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City of Philadelphia Releases 2019 Energy Benchmarking Report

May 11, 2020

The city of Philadelphia has released their 2019 report on the energy benchmarking that has been submitted by all buildings over 50,000 square feet. The Key Findings from the report are:

  • Since 2013, there has been at least a 12% reduction in total greenhouse gas emissions from buildings participating in the program.
  • Since 2013, Philadelphia’s benchmarked buildings have demonstrated a 5% reduction in overall energy use and over half of all buildings reported every year have achieved energy savings.
  • Since the start of the program, there has been a 53% growth in nationally recognized energy efficient buildings.
  • The three building sectors with the largest contribution to GHGs are Colleges/Universities, Offices, and Multifamily buildings.
  • The average building in Philadelphia is performing slightly better than the national median with an ENERGY STAR score of 55; however, thousands of buildings fall below this score, demonstrating the opportunity to improve energy efficiency in our city’s building stock.

To read the report in its entirety, please visit the city’s website here.

City of Philadelphia Releases 2019 Energy Benchmarking Report

May 11, 2020 The city of Philadelphia has released their 2019 report on the energy benchmarking that has been submitted by all buildings over 50,000 square feet. The Key Findings.

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New York PSC Adopts Emergency Order Concerning ESCO Imbalances

March 31, 2020

The New York Public Service Commission has adopted an Emergency Petition filed by Central Hudson Gas & Electric for temporary tariff amendments “to ensure the safety and reliability of the natural gas distribution system.” The need for this stems from decreased electricity and natural gas usage due to the COVID-19 pandemic and the stay-at-home issues ordered.

Under the PSC’s order, Central Hudson will:

  1. Temporarily waive daily imbalance penalties for Retail Suppliers delivering outside the prescribed deadband, and
  2. Adjust the Index pricing applied to Retail Suppliers’ over- and under-deliveries such that the average of the existing Index prices be used for both over- and under-deliveries, effective April 1, 2020 and until such time that the Governor’s Executive Order is lifted.

For more information on this, contact your Stanwich Energy representative today. You can also read additional information from the PSC here.

New York PSC Adopts Emergency Order Concerning ESCO Imbalances

March 31, 2020 The New York Public Service Commission has adopted an Emergency Petition filed by Central Hudson Gas & Electric for temporary tariff amendments “to ensure the safety and.

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ISO New England’s Capacity Market Closes at Historical Low

February 10, 2020

Last week, ISO-NE’s capacity market closed at $2.00/kW-month, which is down dramatically from the $3.80/kW-month that was seen a year ago. This closing price is the lowest that has been seen in the 14 years of the Forward Capacity Market auction program.

Monday’s auction resulted in a commitment of 33,956 MW of energy capacity, out of the total participation of 42,219 MW. These commitments will be available in 2023-2024.

Finalized auction results will be filed by ISO-NE to the Federal Energy Regulatory Commission by the end of the month.

For more information, see the ISO-NE details here.

 

ISO New England’s Capacity Market Closes at Historical Low

February 10, 2020 Last week, ISO-NE’s capacity market closed at $2.00/kW-month, which is down dramatically from the $3.80/kW-month that was seen a year ago. This closing price is the lowest.

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Public Service Commission Approves Rate Increase for Con Edison Customers

January 20, 2020

The New York State Public Service Commission (PSC) has approved Con Edison’s request for a rate increase on both electricity and natural gas, but at lower increases than Con Edison originally applied for. The three-year rate change will have large commercial customers seeing the following increases in their delivery costs.

  • 2020: 2.4% increase
  • 2021: 6.5% increase
  • 2022: 5.6% increase

The rate increase will be primarily used for two purposes. First, it will fund investments in system-wide resiliency projects that aim to deal with more frequent extreme weather events. Second, it will be used to build infrastructure that helps transition the grid away from fossil-fuels and toward renewable sources. Con Edison says that this increase is essential for helping New York State’s Reforming the Energy Vision (REV) plan.

For additional information on how this increase will affect your properties specifically, please reach out to your dedicated Stanwich Energy Advisor.

For additional details on the rate increase, please see the official PSC approval here.

Public Service Commission Approves Rate Increase for Con Edison Customers

January 20, 2020 The New York State Public Service Commission (PSC) has approved Con Edison’s request for a rate increase on both electricity and natural gas, but at lower increases.

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PSE&G, Penelec, Met-Ed Announce NITS Increase

November 4, 2019

PSE&G, Penelec, and Met-Ed have announced their new NITS rates for January 2020, with significant increases.  PSE&G NITS prices are increasing 31%, while Penelec and Met-Ed increased 29%.

PSE&G’s NITS rate will jump to $156,503.24 per MW/year, and the rate will go into effect in January 2020.

The impact of this NITS rate escalation is significant. While the exact increase will vary by customer, we are expecting the increase in cost to range from $.005 to $.01 per kWh).

The Network Integration Transmission Service (NITS) charge refers to PJM’s transmission rates that are regulated by the Federal Energy Regulatory Commission (FERC) and will apply market-wide to all retail electricity suppliers, including default service suppliers.

In nearly all deregulated energy markets, these charges are typically included on an all-in fixed supply contract.  If there is an increase in NITS charges, suppliers are required by FERC to pass that cost onto the customer, as it must be remitted back to the governing body.  All supply contracts have a change-in-law / regulation clause which describes this pass-through.

For more information, please review the links below and reach out to Stanwich Energy Advisors to discuss additional details.

 

Current Rates

PSE&G New Rates

Penelec and Met-Ed New Rates

PSE&G, Penelec, Met-Ed Announce NITS Increase

November 4, 2019 PSE&G, Penelec, and Met-Ed have announced their new NITS rates for January 2020, with significant increases.  PSE&G NITS prices are increasing 31%, while Penelec and Met-Ed increased.

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Repeal of NY Sales Tax Exemption Takes Effect

June 1, 2019

Governor Cuomo’s repeal of the sales tax exemption on all electricity and natural gas customers who purchase their energy from a third party energy company has taken effect today.

On electricity and natural gas bills today and in the future, customers will notice a change that will increase the delivery portion of customers’ utility bills by 4.375% in New York City. In certain areas of upstate New York, that increase could be as high as 11.375%.

This repeal was included in the New York State budget that was approved in March of this year. For additional information, please see the full details of the budget here.

Repeal of NY Sales Tax Exemption Takes Effect

June 1, 2019 Governor Cuomo’s repeal of the sales tax exemption on all electricity and natural gas customers who purchase their energy from a third party energy company has taken.

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