Weather and natural gas storage inventories are two variables that are often discussed when analyzing current natural gas prices and where they are anticipated to go. Earlier this year, working natural gas inventories ended the winter heating season at 2,478 Bcf. This exceeded the previous record high of 2,473 Bcf set in March 2012, which...Continue Reading
For Immediate Release: ROCHESTER, NY – RRHA Joint Ventures Corporation has entered into a new agreement with Power Management Company. After extensive consideration, RRHA/JVC chose Power Management to represent the future energy needs of its members. Power Management will offer member institutions access to exclusive member advantages through this new program. RRHA/JVC and Power Management’s shared visions for...Continue Reading
Later this year, America will have a new President. Who that will be is still to be determined and that lack of clarity isn’t good for the markets. Presidents who are in the final year of a second term are also often less predictable than they are in previous years. Markets don’t react as much...Continue Reading
For Immediate Release: ROCHESTER, NY- June 7, 2016– On Sunday, Rochester native Dominic Bozzelli secured his first Web.com Tour victory at the Corales Puntacana Resort and Club Championship. Bozzelli came in 24-under-par at the event which was held May 30 – June 5. This was a four-stroke victory over Roberto Diaz, Sam Ryder and Blake...Continue Reading
There is no question that New England’s energy infrastructure is clearly constrained, lacking resources that are both reliable and cost competitive. The region has limited local natural resources and energy must be transported long distances. With the increasing amount of variable generation such as wind and solar coming online, as well as the retirement of...Continue Reading
Over the past few months, the natural gas market has seen high production levels and storage at a record level. Couple this with the non-existent winter thus far and we are currently in a period of natural gas and electric prices as low as we’ve seen over the past 10-15 years. With a strong El...Continue Reading
Power Management was honored to be recognized last Wednesday as one of the Rochester Top 100 companies. The Rochester Business Alliance and KPMG, LLP hosted the 29th Annual event at the Joseph A. Floreano Rochester Riverside Convention Center. Ranking 44th on the list, Power Management was proud to be among other fellow recipients on the Rochester Top...Continue Reading
Earlier this week, the American Council for an Energy-Efficient Economy (ACEEE) released its ninth edition of the State Energy Efficiency Scorecard. This comprehensive analysis is an annual benchmark which outlines the efforts to support energy efficiency of all 50 U.S. states and the District of Columbia. The report ranks states on their policy and program...Continue Reading
Rochester Gas and Electric (RG&E) recently implemented a new charge for utility customers in their service area. Effective September 1, 2015, this charge called the Reliability Support Services Surcharge (RSSS) will impact the delivery portion of a customer’s electric bill. NYSEG which serves many customers throughout New York State also issued a similar charge back in the...Continue Reading
There is a regulatory change currently underway for those in the PJM region that will affect the capacity market beginning in June 2016. This market reform is called Capacity Performance, and intended to strengthen reliability of the region’s power supply. Capacity markets are designed to ensure enough supply is available to meet demand during peak...Continue Reading
Over the next few days there is a good chance that we may set the peak energy demand for the year due to the expectation of high temperatures. If possible, we are recommending that customers with interval meters reduce their electricity use, especially during the hours of 3 p.m. to 6 p.m. on Wednesday and...Continue Reading
Solar, wind, and geothermal are all sources of renewable energy that are frequently talked about. But here’s something you might not hear about all the time- wave power. In addition to surfers and tourists being drawn to the waves in Hawaii, waves are now being tested as a source of electricity through a new Hawaii...Continue Reading
In past blog posts, we’ve touched on the definitions for and impacts of both capacity and RECs on the price of electric. Both components which help to make up the overall price of energy, have increased to a point where they now account for a substantial portion of the total cost. Over the past few months in the New...Continue Reading
A study conducted by Deloitte in 2012 found, “American businesses have become increasingly focused on energy consumption and its impact on their bottom-lines…more businesses recognize energy management efforts are essential to staying competitive from both a financial and a corporate image perspective.” With a number of competitive energy options today, energy management involves more than just getting the...Continue Reading
On Tuesday April 14th, Power Management was invited to attend an awards ceremony hosted by National Grid recognizing organizations that have provided outstanding energy savings and service to their customers in 2014. Power Management received the Champion Award, which honors the Top Energy Solutions Partner in the region. Our team of energy experts saved our...Continue Reading
One element that helps to determine electric pricing is a facility’s load profile. Utilities are required to have enough energy and equipment available to meet peak demand levels and thus, electricity rates are partially determined by peak demand. For this reason, a graphical representation of a facility’s energy usage over a period of time is...Continue Reading
As an extension of the BuildSmart NY initiative, the cities of Albany, Buffalo, Rochester, Syracuse and Yonkers are among those competing for $20 million in funding for new energy projects. Over the past year, each of these cities in conjunction with the state, have developed individual energy plans to address ways in which they will enhance the overall quality...Continue Reading
As we mentioned in this week’s Energy News Flash the price of electricity on the Day Ahead Market has risen greatly as we continue to experience the coldest temperatures of the season thus far. Last week we saw Day Ahead electricity prices in the Northeast rise above $200 MWH. We did not see January prices rise as...Continue Reading
Lights ON For the Super Bowl WEDNESDAY, FEBRUARY 04, 2015 | JOANNE SINOPOLI Whether viewing from home, or being fortunate enough to attend the game in person, you may have noticed a difference while viewing this year’s Super Bowl than in years past. And no – we’re not talking about that crazy ending! As the most-watched show...Continue Reading
Twenty-eight counties in New York State lie above the Marcellus Shale. Unlike our neighbors to the south, New York has yet to directly benefit from hydraulic fracturing of natural gas. The state of NY has a moratorium on fracking which suspends natural gas drilling in the state until safety and environmental impacts are more thoroughly...Continue Reading
