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September 2023

Key Takeaways

WTI closed at $82.84/Barrel last week, up 2.8% from a week ago, and Brent closed at $86.59/Barrel, up 2.4% week-over-week. After an extension of OPEC+ supply cuts through the end of the year, crude oil prices climbed to a nine-month high. Natural gas prompt month futures saw a 0.16% decrease week-over-week to land at $2.61/MMBtu. This week, we saw natural gas production remain above 100 Bcf/d and decrease slightly to 102.6 Bcf/day, down from 102.2 Bcf/day the week prior. Electricity prices have seen losses over the past week, with the NEPOOL 12-month down 4.2% week-over-week, settling at $64.49/MWh. On Friday, ISO-NE reported that loads peaked at 23,521 MW hour ending 18 on Thursday, September 7, likely establishing the peak load for the summer. 



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WHY IT'S IMPORTANT TO TRACK, AUDIT, AND REVIEW UTILITY INVOICES


By Keith Sampson, Senior Vice President, Energy Services

Edward “Teddy” Storrs, Energy Services Advisor

Do you find it difficult to read your utility invoice and decipher exactly what you’re paying for each month? It’s a common problem that can inadvertently come with a large price tag. At Competitive Energy Services (CES), we know the challenge of fully understanding utility invoices. We are experts at decoding utility invoices and have a number of resources to assist our clients. In this blog....


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Save the Date CES In-Person Fall Seminar

Hold onto your broomstick! Competitive Energy Services (CES) in-person Seminar returns this October. In the spirit of the season, we look forward to taking the spooky out of the energy markets for you. Join us for ”Markets Can Be Wicked: Taking the Fright Out of Energy Uncertaintyand connect with CES Energy experts who will be on hand to cover top-of-mind energy topics.

 

Date

Tuesday, October 24, 2023

 

Time               

1:00 p.m. (Registration & Meet and Greet)

2:00 – 5:00 p.m. (Program)

 

Location       

University of Southern Maine

Albert Brenner Glickman Family Library

314 Forest Avenue, Seventh Floor

Portland, ME 04101

 

For questions, more information, and to register, please contact Nina Callanan, Managing Director of Marketing, at ncallanan@competitive-energy.com or click on the link below.

 

We look forward to seeing you! 

REGISTER

Staff Pick Edward "Teddy" Storrs

Rambunctious Garden: Saving Nature in a Post-Wild World

by Emma Morris

A paradigm shift is roiling the environmental world. For decades people have unquestioningly accepted the idea that our goal is to preserve nature in its pristine, pre-human state. But many scientists have come to see this as an outdated dream that thwarts bold new plans to save the environment and prevents us from having a fuller relationship with nature. Humans have changed the landscapes they inhabit since prehistory, and climate change means even the remotest places now bear the fingerprints of humanity. Emma Marris argues convincingly that it is time to look forward and create the "rambunctious garden," a hybrid of wild nature and human management. Rambunctious Garden is short on gloom and long on interesting theories and fascinating narratives, all of which bring home the idea that we must give up our romantic notions of pristine wilderness and replace them with the concept of a global, half-wild rambunctious garden planet, tended by us. (Excerpted from Amazon.com Review)

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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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