CBAI Electric Supply Contract Update -4/4/2023
Important information about the upcoming CBAI Electric Supply Contract renewal.
Federal grid regulator: Global issues, supply constraints driving higher power prices
Collinsville, Ill. (April 19, 2022) – Last week, the federal organization responsible for managing the electric grid announced the results of a power capacity auction that will increase capacity prices and may leave parts of Illinois short of the power needed to meet customer demand during extreme temperatures this summer.
The Midcontinent Independent System Operator (MISO) said that renewable generation – solar and wind – has not kept pace with the generation capacity lost as fossil fuel plants have retired, leaving the Northern Region short of the resources needed on peak demand days. The high clearing price from the MISO capacity auction could add as much as $13 per month to the supply portion of a typical customer's electric bill.
Energy Market Update 11-8-2021
NG '21 prompt-month opened at $5.605/MMbtu on Monday, November 8, up $0.10/MMbtu from last Friday's settlement.
WTI '21 prompt-month futures opened on Monday, November 8, at $81.13/bbl, down $.14/bbl from Friday's settlement.
Coal spot contracts (Central Appalachia) are trading at $79.05/ton, EIA reported on 11/05/2021, no change from week-ago prices.
Power grab: Company that promises 100% renewable energy wants to challenge APS, Tucson Electric
An electric company that provides 100% renewable energy wants to compete head to head with Arizona Public Service Co. and Tucson Electric Power, giving customers a choice in whom they pay for electricity.
America’s next hot import might be record energy prices
Today’s high energy prices could be a preview of coming attractions—a real horror movie if this winter is cold.
Benchmark U.S. natural-gas prices edged above $5 per million British thermal units this month, near their highest since 2014, but they are fairly tame compared with levels in Europe and Asia. The inventory situation seems less dire at home too as underground natural-gas storage grows. The problem is that seasonal stockpiling isn’t happening quickly enough, with inventories 7.1% below their five-year average and less margin for error.
Ameren takes a step toward smart EV charging—how will it work?
Ameren’s new EV charging rate is more predictable than Power Smart Pricing. That, plus the fact that it’s designed specifically for EV owners, may help encourage people to sign up. I expect the utility will probably come up with a catchy name for the rate, but for now, it’s listed as Rider EVCP, “Optional Electric Vehicle Charging Program.” The tariff includes separate programs designed for residential and non-residential customers. For this blog post, I’m focusing on the residential program.
