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Timing the Market
With so many factors having an influence on energy prices, how do you identify optimal buying opportunities?
June 2, 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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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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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
May 3, 2023
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Uncategorized
Best Practice Energy Joins Environ Energy for a Sustainable Energy Future
We are excited to announce that Best Practice Energy has recently been acquired by Environ Energy, a leading energy management firm that focuses on sustainable solutions for energy efficiency and clean energy sources. As part of the acquisition, Best Practice Energy will serve as a division within Environ, continuing to help clients achieve their energy
April 26, 2023
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Market Updates
March 2023 Wrap Up
As March comes to a close, we’re looking forward to spring in the Northeast and the beginning of what we call a “shoulder season” in the Energy Industry. This occurs when temperatures reach a comfortable area of 40-70 degrees Fahrenheit. These temperatures provide most facilities a great opportunity to cut electric and natural gas costs
March 31, 2023
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Electricity
January Outlook
Last week, natural gas fell to the lowest we’ve seen since December 2021 trading below $4.00/mmbtu. An increase in domestic supply and above average temperatures in the Midwest and East Coast are playing a major role. Have we seen natural gas reach a floor price for the winter? Winter? What winter? Weather continues to be
January 10, 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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