2nd Quarter Meeting
This is the first in person class since February of 2020 and to help boost the in person attendance, Constellation Energy and Neighborhood Energy are sponsoring a hot breakfast along with the Smart Nest thermostat raffle for those who plan to attend the Energy Seminar in person at Insurcomm!
Class: Energy Seminar
Moderator: Tad Dziemian
Presenters: Mark Toussaint, Eversource; Eric Johnson, ISO NE; Brandon Fong, Constellation
New Hampshire Commercial Investment Board of Realtors face geographical competition as a result of the elevated costs of electricity and natural gas! Especially during these times of unprecedented increases in both commodities.
Our energy costs have increased substantially over the last 6 months. The main reason is that oil and gas producers are keeping supplies flat despite an increase caused by the suppressed demand of the pandemic. Producers want to generate cash for their shareholders who have been on the short end for almost 10 years. That coupled with the conflict in the Ukraine, have some saying that energy rates can go ‘unlimited’. This means that oil and gas rates have a path to reach unprecedented levels. Crude’s highest WTI price was set in July 2008 at $145 while natural gas Henry Hub is $13.00 set in October of 2005.
Although all states are feeling the effects of higher energy costs, commercial realtors in New Hampshire face a more significant challenge because the state ranks 7th in the nation for highest electric costs. This issue has caused issues to membership when it comes to recruiting, growing and retaining businesses. This is especially true when it comes to large consumers of energy.
We all recognize that having New Hampshire remain an attractive place for businesses offers many advantages for us including having the jobs to keep nearby residents employed along with having commercial taxes provide substantial relief for property taxes in many communities that would otherwise be the exclusive burden of home owners. While the energy problem here in New Hampshire is easy to express…we don’t have enough sources of energy available to us. The solution is more complicated. There is no one single solution. We need to invest in many forms of energy that are economically feasible and available to us. These forms include natural gas, hydro-electric and renewable resources, in addition to some renewed attention to energy conservation. It is only through development of all the feasible sources available to us can we expect to have a substantial impact on the negative influence that energy costs have on businesses here in New Hampshire.
The CIBOR Energy update will give tools and awareness to membership that will help overcome objections when energy concerns are tabled.
Date: Friday, June 24, 2022
Time: 9:00 – 12:00 noon
Location In Person: Insurcomm, 290 Heritage Ave., #1, Portsmouth, NH
Credits: Approved for 3 NH CE Credits
Cost: $ 35.00 NHCIBOR Member / $ 45.00 Non Member – Only Zoom Available. Refunds are not available.
Class type: In Person and Zoom Online offered. In Person has a Limited Capacity. Online RSVP and Payment Required. Deadline is June 22nd, 9:00 am to RSVP and Pay Online.
Please read the PROCEDURE and RULES FOR THE ONLINE CLASS in order for you to receive Credits:
ONCE you sign up Online for in person or Zoom, you will receive an email confirmation. Online you will receive the zoom link. You won’t receive it immediately, you should receive this within a few days of your purchase.