Electricity
Weather’s affect on the Energy Market
We talk about the weather’s effect on the energy market a lot – here are a few ways weather can influence energy prices
March 1, 2024
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Electricity
Electricity
Heating and Cooling with Heat Pumps – a Sustainable Solution
Nine states including California, Colorado, Maine, Maryland, Massachusetts, New Jersey, New York, Oregon, and Rhode Island have collectively committed to aiming for electric heat pumps to make up 90% of residential heating, air conditioning, and water heating sales by 2040. What is a heat pump? Heat pumps are an energy-efficient alternative to traditional furnaces and
February 16, 2024
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Electricity
Block Island’s Electric is now 100% Renewable Energy Generated
Block Island has achieved a complete transition to 100% renewable energy, marking the end of its reliance on fossil fuels. This is the result of years of effort by the island’s year-round residents, the Solar Initiative, and the Block Island Utility District, both not-for-profit organizations. In December, the State of RI Division of Public Utilities
January 22, 2024
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Electricity
Winter Events – El Niño
This winter we are currently in an El Nino pattern which typically brings warmer-than-average temperatures and more precipitation for the Northeast.
January 8, 2024
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Electricity
Winter’s Impact on the Energy Market
Because of the energy market’s volatility throughout the winter months, it’s important to understand what factors influence these large market swings.
December 21, 2023
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Electricity
Solar Energy 101
The sun emits enough sunlight in an hour and a half to meet the world’s energy needs for an entire year.
November 21, 2023
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Electricity
How do Wind Turbines Work?
Wind turbines harness the wind’s energy and in turn produce electricity.
November 1, 2023
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Electricity
Drivers of Wholesale Electricity Prices
In general, the two main drivers of wholesale electricity prices in New England are the cost of fuel used to produce electricity and consumer demand. Power Plant Fuel: Natural gas dominates electricity generation in New England, accounting for 52% of total power production in 2022. This reliance on natural gas makes wholesale electricity prices closely
September 8, 2023
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Capacity
Energy 101: Electric Cost Components
Your electric rate is composed of various components that together make up the total cost of electricity.
September 1, 2023
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Electricity
Hurricane Season and the Energy Market
Hurricanes and tropical storms can have significant effects on the energy market due to their potential to disrupt both the supply and demand sides of natural gas and electricity.
August 25, 2023
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