Electricity Markets Cold winter weather has started impacting many different markets, but as you have likely heard, the effects are most severe in Texas. On February 15th, ERCOT declared an Energy Emergency Alert (EEA) level 3, which initiated rolling blackout events. This has been a serious historical energy event for the state. The cold has caused windmills blades to freeze as well as mechanical issues with gas pipelines, coal generators and a nuclear unit experiencing water supply problems. This has severely limited the capacity across ERCOT and created undersupply. Real-time...Continue Reading
Electricity Markets The widespread extended cold spell is driving the spot markets up and, in turn, the forward markets have followed. These colder temperatures have led to increases across the board, and, if you are on index or variable rate models, you can expect to see higher prices as a result. ERCOT electric prices have also spiked which generally unobserved in the winter. However, with colder weather dipping down into this region, and electric needed for the majority of heating demand, they are also seeing the effects of this volatility.Continue Reading
Electricity Markets February started off cold and is seeing strength in the markets as a result. ISO-NE certainly moved higher on the heels of the significant increase in the Algonquin basis. Similar strength in pricing was observed across the ISOs as the underlying NYMEX costs increased throughout the week. Near-term concerns are really driving these increases for the 12 month forwards as uncertainty surrounding the remainder of February and March weather remains.Continue Reading
Electricity Markets PJM & NYISO electric prices were up just slightly over the report week, while ISO-NE and ERCOT saw larger movements upward.Continue Reading
Electricity Markets Electric markets once again saw a week-over-week rise in pricing as the underlying cost of gas remains volatile. ERCOT was the lone holdout as dips in summer pricing brought the overall forward average down.Continue Reading
Electricity Markets Electric markets ticked up over the report week on the heels of natural gas prices increases. In ISO-NE the REC (renewable energy certificate) component continues to be a large piece of the overall cost of energy and is almost equal to the energy only price.Continue Reading
Electricity Markets Electric prices over the report week were still trending downward. This is being drive in large part by low natural gas basis prices, a 5-year high gas storage level and thus far a fairly warm winter outlook. ISO-NE wholesale electric prices specifically have dropped to lows not seen in years with the exception of the short time frame this past April. But in general, all ISOs are showing it’s a really a great time to be looking at pricing.Continue Reading
Electricity Markets Electric prices remain very favorable moving into December. For those in NYISO especially, capacity markets are still trading unusually low and there is good value in locking in outer years. With the capacity that was removed from the market last April, and more to come this April, we should be seeing capacity prices tighten up more than it has thus far.Continue Reading
Electricity Markets Another pretty significant drop in the 12-month forward average for all markets, driven but a drop in natural gas and basis prices. Some of the ISO’s are starting to approach the lows we last saw in April/May. This may be a chance to recapture a missed opportunity if you held off when the market started turning upward.Continue Reading
Electricity Markets There was a large drop in all electric markets over the report week, with the exception of ERCOT. ISO-NE especially came down quite a bit from the highs seen just 2 weeks ago. This drop is again, tied like last week to the large decrease in the gas basis prices in the Northeast.Continue Reading
Electricity Markets All electric markets saw a slide downward over the report week. After some uncertainty for ERCOT this summer, TEXAS is now out of cooling season so things should remain calmer. There was no huge volatility for the ISO this summer which allowed them to come through the season fairly well.Continue Reading
Electricity Markets The uncertainty of winter outlooks and an increase in natural gas prices caused electric prices to tick up over the report week.Continue Reading
Electricity Markets Electric markets continue to remain slightly elevated over a short period of time. Keep in perspective however that these prices are still very favorable compared to historic levels. Although prices at the rock bottom levels experienced around the April timeframe, it’s unable to be determined if we will see electric rates at these lows again anytime soon.Continue Reading
Electricity Markets Forward electric prices for NYISO are still quite low and compare very favorably against the last two decades. Pricing has continued to drop week-over-week and has seen an overall rise month-over-month in response to the rising cost of capacity in the outward years. Expectations are that these costs will firm up as we move closer to Indian Point’s closure in April 2021. In PJM, the lack of load in the region is driving prices down, and rates also remain incredibly competitive. A comfortable summer in Texas led ERCOT...Continue Reading
For Immediate Release Contact: Joanne Sinopoli Marketing Communications Manager 585-249-1360 jsinopoli@powermgt.com ______________________________________________________________________________________ KPH HEALTHCARE SERVICES, INC. ENTERS INTO MULTIFACETED COMMUNITY SOLAR PROGRAM WITH NEXAMP, UNDER THE GUIDANCE OF POWER MANAGEMENT COMPANY Rochester, NY – October 1, 2020 – KPH Healthcare Services (a New York company and the parent company of Kinney Drugs, HealthDirect Pharmacy Services, ProAct, its PBM, Noble Specialty Pharmacy, and KinnectTM clinical care pharmacy) has enrolled a number of its New York stores and facilities in Nexamp’s community solar program. Advised by Power Management Company, a Rochester, NY-based...Continue Reading
Electricity Markets Not much change across the electric ISO’s which was somewhat surprising as the patterns usually follow natural gas which has been quite volatile as of late.Continue Reading
Electricity Markets Both electric and gas markets are trending up. ERCOT specifically continues to experience market volatility. ISO-NE has also climbed somewhat significantly over the past few weeks.Continue Reading
