What are the key performance metrics that you should track in order to best track and manage your energy costs? What key levers can you pull that will make the biggest difference in managing energy costs? Here are the key metrics that we measure and that we recommend that our customers track. Cost per significant […]
Take a look at the graph (above) of forward power prices for the same period (June ’17 through June ’18) in New York City. The blue line shows how on peak prices have moved over the last year while the orange line shows how off peak prices have moved. Markets are back in the historic […]
The announcement that Indian Point is closing is not new. The Governor made an announcement in January that the aging nuclear plant would close in 2021. Three years from now 2,000 MW of carbon-free base load electricity supply will shutter, while – over a similar period — the State tries to meet its commitment to […]
We have received a number of questions from customers about NY State’s Clean Energy Standard (CES). In this article we explain the program, we compare what you can expect to pay to what you’ve been paying for the program that the CES replaces, and what to look for on your invoice. What is the Clean Energy […]
Energy information is hard to access. Once you get to it, the data can be confusing. And in some instances, the market participants like it that way. We have spent thousands of person hours and lots of resources making sure that our information is straight forward and makes sense to energy and finance professionals. Transparency […]
From time-to-time we hear about energy buyers who have conducted a reverse auction to procure their power or natural gas. They often feel really good when they’ve just completed the auction. It is gratifying to watch suppliers compete for your business in a declining clock auction. Buyers usually feel as if they’ve gotten a great deal. […]
Managing energy risk in a low cost environment can be tricky. In addition to enjoying a period of relatively low energy costs, we have had several years of mild winters and summers, which can result in lower-than-forecast cost and usage. What does it mean to manage risk in a low cost, mild weather environment? Energy […]
Energy cost management implications of higher temperatures For the second consecutive Winter, most of the US has experienced warmer-than-normal temperatures. According to a Financial Times article titled “Warm US winter leaves natural gas market with excess supplies” …this heating season has been running 3 per cent warmer than last year, weighted for population, according to the US […]
This post is another in our lessons from the field series in which we relay experiences from large energy users. How purchasing worked before… A large, multi-million dollar energy buyer in New York managed power and gas purchasing and budget using a sophisticated purchasing strategy. While it wasn’t easy, he was able to access data in […]
What happens when you go through your budget process? Is it painful? Do you and your colleagues feel constrained by budget limitations? In fact, recent research reported by Fast Company magazine in the article “How Constraints Force your Brain to Be More Creative” suggests that there may be surprising benefits from operating within resource limitations. […]
