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Transcript of Title text here Affordable and Reliable Home Energy for an Aging Population Keeping the Golden Years...
Title text hereAffordable and Reliable Home Energy for an Aging Population
Keeping the Golden Years Energized NARUC Winter Committee MeetingsWashington, DC, February 11, 2014
Christopher BakerAARP Public Policy Institute
AARP Public Policy Institute
The Public Policy Institute informs and stimulates
public debate on the issues we face as we age.
The Institute promotes development of sound,
creative policies to address our common need for
economic security, health care, and quality of life.
An Aging Population
Baby boomers will turn 65 at a rate of nearly 8,000 per day for the next 17 years.
By 2030, adults age 65+ will account for roughly 20% of the population.
By 2050, older people will outnumber children for the first time in history.
Access to Home Energy is Particularly Important for Older Adults
Aging can impair the body’s ability to maintain a normal temperature.
Other factors:
Chronic medical conditions such as diabetes, lung
disease, and heart disease
Multiple prescription medicines
Percentage of Older Adults with One or More Chronic Conditions
Age 50+ 50-64 65-74 75-84 85+0
25
50
75
100
79.772.5
87.9 92.3 92.9
Source: Source: Johns Hopkins Bloomberg School of Public Health analysis of Medical Expenditure Panel Survey, 2005. Data does not include people who live in institutions.
Utility Expenditures as a Percentage of Average Annual Expenditures Are Highest for Older Consumers
< Poverty 100-199% Poverty
200-299% Poverty
300%+ Poverty0
5
10
15
9.2 8.87.9
5.8
10.2 10.5
8.9
6.2
11.410.8
9.4
6.7
<50 50-64 65+
Perc
ent
of
Avg.
Annual Expendi-
ture
s
Source: AARP Public Policy Institute analysis of 2012 Consumer Expenditure Survey.
Utility Expenditures as a Percent of Average Annual Expenditures by Ethnicity
White African-American Hispanic Other0
5
10
15
6.4
8.47.6
5.5
6.8
9.6
8
6.3
8
12.2
10.2
7.2
<50 50-64 65+
Ethnicity
Perc
ent
of
Avg
. A
nnual Exp
endi-
ture
s
Source: AARP Public Policy Institute analysis of 2012 Consumer Expenditure Survey.
Expenditures on Electricity Comprise the Largest Portion of Utility Expenditures for Consumers Aged 50+
Source: AARP Public Policy Institute analysis of 2012 Consumer Expenditure Survey.
Electricity38%
Tele-phone31%
Natural Gas10%
Water and
Other Public
Services15%
Fuel Oil and
Other Fuels5%
Expenditures on Electricity Comprise a Larger Portion of Utility Expenditures for Lower-Income Consumers Aged 50+
< Poverty 100-199% Poverty
200-299% Poverty
300%+ Poverty
0
10
20
30
40
50
60
44 41 40 36
1010 10
10
35 5
5Fuel Oil and Other Fuels
Natural Gas
Electricity
Perc
ent
of
Uti
lity
Expendit
ure
s
Source: AARP Public Policy Institute analysis of 2012 Consumer Expenditure Survey.
AARP state surveys: many older adults are concerned about the cost of their home energy going up
All surveys are available at www.aarp.org/utilities.
Expenditures for Heating Fuels vs. Average LIHEAP Grants, 2007-2013, All Age Groups
2007
—08
2008
—09
2009
—10
2010
—11
2011
—12
2012
—13
$0
$250
$500
$750
$1,000
$1,250
$378 $362
$502 $429 $417 $375
$952 $975 $914 $918 $909 $844
Average LIHEAP Heating Grant Average Heating Expenditures
Sources: Short Term Energy Outlook, October 2013 (Table WF01); LIHEAP Home Energy Notebooks, 2007–2009; NEADA 2012 Energy Assistance Survey
Promoting the Important Connection between Affordable Energy and Health
• LIHEAP supplements
• Shut-off protections
• Energy efficiency
• Energy assistance
• Home heating oil
• Power restoration priorities
• Smart meters
• Time-of-use rates
• Rate cases
• Rate design
Health should be considered in any policy decision that has an impact on energy use
Title text here AARP Public Policy Institute www.aarp.org/ppi
Christopher BakerSenior Strategic Policy Advisor
Twitter: @AARPpolicy Blog: www.aarp.org/policyblog