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HomeMy WebLinkAboutEnergy Price Indices 1996 US Dept of Comm Oct 1995NISTIR 85-3273-10 (Rev.10/95) Energy Price Indices and Discount Factors for Life-Cycle Cost Analysis 1996 Annual Supplement to Stephen R.Petersen NIST Handbook 135 and NBS Special Publication 709 U.S.DEPARTMENT OF COMMERCE Technology Administration National Intstitute of Standards and Technology Prepared for United States Department of Energy Federal Energy Management Program October 1995 NISTIR 85-3273-10 ENERGY PRICE INDICES AND DISCOUNT FACTORS FOR LIFE-CYCLE COST ANALYSIS 1996 Annual Supplement to NIST Handbook 135 and NBS Special Publication 709 Data for the Federal Methodology for Life-Cycle Cost Analysis,Title 10,CFR,Part 436,Subpart A; and for the Energy Conservation Mandatory Performance Standards for New Federal Residential Buildings,Title 10,CFR,Part 435 Stephen R.Petersen Office of Applied Economics Building and Fire Research Laboratory Gaithersburg,Maryland 20899 NUST United States Department of Commerce Technology Administration National Institute of Standards and Technology Sponsored by: The Federal Energy Management Program U.S.Department of Energy Washington,DC 20585 90°T SO'T pO'T e0'T"9aS ay AE a7ey UOLIE|UT eZ 88'S Ibp 0C'€ ce0l 8L'2 8S LEY 806 89 ETS Be GSe°9 8£¥ BSE 89'2 S202 c€L 95'S I2'b 81 99°6 PEL OS'S 02h eSB ly9 06'b 04'¢ 86'S PS the 09% Pele SOT vO'T €0°T 20'T 60°T 80°T"4O'T90°T elt ITT OUT 60°T 90°l SOT POT £0'T 9661 49 9S fp ¥e 29 4S Yb4 x9 8S oy xe 49 4S fy XE seaA ayey uoLze [LUI ayey UOLqe| JU] aqey UOL32JUI yey UOLIELJUT sey [eunqeN L!o Lenpisey won ee nee neon eee e eee erence een e nec eee --WIIUaNHOd (QOL = 9661 JeeXJo SuuMIZeg) saorpuy so1Ig [any 1eaX-Jo-puy parolorg 'a8ndaap Sais panun 'ad A}Jany pue 103008 asn-pus Aq 'yuUad10d 9pu '¢'p'¢ Jo $9j81 UONE[JUL sdLId [B1oues pouNsse YIM SadIpul sd1Id Jan} payoafo1g *penuyjuod 'c-g aqeL 55 %U.S.GOVERNMENT PRINTING OFFICE 1995-398 -970 /40123 ABSTRACT This is the 1996 annual edition of energy price indices and discount factors for performing life-cycle cost analyses of energy and water conservation and renewable energy projects.It supports the federal life-cycle costing methodology by updating the energy price projections and discount factors that are described, explained,and illustrated in NIST Handbook 135 (HB 135).It supports private-sector life-cycle cost analysis by updating the energy price indices that are described,explained,and illustrated in NBS Special Publication 709 (SP 709).It also supports the Energy Conservation Mandatory Performance Standards for New Federal Residential Buildings (10 CFR 435)by providing a table of factors for updating appliance via=}rs>oO2& 9eL 05'S OT ITE G92 SL'S ce¥Ee 808 809 9SbIbe 62:9 tlb SSE 99'¢ G02 16:9 S2S 86° 00° 614 9V'S tlbELE 652 94'S Leb OEE 26S OS Ive 892 pe0d 8b'9 16b08E062 9/9 61S /6€ f0'E clL 9b'S 81h OL 89°S 82'b lee 092 €202 80°9 [Lb pIEe08'¢ 90°9 26pv08EC62 69°9 81S 00rvB80 92°S l0'b ble eve C002 12'S 9b BYE Le 86°59 £9bPOE EB? 82:9 T6v C8 B62 9b £86 cE SE? 1202 90'S €¢bvCEE c9¢ co'S tyb 6beble 68'S G9bv99 LB°2 49p69 062 82?¢ 0202 €0°S 10b81€eS'¢ 825 Té@v vee G92 eo'S ObbpOSE LLe Ov'p I9'€ 622 Ie'? 6102 cLiy 08'€ SOE tre 96% 668 O02E99°2 81'S OTbpee L9°¢ Sly pee 892 bleé 8102 tviy 09€c62 9¢ 99'p 8L€ 90E Bre S8'p p6E€ 61'€ BS'¢ T6¢€ LTE Loe 80'¢ L102 9l'b Ive 622 82¢ 8t'p 65 C62 68°? vS'v 22€SOE 6b? s9€ 20€ "be 202 9102 Tee e2'€ £92 02e'e Il'v Ove 822 92'v eS€l6¢e Ob? dye @8'2@ Le'¢ SOT S102 49'¢ 90'€ SS? 