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Retail Energy Strategy
Trevor Safko, Analyst, GP Energy Management
August 22, 2018
One of the foundational attributes of deregulated electricity markets is consumer choice. Retail Electric Providers (REPs) offer end-users choice in how they source the power flowing into their homes and businesses. Historically, technical metering limitations, Electronic Data Interchange (EDI) support and...
Esshu Maru Vessel, Genscape's Vesseltracker
Charlie Cone, LNG Analyst
August 20, 2018
Introduction On August 3, 2018, the Chinese government announced a plan to implement tariffs against the United States, including a 25 percent penalty on Liquefied Natural Gas (LNG) imports. The question facing the market is, will the escalating “Trade War” put upcoming U.S. liquefaction...
Staying Flexible: How Load Profiling Can Unlock Complex Rate Structures for Retail Supply
Trevor Safko, Analyst, GP Energy Management
August 16, 2018
Load profiling, or distributing the variation in electrical demand/load over a specific time period, continues to play an important role in retail energy markets. For over a decade, utilities profiled metered monthly usage to bridge the gap between end user consumption and wholesale energy settlements. As...
solar panels and rocky mountains
Ross Fessenden, Power Market Analyst, Adrienne Horne, Project Manager & Eldon Lopes, Meteorologist
August 14, 2018
Motivation The California Independent System Operator (CAISO) market saw more hours with energy prices below $0 in 2017 than any year since 2012, continuing a trend seen in recent years. The ongoing influx of solar generation in the region is the main catalyst for more frequent negative pricing during...
Suzanne Danforth and Jodi Quinnell, Genscape Oil
August 09, 2018
Diesel demand in the U.S. Gulf Coast (PADD 3) has shown remarkable year-on-year growth in 2017 and 2018, according to Genscape Supply Side data, linked to the resurgence in Permian Basin crude oil production. However, this year-on-year diesel demand growth slowed in May and June as rig counts flattened. For...
Texas Power Lines
Matthew Boyda, Product Manager, Genscape
August 07, 2018
In 2018, the Electric Reliability Council of Texas (ERCOT) experienced a significant increase in congestion and energy prices. Compared to the previous seven years of Nodal implementation, there is at least two times the amount of total hourly averaged Real-Time (RT) shadow prices year-to-date. The market is...
Europe Heat Wave Pushes Spot Power Prices to New Highs
Victor Laurent, Product Specialist, European Power
August 07, 2018
Europe is set to experience one of its warmest seasons on record with temperatures reaching to highs of 40°C, 5-9°C above normal according to the Swedish Meteorological and Hydrological Institute. As a result, utilities are facing power generation challenges and the output of several conventional...
Why Commercial and Industrial Energy Users Need to Get Creative
Cy McGeady, Analyst, GP Energy Management
August 03, 2018
The GP Energy Management Team recently examined the energy procurement strategy of a large industrial company based in New York State. Our findings highlight exactly why these types of energy users need to consider new, more creative procurement strategies. Across a series of manufacturing facilities in...
nat gas pipeline
Rick Margolin, Senior Analyst, Natural Gas, Chris DaCosta, David Quinn, Eldon Lopes, CAISO Power
July 24, 2018
SoCal Citygate prices blasted to new record highs as another unique confluence of cross-commodity events hits the market. Natural Gas Intelligence (NGI) price data shows Monday's, July 23, 2018, SoCal Citygate cash picked up more than $25 from Friday, July 20, to reach $39.31, putting basis...
Amir Bornaee, EMEA Oil Market Analyst, and Genscape Maritime
July 13, 2018
Genscape Vesseltracker recently brought online 19 AIS antennas across the globe, including key port locations in the Middle East and Africa. The expanded network covers cities such as Djibouti, Istanbul, and Al Ahmadi. The AIS antenna data provides near-real time visibility into vessel movements, allowing...