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[Market Monitor] ERCOT Summer Electricity Grid Outlook Shows Increasing Strain – Increasing Prices Likely Ahead for Electricity Consumers
- Posted By: Scott Merrell
May 8, 2023 – ERCOT released its 2023 summer Seasonal Assessment of Resource Adequacy (SARA) report on May 3rd, a combination of rose-colored glasses and doom and gloom.
[Market Monitor] LP&L ERCOT Transition Delay – What you need to know to stay prepared!
- Posted By: Scott Merrell
May 5, 2023 – If you are a City of Lubbock LP&L customer, you have likely heard about the upcoming transition to the competitive energy markets. Below is a quick update on the transition, which has experienced a slight delay.
Market Monitor – Illinois Carbon-Free Resource Adjustment Charge Rising
- Posted By: Scott Merrell
March 6, 2023 – Starting in March, a credit on your ComEd electric bill will drop sharply and flip to a charge beginning in June 2023. In late 2021 Illinois adopted the Climate & Equitable Jobs Act (CEJA), which included a bailout for three nuclear plants in the state. Under the CEJA, Carbon Mitigation Credits […]
Market Monitor – Massachusetts Energy Legislation Will Benefit Some, Others Not So Much
- Posted By: Scott Merrell
August 19, 2022 – Massachusetts has passed energy legislation designed to accelerate the transition to a lower emission economy. The legislation includes several new programs, revisions or expansion of some existing programs, and a more precise roadmap for the buildout of more renewable generation resources in the Commonwealth. Expanded EV Programs: The legislation includes incentives […]
Market Monitor – Rhode Island RPS Cost Increases Avoidable If You Act Before July 1
- Posted By: Scott Merrell
June 22, 2022 – 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 […]
Market Monitor – US Natural Gas Prices Fall Sharply, Fears of Winter Shortages Eased
- Posted By: Scott Merrell
June 15, 2022 – 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 […]
Market Monitor – Midwest ISO Capacity Costs Rise, Likely To Remain High Beyond 2023
- Posted By: Scott Merrell
April 20, 2022 – 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 […]
Market Monitor – Natural Gas Volatility Increasing Electricity Prices
- Posted By: Scott Merrell
April 7, 2022 – 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. […]
Market Monitor – February Gas Contract Will Impact Customer Costs In Variable Agreements
- Posted By: Scott Merrell
January 28, 2022 – 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 […]
