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ERC: Electricity Price Trends for the Week Ending May 22

Jim Moore

Short-Term Price Benchmark Trends ERC’s average retail price benchmarks* have increased for the third week in a row, from .0820 for the week ending May 1 to .0842 for the week ending May 22. That is an 11 percent rise in the average price for retail power from the beginning of May. The highest jump   …Continue Reading

The Retail Energy Value Chain Explained

Josh Kessler

The retail energy shopping website Electricity Choice posted a blog entry about 28 Terms Commonly Found While Shopping for Energy. Most of the terms relate to either industry structure, contract types and terminology, or energy technology. Knowing this terminology is a building block for all retail power purchases. Beyond simply knowing the terminology, however, it   …Continue Reading

Summer Power Prices to Fall 24%

Josh Kessler

The Federal Energy Regulatory Commission (FERC) reports that peak electricity prices are down an average of 24 percent from last year, driven in part by falling fuel and capacity prices. Prices are down across all regions, led by the heavily gas-dependent ISO-New England region, which experienced a 34 percent drop in forward prices. Meanwhile, the   …Continue Reading

Prices Fall 45% in PJM Region

Josh Kessler

Monitoring Analytics, which monitors market developments in the PJM region that spans 13 states in the Mid-Atlantic and Midwest, released its Q1 Quarterly State of the Market Report last week. The report found that the weighted average locational marginal price (LMP) fell by 45 percent throughout the region compared to the first quarter of 2014,   …Continue Reading

Energy Choice for DC Ratepayers

Josh Kessler

The District of Columbia Municipal Aggregation Program (DC MAP) is an initiative that unifies the purchasing power of DC electricity customers who opt into the program, according to RetailEnergyX. DC MAP is now seeking a vendor who can help increase awareness among the residents, businesses, and institutions that can participate by 20 percent over the   …Continue Reading

Corporations Rally to Streamline Renewable Energy Procurement

Karen Henry

Salesforce, Hilton San Francisco Union Square, Arup, Autodesk and Genetech are the latest signatories on the Corporate Renewable Energy Buyers’ Principles, reports Greenbiz. Many of the companies that have signed onto the Buyers’ Principles are aggressively purchasing and investing in renewable energy; however, onsite projects often only meet a small percentage of their total energy needs. To   …Continue Reading

US Representative Wants to Extend Tax Credits for Clean Energy

Karen Henry

Rep. Mike Thompson (CA-5) has introduced H.R. 2412, the New Energy for America Act, which would extend Section 25D of the federal tax code for residential energy efficient property, as well as the Section 48 commercial investment tax credits (ITC) through 2021. In introducing his legislation, Congressman Thompson, a senior member of the House Ways   …Continue Reading

ERC: Retail Electricity Price Trends for the Week Ending May 15

Jim Moore

Short-Term Price Benchmark Trends Last week marks the second week that retail electricity price benchmarks* have increased, from an average low of .0819 week-ending May 1, 2015, to .0830 week-ending May 15, 2015. Although New Jersey, New York, Ohio and Connecticut had slight declines in their average price benchmarks, other deregulated states, lead by Illinois   …Continue Reading

Bank of America Issues $600M Green Bond

Linda Hardesty

Bank of America has issued a green bond for $600 million to advance renewable energy and promote energy efficiency. This is the company’s second green bond. In November 2013, Bank of America issued its first green bond for $500 million. The funds from Bank of America’s green bonds are used specifically to finance renewable energy projects   …Continue Reading

How the Marcellus Formation Is Transforming Energy Markets

Josh Kessler

Natural gas produced through hydraulic fracturing (“fracking”) in shale formations has transformed the energy industry across North America over the past decade. The US Citygate gas price has fallen from a peak of 12.48 per thousand cubic feet (tcf) in July 2008 to just 4.55 per tcf in February 2015, according to price data from   …Continue Reading