Woodchips are a renewable, locally produced energy source that is generally the least expensive fuel available. “The principal economic advantage of wood-chip systems is that their fuel is considerably less expensive than competing fuels. In the Northeast, electricity generally costs about seven to nine times more per unit of energy than wood chips; oil and natural gas cost roughly two and one-half times as much as wood chips. The future price of wood chips can be predicted with more confidence than can the price of some conventional energy sources, such as fuel oil, because the price is based on local rather than global economics. This means that wood-chip systems offer greater security from future fuel price shocks. Also, as a locally produced, renewable fuel, wood chips can offer both environmental and local economic benefits that other fuels cannot match.