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
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
With so many factors having an influence on energy prices, how do you identify optimal buying opportunities?
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
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
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
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
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
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