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Regulations (10 CFR Part 436,Subpart A),and amplified in the Life-Cycle Costing Manual for the of Standards and Technology,Handbook 135 (1995). Federal Energy Management Program (NIST Handbook 135).These indices and factors are provided as an aid to implementing life-cycle cost evaluations of potential energy and water conservation and renewable energy investments in existing and new federally owned and leased buildings. of potential energy and water conservation and renewable energy investments in federally owned and leased buildings. As called for by legislation,the National Institute of Standards and Technology has provided technical assistance to the U.S.Department of Energy in the development and implementation of life- cycle costing methods and procedures.This is the second of a three-volume set which together provide the methods,data,and computational tools for life-cycle cost analysis of federal energy The life-cycle costing methods and procedures as set forth in 10 CFR,Part 436,Subpart A,are to projects. be followed by all federal agencies,unless specifically exempted,in evaluating the cost effectiveness Department of Energy (DOE)in Subpart A of Part 436 of Title 10 of the Code of Federal The manual is a guide to understanding life-cycle costing and related methods of economic analysis as they are applied to federal decisions,especially those subject to DOE 10 CFR 436 rules related to the economic analysis of energy and water conservation projects and renewable resource projects. It describes the required procedures and assumptions,defines and explains how to apply and interpret economic performance measures,gives examples of federal decision problems and their solutions, explains how to use the energy price indices and discount factors which are updated annually in the supplement,and provides worksheets and other computational aids and instructions for calculating This report,which is updated annually,provides the current DOE discount rate,projected energy price indices,and corresponding discount factors needed to estimate the present value of future energy and non-energy project-related costs.The energy price indices were provided by the Energy Information Administration of the U.S.Department of Energy.Request the latest edition when the required measures.The 1995 edition of Handbook 135 is a complete revision of the 1987 edition, ordering.(This is the report that you are holding in your hands.) Included in the three-volume set for federal life-cycle cost analysis are the following: with updated information on the FEMP LCC requirements of 10 CFR 436. (1) (2) 53iv TableS-4.Projectedfuelpriceindiceswithassumedgeneralpriceinflationratesof3,4,5,and6percent,byend-usesectorandfueltype.CensusRegion4(Alaska,Arizona,California,Colorado,Hawaii,Idaho,Montana,Nevada,NewMexico,Oregon,Utah,Washington,Wyoming)ProjectedEnd-of-YearFuelPriceIndices(BeginningofYear1996=1.00)weeeeeeeeeRESIDENTIAL===22222oceececeeeececeeeeeeeeeeeeeeeeeeeeeNaturalGasLPGDistillateOi]ElectricityWOOO TFMMDOHMONORNTOADDAAODAAHWMNONOAMGWOAANTOMAANTORDONMMNANNDrsAONWOOWetttstetStNINNINN0909090909SFOSTELDLLNWOLO feb) +TOMOMMOTDHNWOANDNODUWONAMWOMNMOHNONRWMERPPTNNOWWOMAONOFSTUDWOCODAN€F 10 00 S09 CO OOO<tt ttt IN NN NN NNN OI OO SST TL LOL oO _MOOTMOHFAOONTMOMNNODDDMIONTRONANAIAUTRSSAANBTMORDONOVANITOMOAMINGOMOONxNtttettttINNONININONIONOOD090)0)OO)SOT =_NEM WON TA MONRWOMNAMNMNNAMINAMANOMPRWMWWWUNMBRPSPAANFFMWWMWODANBWOWAINYTSOOMORDOetStetetedtIIOININNOONONOD9 OPM OPM OW DO NDMADIWOWM OMOOKMDAMNHANWMDBSSTAN02SEDOOOANSTO00NSSSTSOSTLONODCOttSAHINNINION090909OOSSTLNUWOWOLOme wv =M™WMMGIOPMOEOMMNODNDWMNDONNHOPMMOATOADPTANAEABPJTAIN9STTWOCOMNOAOSFOMAAMANSTOOOODLODLCO<SAIS SIN NN NNN OOOO SS SES TPOMOMOW oOod WMOOMHOMMNMNONNMWME™DOADMMOMOMAONERMMOtNBFPTTINNOOTDOMDWAOATOOMOOTONOONSTxeThhhttrtININNNINNINO9909099)OD OM ONbo -WHO NE VOMMANODTANNWYMADMUOMNABODOOn4BREENN0909STEDEDLOPSCOCODOANN09STLOOPCODOINODttttttINNNININNNONIOOO)OD TANNIN ANDO DOMMOAADOHATADNMOAINMYMERNDOAWOMT?BS TEN 62 TLD OPS DO AOD IDO TAA OI O MO NNW OS SON NtttININNINON909009StOSESSSTLLNLOWO10BE Wwa=CONADWDOWTIONN DOMNDMIAHANANRDADAAMNDMYONRN.DWDOEZREAAINMTMOMDAAANMNODOMMEONTONION<tt ett SIN ONON 0 09 0 09 09 S t LO LN UUNOO oO -DMT AAOMNOTFMWMDAHOCAVITOWOWNUODNDUONMOMWONMNM$B FPN BO