Midwest PJM: Spotlight on Transmission Cost Components in Ohio
In Ohio, NITS is currently handled differently in certain electric utility delivery areas than the rest of PJM. Over the past several weeks, we have received many inquiries from our customers in the state on how NITS charges are treated. In the interest of bringing clarity to one of the more confusing aspects of the Ohio market, we believe that it is worth looking more closely at NITS and the other transmission-related pricing components.
Strategic Energy Procurement:Understanding Electricity Pricing in ERCOT
Competitive energy markets have come a long way in bringing more options to commercial and industrial customers. In ERCOT, retail electricity providers can now customize pricing offers with dozens of cost components that can be tailored to specific consumer risk requirements. This has allowed buyers to make more strategic procurement decisions based on key operational priorities.
PJM Electricity Pricing Components
Competitive energy markets have come a long way in bringing more options to commerical and industrial customers. In PJM, retail electricity provider can now customize pricing offers with dozens of cost components that can be tailored to specific consumer risk requirements. This has allowed buyers to make more strategic procurement decisions based on key operational priorities and energy usage patterns, but it has also added a new layer of complexity to the way energy is priced.
Important Changes to the Massachusetts Renewable Energy Portfolio Standard Class 1 Solar Carve-Out Program and the Potential Impact on Commercial and Industrial Consumers
Earlier this year, based on the number of solar projects under development, the Massachusetts Department of Energy Resources (DOER) filed changes to the regulations governing how the state’s Renewable Energy Portfolio Standard Class 1 Solar Carve-Out program is structured. Renewable Energy Portfolio Standards are the state required portion of energy that must come from renewable sources. All Competitive Retail Electric Suppliers and Regulated Utilities are required to procure Solar Renewable Energy Certificates on behalf of their customers.
Strategic Energy Procurement: Leveraging the Market Opportunities of Today to Build an Effective Energy Risk Management Program for the Future
When it comes to Ohio’s changing energy landscape, two things are clear: There are some significant opportunities for commercial and industrial consumers to consider that may lower the price they pay for electricity. But there are also risks that can – and should – be managed.
Pennsylvania’s Shale-Gas Industry Fuels Cost-Saving Electricity Solutions for Regional Businesses and Institutions
With the explosive growth of the domestic natural gas industry, Pennsylvania businesses are smart to take a close look at alternative contracts before entering into their next energy agreement.
PUCT Raises High System-Wide Offer Cap To $9,000/MWh, Effective June 2015
On October 25, the Public Utility Commission of Texas voted unanimously to double the high system-wide offer cap to $9,000/MWh, effective June 2015. The move is designed to send pricing signals that attract the generation necessary to meet the state’s growing demand for electricity. Under the plan, the wholesale power cap will rise to $5,000/MWh in June 2013 and $7,000 in June 2014 before hitting the $9,000 cap the following year.
ERCOT Market Rules Change: PUCT Vote On Caps Will Improve Long-Term System Reliability, But May Present Short-Term Risk Management Challenges For Some Market Participants
The Electric Reliability Council of Texas (ERCOT) recently implemented a series of protocol changes designed to spur investment in both existing and new sources of power generation to enhance long-term system reliability. In the near term, these changes may increase price volatility impacting customers purchasing index-priced products, and will increase the risk profile of unhedged, or partially hedged, market participants, including some customers.
Ohio’s Shale-Gas Industry Fuels Cost-Saving Electricity Solutions for Regional Businesses and Institutions
The explosive growth of the domestic natural gas industry is creating new opportunities for Ohio electricity consumers. Developments in exploration and drilling technologies on a national scale have significantly expanded production from shale deposits deep within the Earth. And areas close to major business and population centers that were once untapped are now being explored.
One Bright Idea: Lufkin Industries Improves Profitability through Sustainability
Creating an energy management strategy that’s right for your business – and right for your bottom line – can be complicated for any organization. Efficiency is often dictated by a slew of variables and cost components that sometimes change quite rapidly.
Ohio's Transition from MISO to PJM
Beginning June 1, 2011, First Energy’s Ohio electricity utilities will transition grid control to PJM Interconnection (PJM) from the Midwest ISO (MISO). This transfer brings about some potentially significant changes for those who are used to the pricing and processes of MISO.
Retail Market Monitor, KEMA
KEMA spotlights Bob Wilson, president and CEO of GDF SUEZ Energy Resources, in Executive Insights in this month's Retail Market Monitor.
Economic Downturn Creates Rare Opportunity to Lock-in Electricity Cost Savings
Andrew Weissman, publisher of Energy Business Watch, discusses how buyers can take advantage of the current marketplace.