Consumer confidence in US energy is falling, says new research

1 in 3 surveyed Americans felt that electricity, heat and fuel will stay affordable.

The latest EY Energy Consumer Confidence Index (ECCI) has been released, and this latest edition indicates that consumers feel less confident in the ongoing affordability of US energy.

The ECCI showed an 8-point drop in consumer confidence

Consumer confidence in the US energy system fell 8 points this year, from 64.8 on the ECCI in 2022 to 56.9 based on the latest data.

According to the most recent data, 68 percent of Americans feel that they are doing all they can to be sustainable. Another 65 percent feel it’s up to providers to lead the way in moving to cleaner electricity and fuels.  Forty-two percent think that it’s the responsibility of local government to lead this shift, while 38 percent think it’s oil and gas companies that should be making this leadership move.

The US energy confidence data is based on a survey of 3,000 US consumers

The ECCI from Ernst & Young LLP (EY) is based on data collected by surveying 3,000 consumers in the United States. It examined the opinions of the respondents with respect to the US energy market, transitioning away from fossil fuel use and toward renewable power, and how they feel regarding the current progress being made in that regard.

Consumers are losing confidence

What the EY research showed was that consumers need accessible, affordable and appealing options to encourage them to take action and remain confident in their future electricity and fuel options.

“US consumers are concerned about the costs and accessibility of clean energy options, underscoring the need for energy providers, regulators and policymakers to work together to progress carbon ambitions,” said EY Americas Power & Utilities Leader Trey Thornton. “Broad consumer action is the biggest driver for demand of lower-carbon and renewable energies, yet our research concludes not enough is being done to spur greater consumer adoption of these products.”

Affordability is a top US energy confidence factor

Among the respondents, 75 percent felt that US energy affordability was the most important factor. Another 82 percent said that this was a budgeted expense. Moreover, most (65 percent) said that they would be unable to afford those costs if they were to increase by 10 percent.

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Who discovered the hydrogen element in 1766?

Henry Cavendish Robert Boyle Christian Friedrich Schonbein

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What country uses the most hydrogen energy?

united states hydrogen use United States China hydrogen use China Germany hydrogen use Germany

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What's the Guinnes World Record for a hydrogen fuel car's mileage range on a single tank of hydrogen?

629 miles 489 miles 845 miles

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How many miles of hydrogen pipelines are currently operating in the United States?

300 miles 1600 miles 2800 miles Zero Hydrogen Pipelines

Page 5 of 7

Is a fuel cell car considered to be an electric vehicle?

Yes No

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What are the many ways to store hydrogen?

Liquified Salt Caverns Compressed Material based like ammonia All of the above

Page 7 of 7

Which of the following statements best describes why hydrogen is considered non-toxic and dissipates quickly?

Hydrogen is heavier than air, causing it to spread slowly and remain concentrated. Hydrogen is lighter than air, allowing it to rise and disperse rapidly in the atmosphere. Hydrogen is chemically inert, preventing it from reacting with other substances in the air. Hydrogen is soluble in water, making it easy to dissolve and remove from the environment.