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Energy News
Electricity Markets As you may be aware, a significant heat wave is expected over the coming week or so. With the heat comes the likelihood of increased electricity demand for various ISO’s that you may do business in. We are advising customers to be extra mindful, especially on Monday 7/2 and Tuesday 7/3, as there...
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Electricity Markets There was a small dip in electric prices in most ISO’s. ERCOT was the exception where there was a big slide over the report week. Volatility here might have been a little over reaction, however there is still a lot of summer left to get through. With an estimated 20,000 MW of wind...
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Electricity Markets ISO-NE started moving in an upward trend, and is once again the highest priced market we report on now that ERCOT has leveled off for the first time in a while. NYISO also began climbing after a very stable period, both most likely tied to slight increases in natural gas pricing. Not much...
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Electricity Markets ISO-NE continues to see a slight upward trend, however overall the summer months are usually a quieter time in this region. ERCOT prices came down over the week but remains volatile. With the Texas economy doing well, this has led to load growth. In 2011 a similar pattern arose when the area was...
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Electricity Markets ERCOT electric pricing has now surpassed ISO-NE for the time being as they climbed from the lowest priced market to the highest that we report on. The remaining markets saw little change throughout the week.
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Electricity Markets There was an uptick in forward electric prices across the board. ISO-NE has been on a steady march upward over the last few weeks. ERCOT again saw another big jump as warm weather and continued uncertainty about how the coal plant closures could be even more dramatic if there is a warm summer...
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POWER MANAGEMENT COMPANY ANNOUNCES LAUNCH OF NEW WEBSITE Power Management introduces a new website, more effectively conveying their core services to users Victor, NY- May 21, 2018 – Power Management Company (PMC) is proud to announce the launch of their new website www.powermgt.com. The new site more clearly illustrates the services Power Management offers such...
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Electricity Market NYISO electric was quiet over the report week & PJM saw just a very slight increase. ISO-NE electric moved up a fair amount and ERCOT saw another big jump. Back in October prices were in the $0.025 range, now they are closing in at $0.036 -$0.037.
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Electricity Market Not much change in the way of electric forward in NYISO and PJM. Just perhaps a slight uptick in NEISO and ERCOT. Texas may see some relief as the estimated peak summer electricity usage and maximum generation capacity has increased by a small amount due to three power plants that weren’t expected to...
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Electricity Market ISO-NE & PJM have experienced a steady tick up on prices over the last few weeks, likely tied to increased oil and natural gas prices, although this report week did see some slight relief from this upward trend. NYISO continues to remain steady, providing a good opportunity to look at forward prices and...
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Electricity Market Prices in the eastern markets slowly continue to move higher while ERCOT prices have stabilized a bit. The day-ahead market saw some relief over the report week with cold weather starting to subside.   Natural Gas Markets The May ‘18 NYMEX future contract expired on Thursday April 26th at $2.821. The market ticked...
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In addition to the wholesale cost of energy, other items such as capacity combine to make the total cost of a customer’s electric bill. A portion of a customer’s capacity payment is determined by what is referred to as a Capacity Tag (can also be called peak load contribution (PLC), Installed Capacity (ICAP) or peak...
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Electricity Market NYISO and PJM saw almost no change week over week. ISO- NE also continues to be relatively steady, no big movements around the forward price of energy. However, forward quotes still may come in higher than expected in this region due to capacity, ancillaries, RECS and other factors. These are not going away...
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Electricity Market While most of the ISO’s have remained quiet, ERCOT is back on the rise. On peak pricing, especially in July and August is anticipated to be very high, running up the 12-month forward average. Also note that some ISO-NE zones will experience an increase in their capacity market starting in June. Any clients...
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Electricity Market NEISO, PJM, and NYISO remained flat overall since last week’s report. ERCOT experienced a slight bump up after the drop-off. The Department of Energy released a study on future coal and nuclear generation retirements, which examined NEISO, NYISO, PJM, and ERCOT during historical high demand periods, and said that additional coal and nuclear...
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Electricity Market The wholesale electric market did not see much movement from last week’s report. NYISO slightly decreased while NEISO and PJM remained steady. ERCOT saw a drop-off, as additional capacity projects are planned to come in service between 2018 and 2022.   Spot market pricing on the day-ahead shot up in PJM, while NEISO...
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Electricity Market The electric market has shown some volatility, but it is still a good time to hedge. ISO-NE remains flat, while NYISO and PJM moved up slightly from last week. These markets haven’t seen a spike since the cold weather in January. ERCOT, however, continues to climb as a result over concern from the...
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Electricity Market Wholesale electric prices over the report week were overwhelmingly flat, with the exception of ERCOT which again moved higher. In addition to the coal plant closure announcements and nervousness about load reliability during the summer, the economy in Texas has been heated. Energy prices in this market are unrestrained which could cause some...
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When evaluating natural gas contracts, one component that you may consider is the suppliers offering of swing options.  Swing refers to your business being able to go above or below the amount to be supplied, while still being billed or credited for any used/unused volume at your fixed or index price. Sometimes also referred to...
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The price consumers pay for electric supply is made up of a series of components. Although the price of wholesale energy is often the focus, it is actually only a portion (recently 50% or less) of the overall cost. One element that has recently increased significantly, especially in the New England market, is capacity. Capacity...
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