Update NY Capacity: New Zone Starts in May 2014
Update NY Capacity: New Zone Starts in May 2014 On January 28, 2014 the Federal Energy Regulatory Commission (FERC) accepted the NYISO’s tariff to implement the new NY load zone (subject to condition) and denied the waiver to phase in the new load zone. We have several prior articles that cover this regulatory and market […]
Current State of Electricity Markets
Current State of Electricity Markets Gas prices are up higher than they’ve ever been. Historic highs. That’s what we’re talking about here. Fuel cost spikes like these cause a great deal of volatility in gas and power markets. There has been an impact on both the forward and day-ahead markets. Here’s a story that gives […]
Some Analysis of the Con Ed Tariff (Default) Rate…
Some Analysis of the Con Ed Tariff (Default) Rate… ..and How it Compares to a Market Index Price This post discusses recent analysis conducted by The Megawatt Hour that confronts the conventional wisdom that over a 12 month term Con Edison default tariffs will always cost about the same as a market index. First, some […]
Looking to buy power? Today is not the day.
Looking to buy power? Today is not the day. Take a look at the recent run-up in electricity forward curves. There are a number of reasons for this run-up: weather, speculation, gas withdrawals. Bloomberg’s article “Hedge Funds’ Natural Gas Bets Jump as Thermometer Drops: Energy“ summarizes all of the reasons for the run-up. We may […]
Capacity Market Update – New York
Capacity Market Update – New York As we have reported here, capacity prices in New York state are undergoing some market and regulatory changes. We thought it was time for an update on these changes, as they will impact budget forecasting and 2014 costs. In fact, there are two distinct issues related to capacity, particularly […]
The Power of Energy Information
The Power of Energy Information What does data, transformed into actionable information, do for you, the business or institutional energy buyer? There is a lot of talk and a lot written about what Big Data can do for business and consumers. A Stanford economist interviewed about the potential for Big Data had interesting insights about […]
Energy Market News: November 22, 2013
Energy Market News: November 22, 2013 Today’s energy news covers 3 major areas of interest: first, today we attended NYSERDA’s Combined Heat and Power (CHP) Expo–we will talk about our observations about CHP; second, what’s happening with natural gas in New York City… specifically, new supply; and finally, we like to focus on something fun […]
ReCharge NY One (+) Year Later
ReCharge NY One (+) Year Later ReCharge 1 year (+) later We have received many inquiries about how the NY Power Authority’s (NYPA) ReCharge program has performed over its first year. Energy purchasers want to know how their ReCharge program costs compare to the utility default tariff and/or a market index. And you also want […]
Market Update: Electricity (and Natural Gas)
Market Update: Electricity (and Natural Gas) Take a look at the following graphs. These three graphs show how the forward strip of power for the November 2013 to October 2014 delivery period has moved over the last 12 months. The difference between these 3 graphs is the delivery zone– you’re seeing forward strip prices for […]
How do costs vary from year to year?
How do costs vary from year to year? We’ve been getting questions about how markets have changed and what is different between 2012 and 2013. Many businesses are working on their budgets now for 2014, and it seems you want to know whether your costs will be more like 2012 or 2013? The bottom line […]