Posts Tagged ‘Electricity’
Day-Ahead and Real-Time Pricing During a Heat Wave
PJM operates two markets for energy, the Day-Ahead (DA) Market and the Real-Time (RT) Market. PJM’s Day-Ahead Market is a forward market in which hourly LMPs (locational marginal prices) are calculated for the next operating day based on generation offers, demand bids, and scheduled bilateral transactions. PJM’s Real-Time Market is a spot market in which…
Read MoreEnergy Prices Always Go Up (Part 4)
As discussed several times previously on this blog, there is a common perception that energy prices always go up. We have examined both natural gas prices (read hereand here) and electricity prices (read here). In this post, we look again at electricity prices–specifically, how they behaved in PJM last year. PJM zonal day-ahead load weighted…
Read MoreAvalon Energy Services Completes New Energy Supply Contracts on behalf of Donohoe Real Estate Services
BETHESDA, Md., May 14, 2013 – Avalon Energy Services, the Mid-Atlantic’s leading energy consulting firm, announced today that they successfully completed an electricity procurement for 19 commercial real estate properties managed by Donohoe Real Estate Services. The properties are located in Maryland and the District of Columbia. Under the new contracts, the properties will save…
Read MoreWhat Does a Superstorm Look Like?
In previous blog posts, we have examined how weather and other events affect electricity prices. What Does a Derecho Look Like? What Does a Warm Day Look Like? What Does an Earthquake Look Like? We continue this series by looking at how Superstorm Sandy impacted electricity prices in the PJM service area. After marching northward…
Read MoreBest Friends? – Natural Gas and Electricity Prices – An Update
By David White In a post from January 2012, the declining correlation between the price of natural gas and the price of electricity was explored (click here). At that time, the correlation between the two was declining as a result of the greater recovery in electricity prices relative to those of natural gas. The graphs…
Read MoreWhat Does a Derecho Look Like?
Late Friday, June 29, 2012 a destructive set of thunderstorms swept through the Mid-Atlantic region. With winds of up to 80 mph, the storms produced extensive damage and left several million utility customers without electricity. The National Weather Service (NWS) refers to this kind of fast-moving, long-lived, large, and violent thunderstorm complex as a “derecho.”…
Read MoreWhat does a warm day look like?
What does a warm day look like? Here are several ways of looking at one particularly warm day – June 21, 2012. The blue line on the graph below shows instantaneous electricity demand in PJM (see note 1). Electricity demand ebbed to 88,367 megawatts at 4:25 AM and then began to rise as temperatures in…
Read MoreAvalon Energy Services Completes New Energy Supply Contracts on Behalf of Clarion Partners
Avalon Energy Services recently completed an electricity procurement process for five properties in Washington, DC owned by Clarion Partners, LLC. Under the new supply contracts, the five buildings will pay 27% less, in aggregate, than what they currently pay under existing contracts. Avalon Energy Services’ press release related to this was picked up by a…
Read MoreEnergy Prices Always Go Up (continued)
As discussed on this blog, there is a common perception that energy prices have been, and continue to be, on a one way path upwards. In previous posts we focused on natural gas and showed that rather than rising, natural gas prices have, in fact, fallen dramatically, over both the short run and the long…
Read MoreCape Wind
It was recently reported that a power purchase agreement between National Grid and Cape Wind was approved by the Massachusetts Supreme Judicial Court. National Grid is committed to purchasing half of the output of the project at a starting price of 18.7 cents per kilowatt-hour. This price will then escalate 3.5% per year for 15…
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