Energy 101

Energy 101

The Evolving Energy Landscape – The Future of Renewable Energy

The United States is undergoing a shift in its electricity generation, commonly referred to as the “grid mix.”  To put it in perspective, there has been a 68% decline in coal-fired generation from 2010 to 2020.  In New York City, a large effort is underway to harness clean energy solutions with ambitious sustainability goals. NYC

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Capacity

Peak Day Management – A Success Story

If you live in the Northeast, you’ve certainly experienced a summer heatwave. On these days, commercial and residential buildings all have their air conditioning units on high. This increases the amount of usage and demand for electricity on the grid.   When these heatwaves sustain for multiple days, the grid eventually reaches its highest amount of

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Electricity

Energy 101: The Flow of Electricity

The process of flipping a light switch involves a complex energy system that ensures electricity reaches its intended destination reliably and safely. Electricity flows from the point of generation through the grid and eventually reaches buildings when devices are turned on. This system has been developed over many years to prevent surges or accidents.  Understanding

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Capacity

Peak Day Management and BPE’s Peak Notification Service

As mentioned in last week’s blog, the ISO defines your capacity costs – Managing your usage at these times is crucial to lowering costs on your bills.  There are steps you can take to curtail your usage during peak demand times (usually the hottest days of the year) so your capacity tag reads a significantly

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Capacity

Managing Capacity Costs this Summer

Summer is officially here and with that comes heat and more electricity usage for your business. Did you know that curtailing your usage on certain summer days, for only a couple of hours can reduce your annual energy spend? – That is why it is very important to look at when your energy is used.

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Capacity

What is The ISO?

You may hear your Energy Advisor refer to the ISO – Independent System Operator. The ISO is a non-profit organization authorized by the Federal Energy Regulatory Commission (FERC) responsible for managing and operating the electric grid for a specific region.     At Best Practice Energy we serve various ISOs, including: ISO-NE – New England

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Electricity

What Moves the Electric Market?

In New England, there are two main drivers of wholesale electricity prices – cost of fuel and demand.  Cost of Fuel Natural gas is the principal fuel source used to produce electricity. Natural Gas has made up 52% of the electricity used in New England this past year. As a result, average wholesale electricity prices

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Electricity

Energy 101: What is Energy Procurement?

A basic question but to successfully navigate the energy market can be a complex answer. Simply put, energy procurement is the process of sourcing and acquiring electric and natural gas for your businesses. A number of factors determine your price – natural gas, weather, capacity, transmission costs, and the list goes on. It is important

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Electricity

Energy 101: Weather and the Energy Market

We talk about the weather’s effect on the energy market a lot here at BPE. Here are a few ways weather can influence energy prices: Heating and Cooling Demand Weather conditions directly affect the demand for heating and cooling in residential and commercial buildings. When we see extremely cold or warm temperatures, the demand for

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Energy 101

Energy 101: Why Work with an Energy Advisor?

At Best Practice Energy our Energy Advisors are your first point in contact for the energy procurement journey. The Energy Advisor’s role is to help you manage market timing, product structure, purchasing and more.     You’ll see many advantages when working with a trusted Energy Advisor.  Market Timing Energy Markets are volatile for a

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