Energy Market Snapshot: Sept. 3, 2024

Natural Gas Market Update: Cooler Temps Bring Storage Boost Supply Holds Steady as Injections Pick Up Natural gas supply remained stable at around 102.0 Bcf/d this past week. The cooler second half of August has recently led to stronger storage injections, with five of the last six injections approaching the five-year average. Last weekโ€™s EIAโ€ฆ

TPI Efficiency Adds New Chief Financial Officer

August 21, 2024 Clevelandโ€”TPI Efficiency, a leading energy broker and efficiency consulting company and part of the ScaleCo Fund IV, is pleased to announce Joe Kennedyโ€™s appointment as its new Chief Financial Officer. In this role, Mr. Kennedy will drive sales growth, develop and execute sales strategies, and expand the companyโ€™s customer base. โ€œI amโ€ฆ

Energy Market Snapshot: Capacity News-August 19, 2024

2025/2026 Capacity Auction Results Impact on Electricity Costs: The capacity charge portion of your electricity rate will see a sharp increase in June of 2025 through May of 2026 due to a record high capacity auction this past July. This change will affect all future and existing contracts. Contract implications: Suppliers do not normally passโ€ฆ

Energy Market Snapshot: Aug. 5, 2024: Capacity Auction News

2025/2026 CAPACITY AUCTION RESULTS The recent PJM capacity auction resulted in a significant price surge to $269.92 per megawatt-day, nearly tenfold last yearโ€™s increase. This affects 135,684 MW of capacity for June 2025-May 2026, with a diverse mix of gas, nuclear, coal, and renewables. Higher demand and market reforms are driving these costs. Businesses acrossโ€ฆ