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
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
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
December’s temperature outlook has shifted into a much “warmer than normal” trend for the East Coast and Midwest. Weather has been a considerable influence in the market of late and day to day forecasts have a significant role in market volatility. For more insight on the electric and natural gas markets, feel free to send
From University of Richmond to Best Practice Energy here in Rhode Island. Get a first hand look into Kyle Gilroy’s Internship.
Discover how Manager of Strategic Analysis TJ Salisbury helped enhance our clients ongoing experience with his in-depth market intelligence.
Who is Best Practice Energy? How can we transform the way you buy and manage energy? Watch this video to find out!
Learn about how Market & Strategy Analyst Dan Leonard has innovated our services for our clients!
How will federal, state, and private sector goals impact the cost of renewable energy and retail energy prices?
For the first time, BPE has been featured on PBN’s List of Fastest Growing Private Companies!
