad debts are assumed by the company, and categorized with other necessary expenses; it has become a sacrifice that companies are expected to make. The accumulation of bad debt has become so normal for these companies that estimates are made, dollar amounts are calculated, budgets are finalized, and subsequently, bad debts are forgotten.

Delinquencies and bad debt can be caused by customers who have a harder time paying their bills, whether because of financial constraints or difficulties in communicating with the utility. To improve customer service, utilities can try to identify areas or customers that may need additional assistance or target outreach programs that can help customers communicate with the utility.

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One Major Thing LBNL’s “Energy Efficiency Program Financing” Technical Brief Doesn’t Tell Us (and Several Surprising Things it Does)

Earlier this week, Lawrence Berkeley National Laboratory (LBNL) released a technical brief, “Energy Efficiency Program Financing: Where it comes from, where it goes, and how it gets there.” Financing specifically refers to capital that is used to cover project upfront costs but then paid back over time (unlike rebates or other incentives). This characteristic of financing programs also makes them ideal tools to amplify the impact of limited amounts of public funding for energy efficiency, by recycling the funds as they are repaid for further projects, and by using the public funds to attract greater amounts of private capital.

The research highlights several intriguing (but expected) takeaways and a few surprises, but bypasses one key insight.

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