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On May 23, New Jersey Governor Phil Murphy signed into law the Act Concerning Clean Energy (the act), Assembly Bill A-3723, establishing new clean energy and energy efficiency programs and modifying New Jersey’s renewable energy portfolio standards (RPS). The act, which is effective immediately, directs the Board of Public Utilities (Board) to (i) increase the current RPS requirements; […]
This quick presentation discusses the issues and upcoming electricity & natural gas procurement opportunities for Ohio school purchasing professions due to a rapidly changing Ohio energy market landscape.
On May 23, the PJM Interconnection’s 2021/2022 Base Residual Auction results were released. The clearing price for the baseline “Rest of RTO” and many other zones increased significantly with the Rest of RTO price surging ~83% to $141/MW-day. ATSI saw the largest increase in capacity prices, rising over 100% to $158/MW-day. BGE saw an 87% increase […]
Though often overlooked and potentially having a large financial impact, energy supply agreements are frequently secured without considering how long an asset will be owned. Issues such are assignment, early termination or jeopardizing a sale should be addressed. This short presentation discusses these issues and how best in class procurement strategies take the holding period into account.
Wholesale gasoline prices have jumped by more than 50% over the past ten months to their highest levels in more than three years as rising crude oil prices and increasing motor fuel demands boost prices. By far the largest cost component that goes into producing a gallon of gasoline is the input cost of crude […]
Connecticut is joining New York, Rhode Island, and Massachusetts in welcoming offshore wind projects to increase their renewable energy production. The Constitution Wind Project, one of many offshore wind projects proposed to the state, would supply power to 100,000 homes and help reduce the state’s reliance on natural gas for electricity generation. Eversource Energy and a […]
What happened? In October 2017, Vistra Energy announced that it would be retiring over 4,000 MW of generation capacity before the summer of 2018. The retirements represented ~5% of ERCOT’s total generation capacity and have significantly reduced the projected reserve margin for the summer 2018 planning period. In the latest Capacity, Demand, and Reserves report […]
Penalty charges for deviating from expected natural gas consumption come primarily from two sources with distinct and separate circumstances. The first way to incur additional charges is to use more (or less) than the contracted and nominated amount of natural gas, which is referred to as a swing tolerance penalty, or just “swing.” Swing charges […]
Equities and the Economy: • Stocks move higher on prospects of tax bill passing. • All three major indexes close at records. U.S. equities have been moving up or down the last few weeks following the prospects of the tax reform bill passing. On Thursday Senators Rubio and Corker had concerns about the bill and […]
Equities and the Economy: • Dow ends 5 session advance. • Equities moving on tax bill news. The Dow broke its 5 session, 4 record high advance yesterday closing down 77 points at 24,509. The S&P 500 fell 11 points, 0.41%, to 2,652 and posting its largest daily percentage drop since November 15th. Don’t panic […]
