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Weekly Energy Market Update August 12, 2013

Posted August 13, 2013 | By Hans Rottmann

Please visit the Direct Energy Business online customer education center, Energy Insights, to view my Weekly Energy Market Update video for August 12, 2013. 

The following is a summary of last week’s market activity and the market outlook

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ERCOT comes close to all-time peak energy demand

Posted August 12, 2013 | By Mike Krygowski

I recently read an article about ERCOT coming close to its all-time peak demand last Wednesday as it saw the third highest level of use, according to the ISO. According to the article, demand maxed out at 67,180 MWs from 4 to 5 PM, but ERCOT experienced no problems meeting that level of demand with over 74,000 MWs of supply available, including 2,300 MWs of wind power. This was the highest level of demand in 2013 so far, due to it being a rather mild summer.

What does this mean for business customers?

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Businesses: Managing your energy may help your bottom line

Posted August 9, 2013 | By Theresa Wilson

Sometimes it pays to shake up the way you think about your business. And managing your energy is one easy way to help your bottom line. This article published on Manufacturing.net explains some of the ways to combat “business as usual”, which can be taking away from your bottom line.

How much money is the status quo costing your business? When you look at how you do business and how that impacts your electricity usage and spend, you start to realize that sometimes ‘business as usual’ can be taking away from your bottom line.

Manufacturers can make an immediate impact by better managing their energy costs. Demand, in terms of electricity, is the instantaneous consumption of electricity. Your usage is the sum of demands over a period of time. Demand management is the act of controlling, through various means, how and when you use your electricity.

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Direct Energy comments about Pennsylvania coal plant closures

Posted August 8, 2013 | By Hans Rottmann

Yesterday, the Pittsburgh Business Times published an article about the latest comments from FirstEnergy’s CEO regarding the upcoming closures of two Pennsylvania coal plants. We posted about those closures on this blog, but I want to take a brief moment and comment about the impact of these closures. Quote is derived from the news article.

Beginning in 2015 with a gradual phase-in, the EPA will begin to implement the Mercury and Air Toxics Standards, or MATS. One of the primary intentions of MATS is to reduce mercury emissions from electricity generation plants that burn coal. Beyond the environmental impact of the rules, the impact on jobs and regional utilities in coal country has been widely discussed. The Pittsburgh Business Times article provides insight into the specific impact of the expected closure of two plants in Southwestern Pennsylvania (Mitchell and Hatfield Ferry Power Stations) by FirstEnergy, the Akron, Ohio-based company that operates through much of the PJM region.

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Summer Energy Outlook

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Be ready for warmer weather. See what weather is trending for summer months and find out how this might impact energy prices

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DIY Energy Audit

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Is your small business wasting energy? Find out by completing your own energy audit. It’s easy!

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