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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Natural Gas 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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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
May 18, 2023
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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
May 11, 2023
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Electricity
February
As we head into the last weekend of February, New England is shaking off Winter Storm Olive which brought snow, rain, and strong winds to the region. Overall, February’s mild temperatures in the Northeast and Midwest has kept natural gas storage withdrawals to a minimum. Yesterday saw a 71 Bcf withdrawal according to the U.S.
February 24, 2023
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Electricity
December’s Weather Outlook
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
December 8, 2022
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Electricity Price Components
Winter is Coming. Are You Prepared?
How does volatile winter weather impact both the electricity and natural gas markets?
October 26, 2020
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Component Strategy
What’s in Your Natural Gas Supply Price?
While there are not many components in a natural gas supply price, understanding them is critical to reducing costs.
April 3, 2020
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