With Summer Around The Corner and Energy Prices More Volatile Than Ever, Here Are A Few Strategies To Consider To Gain Control Of Your Energy Spend:

If you haven’t already, explore energy efficiency, LED updates or solar opportunities to help reduce overall consumption and peak energy usage.

Many suppliers have on-bill funding options with no upfront capital expenditures for energy-savings products. Your TPI Energy Consultant can help you navigate those options.

TPI encourages all our customers to sign up for our peak demand email alerts.

These alerts were developed to help our electricity clients plan for curtailing during high-demand periods if they have index price exposure or during potential peak events this summer to reduce future capacity
costs.

And, if you aren’t already participating in a demand response program, contact your TPI Energy Consultant today for details about our program!

>> Sign Up Here For TPI’s Peak Demand Email Alerts <<

Consider a managed approach to buying energy and a longer time horizon to take advantage of opportunities. Some specific considerations:

Prompt month NYMEX natural gas prices reached $8+/MMBtu recently and have been trading in the $6-$8 range. If we offered customers $4.25 natural gas today for 2022 and 2023, we’d have a line out the door to sign up for that. If you would be in that line, it’s worth considering taking a
slice (%) of 2024, 2025, or 2026 at $4.25, which you can still do.

The same principles apply to power curves: take advantage of lower prices further out, to gain some small victories ahead of the curve. This also allows you to take advantage of any dips that may occur while also reducing risk if prices continue to increase. Blending higher rates with lower rates averages out to a better price.

If you have open positions in 2022 and 2023, don’t forget:

• How early “winter jitters” started last fall, leading to a fall rally in September.
• Hurricane season, which generally drives price volatility, peaks during the first week of September.
• Storage worries have already started for the coming winter, and if deficits are maintained or worsen, those winter worries could be exacerbated this fall.