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Following yesterday’s extremely bullish storage report, January natural gas futures surged to a 7 month high, eventually settling up 17.2 cents at $4.132/MMBtu.[...]
Fundamental Analysis
The EIA reported a 162 Bcf withdrawal from natural gas storage for the week ending 11/29/2013, outside of analyst predictions of a withdrawal from 115 Bcf to 154 Bcf. Working gas in storage was 3,614 Bcf as of last Friday, 200 Bcf less than last year’s 3,814 Bcf stock and 104 Bcf below the 5-year average of 3,718 Bcf.[...]
Energy Efficiency’s “Moment” Has Arrived: Notes from the MA Energy Summit
Last week I had the opportunity to present at the Massachusetts Energy Summit in Worcester, sponsored by the Worcester Business Journal. My panel, “Energy Efficiency & Alternative Energy Solutions: How to Drive Further Improvements in Your Organization” was moderated by David O’Connor of ML Strategies and was comprised of four speakers: Galen Nelson, Massachusetts Clean [...]
Demand Response Acquisitions May Not Help Large Energy Consumers
NRG’s 2013 acquisition of ECS is the latest in a series of purchases of pure play Demand Response providers that is helping retail energy providers (REPs) shore up their demand side management offerings. NRG is following in the footsteps of competitors Constellation Energy Group, which bought CPower; Honeywell International, which purchased Akuacom; and Johnson Controls, which acquired EnergyConnect back in 2011.
Blowin’ in the Wind: A Closer Look at Mass. Utilities’ Big Wind-Power Purchase
I was interested to see the recent Boston Globe story, “Wind Power Now Competitive With Conventional Sources,” about the purchase of 560 megawatts of wind power by MA utilities. It’s fascinating to see wind power emerging as a competitive, viable power source. Regardless of how you feel about a public utility’s role in supporting privately [...]
ReCharge NY – An Energy Program Worth a Closer Look
Overview ReCharge New York (RNY) is a New York State economic development power program for qualified businesses and not-for-profit corporations. It went into effect on July 1, 2012, replacing the Power for Jobs program. RNY is designed to retain and create jobs through allocations of low-cost power. For example, an applicant’s risk of closure, number [...]
Technical Analysis
Since our last report posted on September 5th, 2013, natural gas continued higher as yet another bull flag unfurled itself and propelled prices to a level of $3.80 MMBtU. This was last achieved in late fall 2012.. [...]
Hot Off the Press: Energy in the News
Energy remains a hot topic this summer, and this week is no exception. Direct Energy announced it has agreed to acquire the energy marketing business of Hess. According to sources at Direct, the combined assets of the two companies will make Direct Energy the largest supplier of gas to businesses on the East Coast and [...]
Signs Things Could be Getting Even More Interesting in Electricity Deregulation
A recent conversation I had with the president of an influential membership-based organization had me contemplating the history of U.S. electricity deregulation and where it is heading next. The marketplace was in its infancy in 1996 when I helped close the first electricity competitive supply deal as part of the New Hampshire Retail Competition Pilot [...]
Seeing Is Believing: Energy Auctions Win New Admirers
We love to see new talent hit the ground running here at World Energy. Our newest member of the LCI (large commercial & industrial) sales team joined us from a major competitor, and he’s gotten off to a quick start with significant customer wins in Maryland and Michigan. We had a chance to catch up [...]
