Electricity Markets All electric ISO’s took a slide over the report week and prices are attractive. It’s unlikely that the markets will get back to the historically lower levels seen over the past few years as the fundamentals like plant closures have changed the game.Continue Reading
Electricity Markets All ISO’s saw electric prices come down over the report week. ERCOT saw the greatest decrease, however their market remains uncertain as we move into the summer months.Continue Reading
Electricity Markets Only a slight tick up on the electric markets over the report week. Prices have been noticeably stable over the past few weeks.Continue Reading
Electricity Markets Although prices aren’t as low as they have been historically in ISO-NE, there are new dynamics in the New England region that now play a part in the electric price mix. Lack of natural gas pipeline capacity combined with multiple plant retirements make it unlikely that we will get back down to levels...Continue Reading
*Important information for New York State Businesses* NYS is attempting to repeal a longstanding tax exemption for businesses that utilize third party suppliers, or ESCOs, for electric and natural gas service. This repeal is estimated to cost NYS businesses an additional $128 million per year in sales taxes. Please follow the link to support the...Continue Reading
Electricity Markets With the exception of a slight tick up in ISO-NE, the remaining markets all trailed downward over the report week. Will we continue to see a downward trend in electric prices coming out of the winter period? Only time will tell.Continue Reading
Electricity Markets Electric prices saw a bump up over the report week. There may be some increased pressure over the coming week based on the heightened natural gas activity. ERCOT is likely starting to get nervous about summer demand again as they continue to show volatility.Continue Reading
Electricity Markets The electric markets saw little activity over the report week. Capacity prices continue to work in favor for those looking to hedge electric contracts in NYISO and ISO-NE. Last year the market ran fairly flat from February forward. We will continue to keep an eye on if same pattern seems to transpire.Continue Reading
Electricity Markets The general direction of the forward electric markets is trending down. Attractive index/variable pricing in western NY especially, due to favorable capacity prices driving the overall cost down. ISO-NE performed well during the most recent cold spell relative to previous years. June 1st new capacity prices will go into effect, providing some relief...Continue Reading
Electricity Markets Electric prices throughout ISO-NE, NYISO and PJM all continued to drop off over the report week while Texas remained fairly flat. Earlier in winter, the markets had briefly touched these levels but then regained ground.Continue Reading
Electricity Markets Electric markets continue to feel the volatility of winter temperatures and natural gas demand as prices jump up and down week over week.Continue Reading
Electricity Markets The electric markets reacted to the shift up in weather pattern. Forward prices rebounded from last week driven by near term increases for February and March.Continue Reading
New charges coming to the NE electric market Clean Peak Program (CPP) – (MA only) As mentioned over the summer, the Massachusetts Legislature passed bill H.4857 aimed to promote a clean energy future. The new law changes concern renewable requirements and all MA customers and suppliers will be affected by these increases. Each supplier may...Continue Reading
Electricity Markets Pricing continued to decline for the second week running in response to warmer-than-normal weather for this time of year. New York, New England, and PJM are now in line with late-October to early-November pricing making this an opportune time to review fixed rate options for the upcoming year.Continue Reading
Electricity Markets All electric markets saw mid-week drops in forward pricing over the last seven days due to higher-than-normal temperatures and corresponding dips in the NYMEX. Temperatures trended closer to the historic average at the end of the week and placed upward pressure on the electric market. NYISO, PJM, and ERCOT pricing is below the...Continue Reading
Electricity Markets Electric prices fell off a bit toward the end of the report week, following suit to the natural gas markets. Prices in all ISO’s still remain elevated in comparison to the sudden shift up in November.Continue Reading
Electricity Markets ISO-NE moved in the opposite direction this week, back up. While there was a retreat in the NYMEX, the Algonquin basis bounced up again impacting the New England electric prices. PJM & NYISO both rebounded up a bit as well. In ERCOT there is still no stability as they try to find their...Continue Reading
