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Europe: +44 (0) 207 198 1634 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. […]
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 […]
January 12, 2022 – 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 […]
September 15, 2021 – 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 […]
August 17, 2021 – 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 […]
June 15, 2021 – 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 […]
June 4, 2021 – 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 […]
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 […]
May 10, 2021 – 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 […]
April 21, 2021 – 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 […]
