Freedom Energy Newsletter | June 2024 New England’s Transition to a Winter Peaking System New England is expected to transition back to a winter-peaking system by 2032 due to the increasing electrification of heating demand. This shift follows decades of a summer-peaking system driven by the rise in air conditioning and reduction [...]
Freedom Energy Newsletter | June 2024 A 2024-2027 Overview: New England Futures Electricity and Natural Gas Price Summary Electricity prices in New England for 2025 increased from 5.4 cents to 6 cents in early 2024, following an eight-week upward trend. Prices for 2026 and 2027 initially traded higher than 2025 but later [...]
Freedom Energy Newsletter | June 2024 Annual System Peak Curtailment: Time for Peak Notifications Over the past decade, Freedom Energy’s Annual System Peak Notification Program has helped clients effectively manage electricity demand during the annual peak usage period. This is especially crucial because demand during grid-wide peaks significantly impacts clients’ capacity charges. [...]
Market Update New England Futures Electricity Prices Summary Published: April 15, 2024 As we look ahead to the winter of 2024-2025, understanding the factors influencing energy costs and weather patterns is crucial for effective planning. In recent years, the Northeast has experienced relatively mild winters, largely influenced by the El [...]
March 2024 Freedom Energy Newsletter New England Futures Electricity Prices Summary Howard Plante discusses the significant drop in the 2024 calendar year electricity price to a 24-month low of 4.99 cents per kWh, highlighting the influence of declining natural gas prices and mild weather on electricity price trends for 2024, 2025, [...]
March 2024 Freedom Energy Newsletter Natural Gas Prompt Price in Rare Territory Howard Plante, VP of Procurement, discusses the rare occurrence of natural gas prompt month prices dropping below $2 per million BTU, a level that has been breached only a few times since 2014. He highlights the market's self-correcting nature, [...]
Howard Plante Vice President of Procurement Freedom Energy Published: December 14, 2023 Introduction: The Rise of Renewable Energy Requirements Over the past several years, we have seen state and federal policies increase renewable energy requirements. Thirty-six states and the District of Columbia have established a Renewable Portfolio Standard (RPS) program. Twelve [...]
Howard Plante Vice President of Procurement Freedom Energy Published: December 14, 2023 Electricity Price Trends Across 2024, 2025, and 2026 In October, we reported that the 2024 calendar year electricity price average dropped to a 17-month low of 6.37 cents per kWh. In the subsequent weeks since the end of October, [...]
Howard Plante Vice President of Procurement Freedom Energy Published: September 19, 2023 Introducing Order No. 2023: Speeding Up Approvals On July 28, 2023, the Federal Energy Regulatory Commission (FERC) issued Order No. 2023 which brings sweeping reforms to the interconnection process for large electric generation projects (20 megawatts and greater) and [...]
Howard Plante Vice President of Procurement Freedom Energy In mid-2022 as the Russia – Ukraine war continued, futures electricity prices for 2023 and beyond followed a pattern of volatility driven by natural gas prices. Speculation remained high as we headed into the Fall, and utility electricity prices for January and February 2023 [...]
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