Energy News
ISO New England Fuel Security Program – Mystic Cost of Service
In 2018 ISO New England announced plans for two new ancillary charges, Mystic Cost of Service & ISO-NE Winter Reliability.
September 29, 2023
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Price Components
Electricity Price Components
What is Natural Gas?
The image above may be the first thing that comes to mind when your hear natural gas but the process of finding, extracting and producing natural gas is much more complex than just turning on your stove. Natural gas is primarily made up of methane, a compound with one carbon atom and four hydrogen atoms.
September 20, 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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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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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
August 11, 2023
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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
July 14, 2023
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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
June 28, 2023
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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.
June 23, 2023
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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
June 20, 2023
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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
May 25, 2023
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