Note to our friends and colleagues re: Covid-19

Apr 30

Dear Colleague, 

How different the world is now, compared to how things were when we sent our last note on March 4th about the good news in energy markets. We hope you’re all healthy, calm and safe. We are a New York business, based primarily in New York City and Long Island. For the time being, we are all safe and healthy. This is not the case for many of our clients and friends.

Truly, our hearts ache for you all in New York State, in the country and around the world. There is a lot of suffering out there. All we can do at this point is try to help, which we like to think is what we do best. 

There have been dramatic changes in energy loads during the shutdown

Energy – Covid-19: what you need to know

This time in our history feels incredibly uncertain. Some of you report thinking that managing energy has always made you feel out of control– it may feel doubly so right now. There are 3 practical steps that you can take to gain control of your facility and operations right now:

  1. understand the impact of the lock down on your energy usage;
  2. assess your purchasing strategy; and
  3. take advantage of the low gas and power markets.

In addition, there are two other items you should know. To read our complete review of what you need to know now, read our latest article.

For energy customers or consultants

Feel free to schedule a call with us. We would be happy to talk about strategies for finding savings on energy costs. We would be happy to help you find a way to help your customers, your employees and yourselves. You can schedule a meeting or call easily using this link

Energy markets are up slightly after reaching new lows. This is good news! Markets are reacting to better economic news and moderately better health news. 

NYC forward curves as of April 22, 2020

NYC (Zone J) forward curves as of April 22, 2020

Index prices for NY State for 2019
(Source: NYISO)

Index energy markets are at historic lows

Practical energy management from R&D to operations: Energy Decision Maker Frank Porretto from Northwell Health

Energy decision maker Frank Porretto’s experience in the energy industry spans the supply chain from R&D to cost management. Today, he is in the hot seat, helping ensure that his health care system can maintain normal operations in the midst of a global health care crisis. Frank is responsible for procurement, monitoring and management of all energy across the 23 hospitals at Northwell Health.

Please note that this interview was conducted prior to the onset of the coronavirus crisis in the United States. We do not address Frank’s role in managing aspects of this work under the duress that he and our healthcare professionals in particular, face. 

Wishing you a happy 50th Earth Day.

Courage,

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