Electricity
Solar Energy 101
The sun emits enough sunlight in an hour and a half to meet the world’s energy needs for an entire year.
November 21, 2023
No Comments
Uncategorized
Electricity
How do Wind Turbines Work?
Wind turbines harness the wind’s energy and in turn produce electricity.
November 1, 2023
No Comments
Uncategorized
Natural Gas Price Components
There are two primary components of natural gas pricing – commodity price and basis. The commodity price is based on the NYMEX Henry Hub futures price and Basis includes transportation and storage costs.
October 8, 2023
No Comments
Capacity
Energy 101: Electric Cost Components
Your electric rate is composed of various components that together make up the total cost of electricity.
September 1, 2023
No Comments
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
No Comments
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
August 18, 2023
No Comments
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
No Comments
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
No Comments
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
No Comments
Uncategorized
Timing the Market
With so many factors having an influence on energy prices, how do you identify optimal buying opportunities?
June 2, 2023
No Comments