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During Tradition’s Regional Energy Market Outlooks, we review electricity and natural gas commodities and the likely market conditions/prices over the next 24-36 months for Regions throughout the U.S.
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August 15, 2024 EV Program Costs Drive CT Delivery Rates Even Higher Just over a month after the Connecticut regulators approved the large delivery cost increases detailed below they have authorized additional increases in delivery rates for both major utilities in the state. This time the increases are more modest at ~$0.004/ kWh (or about […]
July 31, 2024 What’s Happening? The PJM Capacity auction conducted earlier this month cleared at the highest values ever, amounting to a total capacity market cost of over $15B, a nearly 10-fold increase. The auction, covering June 2025 to May 2026, has been influenced by new rules. These rules, particularly those governing the treatment of […]
July 15, 2024 What’s Happening? Each year, the utilities in Connecticut file a Rate Adjustment Mechanism (RAM) request with the state regulator (CT PURA) to account for adjustments to costs that are unrelated to their system’s operations or energy supply. The docket for the Eversource/CLP 2024 process is 2024-01-03, while the UI docket is 2024-01-04. […]
March 14, 2024 What is happening? On the last day of February, AEP filed a request to adjust delivery rates with the Texas PUC under proceeding 56165. The filing is part of a normal process where rates are regularly reviewed and adjusted based on changes in costs to operate the utility delivery system and the […]
February 21, 2024 – What is happening? Starting about a decade ago, the U.S., including Texas, began moving toward a greener electric generation environment promoted by government policy, including financial incentives for building renewable generation. The consequence was that coal plants were shuttered, and there was no investment in dispatchable generation, with all the investment […]
As we start 2024, energy consumers are seeing the price of all commodities rise, most dramatically electricity, natural gas, and fuel. With the huge surge in commodity prices and the expected future increases, it becomes vital for procurement professionals to take a strategic approach to energy management
February 12, 2024 – Utilities in Massachusetts have many long-term pipeline agreements negotiated to ensure adequate supply can flow into the region to support peak demands for their service areas. The cost of those agreements has been rising lately, so many utilities have adjusted their rates. What happened? Over the past several years, interstate natural […]
