US: +1 (877) 51 POWER 
Europe: +44 (0) 207 198 1634 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 […]
The 2020 ERCOT 4CP Season, which ended on the last day of September, witnessed a new monthly record for July and the August peak fell just short of a new record demand in ERCOT. On Monday, July 13, ERCOT established a record for July peak demand with a measurement of 74,392 MW’s, but with ample […]
Renewable energy certificates (RECs) represent the environmental attributes of renewable generation and are measured and sold per Megawatt-Hour (MWh) of energy produced. Voluntary RECs are those purchased beyond statutory obligation and are often certified under the nationally recognized Green-e program administered by the Center for Resource Solutions. Over the past 24 months, voluntary REC prices […]
When winter storm Uri hit the central US and temperatures plummeted natural gas demand spiked, and prices rose with demand. The strain on the natural gas system started showing in the days leading up to Presidents’ Day 2021, with daily natural gas trading setting new highs across the Midwest and into the Deep South. During […]
In the days and weeks following the energy crisis caused by Winter Storm Uri a large number of legislative measures seeking to change electricity market rules were introduced in ERCOT, but added risk of volatility in the market is driving increases in forward prices more than potential rule changes. The highly publicized Senate Bill 2142 […]
The 2020 ERCOT 4CP Season, which ended on the last day of September, witnessed a new monthly record for July and the August peak fell just short of a new record demand in ERCOT. On Monday, July 13, ERCOT established a record for July peak demand with a measurement of 74,392 MW’s, but with ample […]
