At Charlottesville Gas we value your engagement, and understand the importance of listening to your feedback. In our annual satisfaction survey, 91% of respondents indicated support for implementing carbon offsets, and 92% of respondents indicated that access to natural gas is very important. We listened, and have voluntarily engaged in a carbon offset program that builds on our commitment to provide you the services and natural gas you depend on. Our initial investment in carbon offsets will compensate for 25% of emissions produced by natural gas in Charlottesville, and complements our energy efficiency rebates and home weatherization initiative. The energy efficiency measures we provide reduce our carbon footprint, and carbon sequestration and prevention projects act to counterbalance our emissions. This two-pronged strategy to reduce our environmental impact continues our commitment to you, and supports the community's broader environmental protection.
With experience in carbon markets since 2001, bp's carbon offset program invests in projects that provide emissions reductions that are real, additional, verifiable, and permanent. To learn more about bp's offset portfolio, and offset issuance verification process and standards, please visit their site on carbon offsetting.
As part of a robust safety program we continuously monitor our natural gas system for leaks. Proactive measures toward leak prevention and the prompt repair of leaks when they occur, not only safeguards our community, but also helps prevent or reduce the release of greenhouse gas (GHG) emissions. For information on how the monitoring, maintenance, and construction of our gas system aids in the mitigation of GHG emissions, please see our Pipeline Safety & Regulatory FAQs (PDF).
In July 2021, 57% of Virginia's net electricity generation was fueled by natural gas. Comparatively, nuclear power provided 27%, and only 9% of Virginia's electricity generation came from renewable sources.
In 2019 the U.S. Energy Administration estimated that more than 60% of usable energy is lost during the process of converting natural gas into electricity to power end-use products. This considerable loss means only 36% of usable energy is maintained. By comparison, the direct use of natural gas maintains 91% of usable energy from production to customer. Eliminating the need for energy conversion makes the direct use of natural gas a highly efficient source-to-site method for energy delivery.
In addition to providing an efficient mode of energy delivery, the direct use of natural gas also maintains access to affordable energy. The Consumer Energy Alliance (CEA), the nation's leading energy and environmental advocate for families and businesses, recently released a report titled The Hidden Costs of a Virginia Natural Gas Ban (PDF). This report discusses the financial impact a natural gas ban would have on Virginia households, and the implications of limiting consumer choice.