Saratoga.com logo
Saratoga.com logo
  • Places to Stay
  • Things To Do
  • Food & Drink
  • Events
  • Businesses
  • Travel Guides
Saratoga Business Journal
  • Home
  • New Businesses
  • Business News
  • Business Reports
  • Business Briefs
  • Business Registrations
  • Personnel Briefs
  • Contact Us
Home  »  Business News  »  Businesses See Energy Costs As A Concern; SEDC Assessment To Address Future Needs
Business News

Businesses See Energy Costs As A Concern; SEDC Assessment To Address Future Needs

Posted onJanuary 6, 2017January 9, 2017

Saratoga Economic Development Corporation (SEDC) is coordinating a strategic assessment of energy use in the Capital Region corridor from eastern Albany north through Saratoga County to Warren and Washington counties.

Increased demand for electricity and natural gas have contributed to the price fluctuations affecting diverse employers’ competitiveness and consumer rates, including small and larger businesses as well as institutional users, SEDC officials said.

“We are focused on keeping our region competitive so we retain businesses and attract investment to drive future job growth,” said Dennis Brobston, SEDC president. “In large part due to the region’s recent economic development successes, increased demand for electricity and natural gas has resulted in our area, especially the zone north through Saratoga County. Large and small businesses have flagged energy cost as a concern.

“Our corridor includes long-standing employers and communities cut off from affordable, cleaner natural gas. Other regions may have community-based distributed generation, cogeneration or other alternative on-site energy sources in mind to help manage supply or cost. We are undertaking this assessment of energy users to better understand current and future needs that will help stakeholders prepare ways to remain competitive for future growth.”

The survey was created in consultation with National Grid. SEDC is soliciting input from businesses, hospitals, school districts and local governments related to use of electric and heat resources. The information will be collected confidentially, blinded and evaluated in aggregate to better understand current energy user’s sources, pricing and expected future demand, Brobston said. Energy rates are a competitive vulnerability compared to other areas of the country.

According to Brobston, over the past couple of years, National Grid has made significant investments in its electric and natural gas infrastructure in the region including more than $220 million in substation improvements, reconductored electric lines, new electric transmission and gas pipes and a new substation. These infrastructure investments are in addition to more than $19 million in economic development grants benefitting the Capital and Northeast Regions of Upstate NY since the program’s inception.

“In order to continue infrastructure investment National Grid needs to know the type of growth local businesses are planning,” said Eastern New York Executive Director Laurie Poltynski. “This information that will be collected by SEDC is critical to our overall investment plan over the next several years.”

“Energy costs are a big segment of our operating budget,” said Dan Frankowski, manager of Quad/Graphic’s Saratoga Springs manufacturing plant. “It is important to understand significant growth could affect our availability and pricing in the future. We support SEDC as they engage the local communities to find out possible impacts due to changes in the region’s load.”

Mike Russo, GlobalFoundries director of U.S. government relations, regulatory affairs and strategic initiatives, said his company “supports SEDC as it undertakes its assessment of current and future energy supply and demand needs in Saratoga County. The region’s continued growth in innovative technology and advanced manufacturing requires partnerships and collaboration with all stakeholders to insure the economic growth and vitality of the region.”

He said the study complements GlobalFoundries Power Demonstration Model initiative designed to bring together utilities, energy and regulatory agencies, local government and major regional energy users explore the most innovative technologies and create a comprehensive “grid of the future” in the northern Tech Valley region to increase the efficiency and reliability of its energy systems.

To participate in the assessment, contact SEDC at dbrobston@saratogaedc.com.

 

Previous Article Business Report: Cybersecurity Is A Cost Of Doing Business
Next Article State Has Funds To Help Farmers Enter The New York State Grown & Certified Program
Subscribe to Our Newsletter
View the Latest Virtual Edition

Categories

  • 50-Plus
  • Banking
  • Banking / Asset Managment
  • Building Trades
  • Business Briefs
  • Business News
  • Business Registrations
  • Business Reports
  • Commercial / Residential Real Estate
  • Community Services
  • Construction
  • Construction Planning
  • Corporate Tax / Business Planning
  • Cyber / Tech
  • Dining Guide
  • Economic Development
  • Economic Outlook 2016
  • Economic Outlook 2017
  • Economic Outlook 2018
  • Economic Outlook 2019
  • Economic Outlook 2020
  • Education/ Training/ Personal Development
  • Entrepreneurial Women
  • Entrepreneurship
  • Environment / Development
  • Financial Planning / Investments
  • Fitness / Nutrition
  • Health / Community Services
  • Health & Fitness
  • Health & Wellness
  • Healthcare
  • Holiday Guide
  • Holiday Shopping
  • Home / Energy
  • Home / Insurance
  • Home & Real Esate
  • Insurance / Employee Benefits
  • Insurance / Medical Services
  • Legal / Accounting
  • Meet The Chef
  • New Businesses
  • Non-Profit
  • Office / Computer / New Media
  • Office / HR / Employment
  • Office/ Technology/ E-Commerce
  • Outlook 2021
  • Personnel Briefs
  • Retirement Planning
  • Senior Living / Retirement
  • Summer Construction
  • Uncategorized
  • Wellness
  • Women In Business
  • Workplace / Security / Legal
  • Year-End Tax Planning

Archives

  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
Connect With Us

Follow, like and subscribe to Saratoga.com on social media

Account Sign In Submit An Event
Saratoga.com logo
  • Home
  • Places To Stay
  • Things To Do
  • Food & Drink
  • Events
  • Real Estate
  • Businesses
  • Guides
  • Contact Us
  • Blogs
  • Sweepstakes
  • Advertising
Visit Saratoga.com For Everything Saratoga
Full-Service Internet Marketing: Search Engine Optimization, Website Design and Development by Mannix Marketing, Inc.
Mannix Marketing, Inc. is headquartered near Saratoga Springs in Glens Falls, New York
Saratoga.com All Rights Reserved © 2021
Disclaimer & Privacy Policy / Terms of Use / Copyright Policies

We strive to insure accuracy on Saratoga.com however accuracy cannot be guaranteed. Information is subject to change.
Please alert us if there is any inaccurate information here.

Having trouble using this site? Accessibility is our goal, please contact or email us with site improvements.