Weather Outlook Summer 2022
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By Max Webb, Managing Director of Pricing Analytics
In the blink of an eye, we’re already through Memorial Day heading full steam into summer. Thoughts of vacation plans, school break, and lazy afternoons at the beach come to mind. What also comes to mind is hot weather. You may be already asking yourself, how hot (or mild) will this summer be? or when is it going to be hot so I can plan my trip to the beach? What you should also be asking yourself is: am I prepared for the summer from an energy perspective? Lucky for you, I will try to answer those questions in this article as well as provide some tips and resources to get your summer energy plan ready.
Without further ado, let’s dive into a few summer forecasts. As a brief disclaimer, it’s always good to take these longer-term forecasts with a grain of salt. While long term modeling and forecasting has improved over the years, it can still be difficult to nail down specifics far in advance. Mother nature has a mind of her own.
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CES Self-Help Demand Response: PREDICTING THE PEAK
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If you’re looking to turn utility liabilities into opportunities, look no further than your electric bill. Now, what does that exactly mean for your company or business? Simply put there’s a tremendous savings opportunity for every one of us centered around a few hours of thoughtful action during the summer months. By monitoring upcoming ISO New England (ISONE) forecasts, CES consistently informs clients about the probability of an ensuing electric grid peak that can save companies five to six figures on energy bills (depending on electricity consumption). To explore what these few summer hours can mean to your business, it’s important to realize the value of CES’ peak week analysis.
Figure 1 represents a “CES Peak Week Analysis” showing a customer’s hourly load profile across the week surrounding the 2021 ISO-NE system peak....
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On Wednesday, May 4, a contingent of Competitive Energy Services team members toured Mitsubishi Corporation’s New England Headquarters in Southborough, Massachusetts.
Mitsubishi Corporation (Americas) is a wholly owned subsidiary of Mitsubishi Corporation, a global integrated business enterprise with 10 business groups that operate across virtually every industry. The CES team was interested in learning about Mitsubishi's existing and next wave of heat pump technologies, including air-source heating/cooling systems and domestic hot water systems. Mitsubishi experts provided CES a detailed presentation about their heat pump technology and how they think about deploying heat pumps in various commercial and industrial applications.
"As the New England states advance electrification efforts in the coming years, CES is talking with equipment manufacturers such as Mitsubishi to make sure we're up to speed on the latest heat pump technologies and heating/cooling systems. As our customers contemplate including these technologies in renovations, retrofits, and new construction, our efforts will ensure that CES can effectively advise our customers on all aspects of building electrification,” said Eben Perkins, Vice President, Consulting, Competitive Energy Services
CES is grateful to the Mitsubishi team for the opportunity to visit and to spend the day learning about advances that will inform their daily work, benefit clients, and that will positively create new, globally sustainable businesses.
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CES Annual Seminar Round-Up
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On Wednesday, May 18, CES hosted an energy seminar titled “Winter & Preparing for Winter: The Two Seasons of New England Energy.” The seminar covered timely and important topics that impact our clients in New England, including volatile world energy markets, worldwide energy shortage, global unrest, the future of electricity and renewables, grid pathways and the importance of long-term planning – and, finally, the ultimate impact of it all on future New England winters.
Below is a link to the 2022 Seminar, which can be found on the CES YouTube Channel and on our website, along with other CES University educational content.
Thank you for considering CES your trusted energy partner. We’re grateful to everyone who joined us this year and we look forward to continuing to dialogue with you about energy topics that interest and impact you. Our top priority every day is helping clients achieve their energy and sustainable goals.
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Living in picturesque New England is often considered an idyllic experience – at times, interrupted by the wrath of Mother Nature. Floods, hurricanes, blizzards, ice storms, tornadoes, drought, and wildfires have all ravaged the New England region over time. Historic Disasters of New England tells the stories of the biggest and most disastrous natural calamities to have struck the region, including:
* The 4-state tornado swarm of 1787
* The October Gale 1841
* The Great Blizzard of 1888
* The Heat Wave of 1911
* The Great Molasses Flood of 1919
* The "Long Island Express" Hurricane of 1938
* The Twin Hurricanes of 1954
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If you have a pressing energy question, or would like to hear about a particular topic in a future edition of the CES Insider, please contact us on our website today. We look forward to hearing from you! |
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