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Archive for August, 2010

Wind Energy RECs Can Help With Sustainability Goals

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Steve Krotonsky addressed Goodwill® Retail Awards Luncheon attendees on Aug. 10, 2010 in Atlanta, Ga.

By Steve Krotonsky
Chief Operating Officer, Goodwill Industries International

Recently, Goodwill Industries International (GII), entered into a two-year purchase agreement with Constellation NewEnergy that will allow us to extend our commitment to environmental sustainability and support clean, renewable energy sources. The electricity purchased to power our office in Rockville, Md., will be matched with the purchase of Green-e Energy certified renewable energy certificates (RECs) from…
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New Coalition to Support Electric Choice in Michigan

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This week, an announcement hit the airwaves regarding the launch of Electric Competition for Michigan NOW!, a new coalition of customers, suppliers, and trade associations in support of raising public awareness about increasing the current 10 percent load cap on electric choice in Michigan.

Since the bill for the 10 percent cap was adopted into legislation almost two years ago, electric rates have increased significantly, with more rate increases anticipated from utilities. Michigan lawmakers are currently considering bills introduced earlier this year in both the House (HB 6127) and Senate (SB 1317), which propose expanding the electric choice…
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Heat Rates Widen as Gas Prices Fall

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With prompt month natural gas trading below $4 for the first time since May and the 2011 calendar strip making new lows as it currently trades below $4.65/mmBtu, it would seem logical for electricity prices to follow a similar percentage decline. 

However, even with power prices at six year lows, they still have not fallen nearly as quickly as gas.  This is due to support from higher Central Appalachian coal prices found in Southeast and Midwest markets.  As a result, heat rates (HR) are widening in regions where coal is still a major driver of power prices, especially in off peak hours. …
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Why Electricity Customers in Pennsylvania Should Consider Hourly Vs. Forward Pricing This Fall

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As temperatures and the humidity indices have skyrocketed to above-normal levels throughout most of this summer, demand for electricity and the hourly wholesale price can also increase. During a heat wave, Pennsylvania business customers shopping for competitive electricity supply may be tempted to put off the decision to lock in supply.

But that may be a mistake. Today’s temperature and even the forecast in the upcoming fall months have little impact on future energy prices related to a long-term contract.  

Forward prices are determined by expectations for the future supply and demand of electricity based on economic trends…
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Ten Private Schools in Maryland Utilize Energy Strategy to Power Facilities

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As schools nationwide begin a new year, it's not too late to start thinking about long-term energy strategy.

The end of August is approaching quickly and back to school shopping is in full swing. As schools around the nation gear up for the new academic year, Roland Park Country School and the nine other private schools in Maryland recently agreed to receive electricity supply from Constellation NewEnergy for the next two years.  

By engaging in a long-term energy strategy and locking in a competitive rate…
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Crude Oil Following Equity Market Movements

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Typically crude oil and stock markets are not strongly correlated as stocks are priced off corporate earnings and oil is typically driven by supply and demand fundamentals. 

The historical correlation between the equities and oil has traditionally been 0.1% but has recently risen to 70%, doubling the average of 34% since 2008. The crude and equity market correlation began as all markets were jolted in late 2008 by the same broader economic conditions but has increased since the spring of this year. The influence of stocks on oil became increasingly evident in recent weeks as oil managed to rally despite…
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