TNO DA AHAAN TON OD HAIN TOM RONSTOratttttSIONONIONON090909090909SOSTtOt omg_-BWWMOAO IMTOO,MOM NODADMOMTMONNNMOMATMNOWCOBRSTANNA6909STDEDLOPSPONGOANCDSTLOOODOMANStehhdttettSSINNININIANIOOINON0909O9O)OD WON OME DWANMOWM GIN MAHER NOM OOD GAMFBPTIENIN69STDP0OFAENSLOOCDLOSOAIUDCONLOODEttttSIAINNONNNOO99)OO ST TION OLO owwv SOP OO AO DW COR HAMM ONNHAMNNHOADDDOMAOATHOERRSTAN6909TUDOPSDOANCIODANSTOCOMODLOCO4ST<TH ASSN NNN NNN OOO St St St TILL Oo_-MOO M MAST MOM TPAOGHOMMMMNDORNRANNAM@OTONRW$5 ESP TTIN 03 09 STUD LOPS CO DO AAI COST LINO DO DON OIL OOxOtStSIIINNNNNNNNNMOMOOTS LondLael NOSTAMNNHOAOMMNONDTATADMNONDCMDNONTMNOINANSDBROOMMANN09StSTDDOESOAAOMANNEDSTOOONOIIRtIRINNNNNNNONOD LOM DHDANYMNTNMONDHOANMTAMORNMOAHOHAANTWMDHANHDOCOSOCVODCOCONANsasANNANNANYVWAMNAHAODOTOTODDDOSCSCSDGDDODOODODOOSTDOSCSOSOPotetIOIOILOIOUIONINAIOUOLINOIOUQOONIONONIONONON 52 (3)NIST "Building Life Cycle Cost”(BLCC)Computer Program,National Institute of Standards and Technology,NISTIR 4481 (User's Guide dated January 1995).Use version 4.3-96 for FY 96. The NIST Building Life-Cycle Cost program provides comprehensive economic analysis capabilities for the evaluation of proposed capital investments that are expected to reduce the long-term operating costs of buildings and building systems.The BLCC program is designed to run on IBM PC and compatible microcomputers in a MS-DOS environment.The BLCC program computes the LCC for project alternative,compares project alternatives in order to determine which has the lowest LCC, performs cash flow analyses,and computes net savings,the savings-to-investment ratio (SIR),and adjusted internal rate of return (AIRR)for project alternatives over their designated study period. BLCC can be used to perform economic analysis of capital investment projects undertaken by federal,state,and local government agencies,as well as by the private sector.BLCC (version 4.3- 96)uses the 1996 energy price data in NISTIR 85-3273-10.In its application to federal energy conservation and renewable energy projects,BLCC is consistent with NIST Handbook 135 (see #1 above).In its application to non-energy projects,BLCC is consistent with OMB Circular A-94.In its application to private-sector and non-federal public-sector projects,BLCC is consistent with ASTM standards for building economics. Included on the BLCC disk is BLCC Quick Input,a simplified version of BLCC which can be used to set up an analysis of multiple project alternatives.Also included is the DISCOUNT program (version 3.5-96),which can calculate present value,future value,and annual value factors for any discount rate and study period.DISCOUNT can access the DOE energy price projections included on the BLCC disk to compute the UPV*factors needed for federal LCC analyses of energy projects, consistent with the factors included in this report. The U.S.Department of Energy was directed by legislation and executive order to make available to the private sector the methods,procedures,and related aids developed for federal use.In response to this directive,the National Institute of Standards and Technology,under sponsorship of the U.S. Department of Energy,published a life-cycle costing book for use by the private sector entitled Comprehensive Guide for Least-Cost Energy Decisions,NBS SP 709 (January 1987).The private sector guide is supported by the data provided here,as well as by the BLCC computer program.The BLCC program supersedes the NBSLCC program which is documented in SP 709.BLCC provides LCC.computational support for private sector projects as well as for federal projects. To order any of the printed publications contact: Advanced Sciences,Inc. 1525 Wilson Blvd,Suite 1200 Arlington,VA 22209-9998 (703)243-4900,fax (703)524-6237 Please request the publications by name and number. Federal agencies and contractors can order BLCC from Advanced Sciences,Inc.Other users may order BLCC from one of the following vendors: