Over the next few days there is a good chance that we may set the peak energy demand for the year due to the expectation of high temperatures. If possible, we are recommending that customers with interval meters reduce their electricity use, especially during the hours of 3 p.m. to 6 p.m. on Wednesday and...Continue Reading
Solar, wind, and geothermal are all sources of renewable energy that are frequently talked about. But here’s something you might not hear about all the time- wave power. In addition to surfers and tourists being drawn to the waves in Hawaii, waves are now being tested as a source of electricity through a new Hawaii...Continue Reading
In past blog posts, we’ve touched on the definitions for and impacts of both capacity and RECs on the price of electric. Both components which help to make up the overall price of energy, have increased to a point where they now account for a substantial portion of the total cost. Over the past few months in the New...Continue Reading
A study conducted by Deloitte in 2012 found, “American businesses have become increasingly focused on energy consumption and its impact on their bottom-lines…more businesses recognize energy management efforts are essential to staying competitive from both a financial and a corporate image perspective.” With a number of competitive energy options today, energy management involves more than just getting the...Continue Reading
On Tuesday April 14th, Power Management was invited to attend an awards ceremony hosted by National Grid recognizing organizations that have provided outstanding energy savings and service to their customers in 2014. Power Management received the Champion Award, which honors the Top Energy Solutions Partner in the region. Our team of energy experts saved our...Continue Reading
One element that helps to determine electric pricing is a facility’s load profile. Utilities are required to have enough energy and equipment available to meet peak demand levels and thus, electricity rates are partially determined by peak demand. For this reason, a graphical representation of a facility’s energy usage over a period of time is...Continue Reading
As an extension of the BuildSmart NY initiative, the cities of Albany, Buffalo, Rochester, Syracuse and Yonkers are among those competing for $20 million in funding for new energy projects. Over the past year, each of these cities in conjunction with the state, have developed individual energy plans to address ways in which they will enhance the overall quality...Continue Reading
As we mentioned in this week’s Energy News Flash the price of electricity on the Day Ahead Market has risen greatly as we continue to experience the coldest temperatures of the season thus far. Last week we saw Day Ahead electricity prices in the Northeast rise above $200 MWH. We did not see January prices rise as...Continue Reading
Lights ON For the Super Bowl WEDNESDAY, FEBRUARY 04, 2015 | JOANNE SINOPOLI Whether viewing from home, or being fortunate enough to attend the game in person, you may have noticed a difference while viewing this year’s Super Bowl than in years past. And no – we’re not talking about that crazy ending! As the most-watched show...Continue Reading
Twenty-eight counties in New York State lie above the Marcellus Shale. Unlike our neighbors to the south, New York has yet to directly benefit from hydraulic fracturing of natural gas. The state of NY has a moratorium on fracking which suspends natural gas drilling in the state until safety and environmental impacts are more thoroughly...Continue Reading
In this week’s Power News Energy Update, we mentioned that the price of natural gas continues to remain soft. Seeing that we are in the middle of the heating season it might come as a surprise, but now is an ideal time to be looking at locking in future gas and electric pricing. Prices are almost as...Continue Reading
On June 2, 2014, the U.S. Environmental Protection Agency (EPA) proposed the Clean Power Plan, a plan to cut carbon pollution from power plants. The EPA aims to reduce CO2 emissions by 26% below 2005 emission levels by 2020 and 30% by 2030. Following the release of this plan, the North American Electric Reliability Corporation...Continue Reading
With winter once again upon us, many business and homeowners in the Northeast are wondering if we will see the elevated prices for natural gas and electric as we did last year. Venture partners Cabot Oil and Gas, Piedmont Natural Gas, Williams Partners, and WGL Holdings, Inc. have been diligently working to gain approval for...Continue Reading
Last month, PJM released a new online learning portal. As a Regional Transmission Organization (RTO) that “coordinates the movement of electricity through all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia”, this user friendly website is designed to be...Continue Reading
As the temperature drops across the nation and cities brace for early winter blizzards, energy pricing in New England skyrockets! Massachusetts consumers were anticipating the price hikes but it’s a tough pill to swallow as other energy costs are dropping throughout the country. National Grid, the largest utility in Massachusetts, recently received approval for a...Continue Reading
Renewable energy sources have been getting a lot of attention and over the past few months we have highlighted a few different topics; this week we are focusing on wind power. Generating energy by the wind is not a new concept. In short, wind energy works with the combination of lift and drag causing the rotor to...Continue Reading
Our last blog illustrated the significance of capacity charges on the overall cost of a customer’s energy supply. When rendering figures for a customer’s capacity charge, the utility calculates what is called the Peak Load Contribution (or PLC), which is a number used to show how much generation could be needed for the system’s peak...Continue Reading
Capacity in the electric market refers to the capability to produce energy to meet your “peak” electrical use during a specific period. There must be enough power to maintain grid reliability during periods of peak demand, regardless of when it occurs. If there is an insufficient amount of electricity generated to meet the demand,...Continue Reading
A common question we get asked as energy consultants is, “When is the best time of year to shop for gas or electric rates?” The short answer is there is no “best time”, but as experts in energy management there are certain factors we use to best advise our clients who are looking into new...Continue Reading
There are different types of supply pricing options for electric customers, and many times each of the various suppliers have their own unique pricing systems. However, there are common factors in every electric price. In order to fully comprehend electric pricing, whether it be from a utility or an alternate supplier, you need to understand...Continue Reading
