The price of gas fell significantly yesterday, but moved up near the end of the day to only close down 6 cents at $2.626/MMBtu. With the spring coming and milder temperatures expected, futures prices are expected to remain stagnant for the coming days and possibly drop further in the future. Currently gas is trading down 2.5 cents at $2.59/MMBtu. [...]
Glad to see some analysis from BostInno that refutes Wired’s sensational “cleantech bust” assertion. To me, the problem with the cleantech sector is the name itself, and that people seem to think that since it says “tech,” the sector can have an adoption curve that resembles web-based contagion. It staggers me that Facebook has more [...]
The EIA reported a 78 Bcf withdrawal in natural gas storage for the week ending 2/3/2012, below analysts’ predictions of a withdrawal in the 80 to 135 Bcf range. Working gas in storage was 2,888 Bcf as of Friday, 714 Bcf higher than last year’s 2,174 Bcf stock and 714 Bcf above the 5-year average of 2,174 Bcf. [...]
Since our last report posted on December 28th, Natural Gas prices suffered a mini-crash as prices fell from 3.00 to 2.67. While technically, the chart already displayed a very bearish picture, it was the confluence of two fundamental factors that kicked NG off the ledge. [...]
Earlier today, we announced World Energy has been selected by NSTAR to provide efficiency services to businesses as part of its Direct Install program. This is an important development for NSTAR, small C&I customers in the NSTAR territory and, of course, World Energy. NSTAR, and in fact all the utilities who offer these kinds of [...]
I recently led a well-attended webinar for Demand Response participants in the PJM region. Its intent was to inform people about the implications that are occurring as a result of PJM’s transition to a “capped” or “pure forward capacity” market. In short, there is only so much capacity available at certain price levels on an [...]
When I saw our recent GSA press releases, highlighting the successful procurement of more than one billion kWh of power and the wonderful results generated by textbook supplier bidding behavior, I immediately thought of a collateral piece produced by a prominent competitor of ours about how auctions don’t work. It was entitled “A Tool with [...]
Natural gas prices dropped to a 28 month low yesterday, following the release of EIA data showing storage levels significantly above five-year average levels. Warm weather across the country has lowered demand while output levels are at record highs due to new supplies from shale formations. There is considerable speculation that these factors could continue [...]
If you care about saving your company money on energy costs this year, or know someone who does, you owe it to yourself to read Eric Bloom’s post, “Procurement Arrives in the 21st Century.” Eric is an analyst at Pike Research, one of the few industry analyst firms that gets that there is an energy [...]
Folks interested in an overview of the energy management/energy services space and the publicly-traded companies that play there would be well served to read the series of articles Tom Konrad has developed for Forbes. An easy way to enter that series is through his concluding piece, “Stock Picks with a Whole Systems Approach,” which includes [...]
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