Electricity Markets ISO-NE electric prices continue to slide, reaching lows last seen in late winter of 2017. PJM also trailed off over the report week, while NYISO and ERCOT were slightly up and down.Continue Reading
Electricity Markets ISO-NE electric held steady week over week. NYISO, PJM and ERCOT prices all trailed downward. Electric markets all remain very attractive.Continue Reading
Electricity Markets The overall downward trend on the electric market continued although it slowed a bit. ISO-NE was mostly flat over the report week with the slight drop at the end while. NYISO and PJM were both moving downward and signaling a strong time in both markets to lock in prices. As of April 1, CES, RECs and ZECs increased in NY and will continues to steadily grow as aggressive renewable targets remain a hot topic in the state. With the higher capacity prices now in play for NY, prices...Continue Reading
Electricity Markets NYISO electric prices took another small slide over the report week. ISO-NE and PJM remained flat while ERCOT saw a slight tick up.Continue Reading
Electricity Markets Electric prices continued to soften over the report week. Capacity across the board is down as is the wholesale cost of energy. NEISO slipped to the lowest levels it has seen since February/March 2018. PJM was traded at levels last seen at the end of 2017. ERCOT has yet to see any change in weather leading to a lack of volatility there. Although prices are currently very attractive, we must not lose sight of other market variable like the 600 MW of base-load generation that was retired with...Continue Reading
Electricity Markets NEISO took another slide and hit the lowest levels the ISO has seen in over a year. As of June 1st after several years of increasing pricing in the capacity markets, all NE regions will see relief going forward. There was some up and down action in the remaining regions as NYISO, PJM & ERCOT all seemed to converge by the end of the report week.Continue Reading
Electricity Markets Electric prices dipped over the report week. 12-month average prices in PJM are closing in on NYISO. The middle of summer ’18 was the last time forward prices for NEISO were at a level similar to what we are currently seeing. There has been a drop in future years as well, helping to lower multi-year contract prices. The Pilgrim plant will be permanently closing on 5/31/19, and the market may see reaction on prices, most likely for the upcoming winter terms. New capacity tags were released for NYISO...Continue Reading
Electricity Markets Another fairly quiet week for the electric markets. ISO-NE, PJM and ERCOT were slightly down and then ended the report week about even with last week. NYISO was the one exception and stepped up a small amount.Continue Reading
Electricity Markets PJM electric prices fell over the report week while NYISO was about even to last week. PJM & NYISO used to be much more tightly traded. However, the past few years NYISO has pulled away, tied in large part to downstate nuclear plant closures creating upward pressure. ERCOT took a slide and for the time being may be feeling slightly better about summer demand. Even with low natural gas prices, electric may no longer follow suite as closely, and this price point could be the new norm.Continue Reading
Electricity Markets The electric markets came up just slightly over the report week. Over the past few weeks the near-term prices have slowly come down, while the out years (2020,2021,2022) have been steadier without much change from week to week. There is an upward trend developing in the NYISO capacity markets tied in part to plant closures. NYISO only runs auctions 6 months in advance so it will be important to monitor how volatile this becomes. ERCOT is an example of the type of drastic spikes that can happen in...Continue Reading
Electricity Markets All electric ISO’s took a slide over the report week and prices are attractive. It’s unlikely that the markets will get back to the historically lower levels seen over the past few years as the fundamentals like plant closures have changed the game.Continue Reading
Electricity Markets All ISO’s saw electric prices come down over the report week. ERCOT saw the greatest decrease, however their market remains uncertain as we move into the summer months.Continue Reading
Electricity Markets Only a slight tick up on the electric markets over the report week. Prices have been noticeably stable over the past few weeks.Continue Reading
Electricity Markets Although prices aren’t as low as they have been historically in ISO-NE, there are new dynamics in the New England region that now play a part in the electric price mix. Lack of natural gas pipeline capacity combined with multiple plant retirements make it unlikely that we will get back down to levels lower than the $0.04/kWh resistance level. Electric prices remain in a good position relative to recent history and where we were last Fall. ERCOT was down slightly over the report week and NYISO & PJM...Continue Reading
*Important information for New York State Businesses* NYS is attempting to repeal a longstanding tax exemption for businesses that utilize third party suppliers, or ESCOs, for electric and natural gas service. This repeal is estimated to cost NYS businesses an additional $128 million per year in sales taxes. Please follow the link to support the Business Council’s opposition to this new tax. Thank you for your help. https://oneclickpolitics.global.ssl.fastly.net/messages/edit?promo_id=5627 Electricity Markets ISO-NE has seen a slight upward trend in electric over the past few weeks. NYISO and PJM continue to remain...Continue Reading
Electricity Markets With the exception of a slight tick up in ISO-NE, the remaining markets all trailed downward over the report week. Will we continue to see a downward trend in electric prices coming out of the winter period? Only time will tell.Continue Reading
Electricity Markets Electric prices saw a bump up over the report week. There may be some increased pressure over the coming week based on the heightened natural gas activity. ERCOT is likely starting to get nervous about summer demand again as they continue to show volatility.Continue Reading
Electricity Markets The electric markets saw little activity over the report week. Capacity prices continue to work in favor for those looking to hedge electric contracts in NYISO and ISO-NE. Last year the market ran fairly flat from February forward. We will continue to keep an eye on if same pattern seems to transpire.Continue Reading
