Key performance metrics: Energy cost management
Key performance metrics: Energy cost management 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 […]
Power and Gas Market update: June 2, 2017
Power and Gas Market update: June 2, 2017 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 […]
Changes afoot in NY: Indian Point closing–what does it mean to NY energy buyers?
Changes afoot in NY: Indian Point closing–what does it mean to NY energy buyers? 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 […]
NY’s Clean Energy Standard: Energy cost management & clean energy regulation
NY’s Clean Energy Standard: Energy cost management & clean energy regulation 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 […]
Why we’re so focused on energy industry transparency
Why we’re so focused on energy industry transparency 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 […]
What does it mean to manage risk in today’s energy environment?
What does it mean to manage risk in today’s energy environment? 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 […]
Winter? What winter?
Winter? What winter? 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 […]
Lessons from the field: What happens when you don’t manage energy costs?
Lessons from the field: What happens when you don’t manage energy costs? 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 […]
Energy cost management: The unexpected benefit of budgets
Energy cost management: The unexpected benefit of budgets 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 […]
News: Battery Storage Progress for Energy Cost Management, Resilience
News: Battery Storage Progress for Energy Cost Management, Resilience Utility-scale battery storage is taking a big step forward this week according to a Bloomberg article titled “Tesla’s Battery Revolution Just Reached Critical Mass: Three new plants in California show how lithium-ion storage is ready to power the grid.” The promise of battery storage extends beyond utility-scale […]