Electricity Markets Forward electric prices for NYISO are still quite low and compare very favorably against the last two decades. Pricing has continued to drop week-over-week and has seen an overall rise month-over-month in response to the rising cost of capacity in the outward years. Expectations are that these costs will firm up as we move closer to Indian Point’s closure in April 2021. In PJM, the lack of load in the region is driving prices down, and rates also remain incredibly competitive. A comfortable summer in Texas led ERCOT...Continue Reading
For Immediate Release Contact: Joanne Sinopoli Marketing Communications Manager 585-249-1360 jsinopoli@powermgt.com ______________________________________________________________________________________ KPH HEALTHCARE SERVICES, INC. ENTERS INTO MULTIFACETED COMMUNITY SOLAR PROGRAM WITH NEXAMP, UNDER THE GUIDANCE OF POWER MANAGEMENT COMPANY Rochester, NY – October 1, 2020 – KPH Healthcare Services (a New York company and the parent company of Kinney Drugs, HealthDirect Pharmacy Services, ProAct, its PBM, Noble Specialty Pharmacy, and KinnectTM clinical care pharmacy) has enrolled a number of its New York stores and facilities in Nexamp’s community solar program. Advised by Power Management Company, a Rochester, NY-based...Continue Reading
Electricity Markets Not much change across the electric ISO’s which was somewhat surprising as the patterns usually follow natural gas which has been quite volatile as of late.Continue Reading
Electricity Markets Both electric and gas markets are trending up. ERCOT specifically continues to experience market volatility. ISO-NE has also climbed somewhat significantly over the past few weeks.Continue Reading
Electricity Markets Electric prices are starting to march up, tied to the increase in the prices of natural gas. ISO- NE, NYISO & PJM are all trending upwards. Texas has shown the most volatility also related to high loads and increased temperatures.Continue Reading
Electricity Markets Quiet week over all with very slight increase in electric prices. Relatively tight range in comparison to last week when there was a more dramatic uptick in prices driven by the price of natural gas. The report week brought multiple peak demand alerts for ERCOT as heat peaked throughout the week.Continue Reading
Electricity Markets Forward pricing rose across all markets this past week in correlation with a dramatic increase in the underlying cost of natural gas. Uncharacteristically, ERCOT, which had dropped near $.015/kwh month-over-month due to the lack of a volatile July, took a sharp turn back up unrelated to summer heat.Continue Reading
Electricity Markets The report week brought slight gains in each of the electric markets. Overall forward prices for PJM markets have been ticking higher as the Ohio nuclear bailout issue continues to cause uncertainty. The summer is not over but ERCOT pricing has remained in check as its grid has performed very well so far this year.Continue Reading
Electricity Markets ERCOT forward electric market came way down over the report week, even with the warm temperatures and high loads. Wind generation has been constant and given comfort to TX, causing prices to level out. The remaining ISO’s are all down week over week. It’s a positive sign that there have been no big price spikes regardless of hitting peak loads Monday 7/20 in NYISO, ISO-NE and PJM. All areas are expected to hit a new peak load today 7/27. ISO-NE announced that they have approved funding to put...Continue Reading
Electricity Markets NYISO, PJM & ISO-NE all saw some slight gains on the electric market over the report week. Future prices continue to trade higher than the near-term. Still in a good range, but not at the lows we have seen. ERCOT was down over the report week however we have a lot of summer to go, and Texas is still at risk.Continue Reading
Electricity Markets All electric markets rose in response to the underlying cost of natural gas. ERCOT saw the largest increase week-over-week as summer peak pricing spiked in response to rising temperatures which brought higher demand to the system.Continue Reading
Electricity Markets All electric in the near-term markets fell in response to the tumbling underlying cost of natural gas. Winter peaks in ISO-NE dropped as strong storage numbers and prolonged reopening procedures drive down demand concerns.Continue Reading
Electricity Markets The NYISO and ISO-NE continued their upward trend as mild temperatures persisted and the Northeast continued through their re-opening procedures. PJM and ERCOT both declined on average with the most significant week-over-week change observed in Texas as anticipated summer peaks in July dropped once again.Continue Reading
Electricity Markets All ISOs, with the exception of ERCOT, saw a week-over-week gain. ISO-NE experienced its largest jump in the near-term; long-term pricing remains a very good value across all regions. NYISO movement may be related to the recent shutdown of the first of Indian Point Nuclear Power Plant’s two generators.Continue Reading
Electricity Markets Each of the ISO’s saw a small gain in electric pricing over the report week with the exception of ERCOT which had a considerable spike upward. Texas is forecasting very high temps into the early and mid-part of June. The potential for record demand levels and price spikes in Texas continues to exist.Continue Reading
