An understanding of the status of NY Energy Markets (both energy and capacity) is essential to planning and managing energy costs. Both short term and longer-term forward prices impact customers as you plan your budgets and forecast your costs. Why focus on power and capacity? While, electricity supply costs are comprised of a range of […]
Energy in 2019: what commercial industrial customers need to know At the end of 2018, we published an article highlighting the major energy trends for the past year. We are already tracking interesting developments for 2019 that may impact commercial industrial customers (so-called C&I customers). Below, we review our observations about the year ahead and […]
As we look back on the major energy trends: 2018 , we see 3 significant issues to watch. What are these energy cost management trends for 2018, and what do they mean to you? 1. Energy Trend 2018 – Return of market volatility Market volatility returned to forward and day ahead markets at the start […]
Volatility has returned to energy markets for the first time in 3 or 4 years. We are only 12 days into the New Year, but it has already been a bumpy ride for energy markets. The cold weather that has periodically hit the country since the end of December sent power and gas markets into […]
The State of Corporate Sustainability: The Green Solution Post written by Michael Fanelli Common headlines such as “Tesla’s Master Sustainability Plan Goes Well Beyond Cars,” “Why PepsiCo is a Global Leader in Water Stewardship and Sustainable Agriculture,” and “The World’s Most Sustainable Companies 2016” paint the picture that top companies spearhead the corporate sustainability movement. […]
Any news of cooler temperatures these days sends the 12 month strip price for gas and power up. Major reports show cooler weather in the Northeast likely starting around December 7th. As a result, we have seen another spike in the 12 month strip price for both gas and power. Even though the weekly storage […]
Take a look at an overview of Cornell University’s 6 week energy challenge– Energy Smackdown. The students involved in Sustainability on campus are challenging their colleagues to reduce and/or eliminate energy use through a series of recommended measures. Cornell’s aim is to be carbon neutral by 2035. The Sustainability group on campus acknowledges that in […]
It is newsworthy that gas and power markets were up over 7% last week. This increase in forward curves follows months of low cost power and gas markets. As of Friday afternoon, there was some relief thanks to a modest price decline for the Winter 2018 months. To put this in context, we have been […]
Greentech Media reports on the 4 Trends Reshaping the Power Sector in their newsletter published yesterday. Greentech Media makes the case that: The power sector is constantly evolving, but rarely — if ever — has it experienced the rapid pace of change it faces today. The interaction between technological, economic and political forces is catalyzing […]
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 […]