US: +1 (877) 51 POWER 
Europe: +44 (0) 207 198 1634 The Rhode Island legislature has passed a revision to the state’s Renewable Portfolio Standards (RPS), which significantly increase the required percentage of renewables over the next decade. The revised rules, which are expected to be signed into law by Governor McKee, accelerate the growth rate in RPS requirements from the existing 1.5% increase per year […]
Revised information on the timeline for repairs to the Freeport LNG export terminal pushed the US natural gas markets lower on June 14, and expectations of increased injections into storage in the coming weeks eased fears of shortages for the coming winter. As previously reported by Tradition Energy, the Freeport LNG terminal was damaged on […]
The Midwest Independent System Operator (MISO), who coordinates the electricity grid for many states, including Illinois and Michigan, has announced a sharp increase in capacity costs starting in June of 2022. MISO recently conducted its annual auction to secure capacity resources to meet electricity demand requirements across its system for the June 2022 – May […]
Over the past few weeks, significant price increases in the natural gas market have driven electricity prices higher as natural gas is the largest cost component contributing to the price of electricity in most US electricity markets. Natural gas prices are higher overall due to the fundamentals of limited supply vs. abnormally low gas storage […]
The February 2022 NYMEX natural gas contract saw record levels of volatility that will have a direct impact on costs for customers in variable agreements. In the minutes before the market closed, when the price for February gas was to be permanently set, prices increased more than 50% in just 13 minutes. After seeing prices […]
As a result of the grid events caused by Winter Storm Uri in early 2021, ERCOT has altered several ways in which it buys services to ensure system stability. Starting in mid-July ERCOT began buying extra volumes of what are referred to as “ancillary services” including: A. Paying more generators to be ready as “reserve” […]
The new Illinois legislative measure includes several well-publicized components, such as the subsidy for nuclear power and the timelines for closure of coal plants, but it also contained many other items which will impact total electricity costs for all customers. The impacts are concentrated on utility delivery cost components. Customers will not know the actual […]
As we face the current elevated market, longer-term contracts may provide more advantageous rates that can help lower overall costs by mitigating the impact of near-term high prices with lower futures prices. Unprecedented circumstances, including the extreme winter weather that swept most of the country in February, record U.S. gas export levels, and record-breaking summer […]
In addition to high energy prices and demand due to persistent heat, several regulatory events are making it increasingly difficult to secure fixed price electricity supply offers in the ERCOT market, and in some cases suppliers are not able to offer any options at all. Much of this trend can be linked to the passage […]
PJM has completed the auction for Capacity resources for the June 2022 through May 2023 obligation period and the resulting prices were significantly lower than prior auctions. Although Tradition had forecasted a slight reduction (~10-15%) in clearing prices in the PJM auction for 2022/23 obligation period, the actual results were nearly 50% lower across all […]
