Affordable and Reliable Home Energy for an Aging Population • Keeping the Golden Years Energized • NARUC Winter Committee Meetings • Washington, DC, February 11, 2014 • Christopher Baker • AARP Public Policy Institute Title text here
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 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 Source: AARP Public Policy Institute analysis of 2012 Consumer Expenditure Survey.
Utility Expenditures as a Percent of Average Annual Expenditures by Ethnicity 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.
Expenditures on Electricity Comprise a Larger Portion of Utility Expenditures for Lower-Income Consumers Aged 50+ 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 • 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
AARP Public Policy Institute www.aarp.org/ppi Christopher Baker Senior Strategic Policy Advisor email@example.com Twitter: @AARPpolicy Blog: www.aarp.org/policyblog Title text here