CES Market Summary/December Insider

December 2023

Key Takeaways

Oil prices dropped to their lowest point since early July this week after experiencing significant week-over-week losses. The rolling 12-month price strip for Brent closed at $74.13/barrel last week, 7.18% lower than a week ago. Natural gas prompt month futures saw a 4.8% decrease week-over-week to land at $2.59/MMBtu. Spot prices at Algonquin Citygate hub rose to a high of $13.13/MMBtu on Tuesday. Electricity prices fell over the past week, with all calendar strips seeing decreases, while higher December 2024 prices had the NEPOOL 12-month strip increasing 4.7% week-over-week, settling at $59.34/MWh. Milder temperatures forecast for the coming weeks are likely to put downward pressure on prices.

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CES Energy Insights: A Look Back on 2023

By Nina Callanan, Managing Director, Marketing & Communications

With the new year on the horizon, join us for a quick look back on 2023 as we revisit some of the content that we created with you in mind.

CES Insights is a dedicated space where we continue our commitment of sharing industry news and expertise with our clients and friends. This content focuses on client questions and needs and pertinent energy topics of the day....

Future of the Maine Electric Grid Eben Perkins WERU 89.9 Podcast

Last month, Competitive Energy Services’ Eben Perkins, Vice President, Consulting, spent time talking energy on Bangor’s solar-powered WERU 89.9 FM’s podcast with Producer/Host, Steve Kahl, who also serves as Professor of Science at Thomas College, where he teaches environmental and energy courses.

Eben manages CES’ consulting practice, helping customers complete targeted energy market assessment, understand state and federal legislation and regulatory activity, evaluate on-site and offsite project opportunities, and develop long-term strategic plans for energy infrastructure investment for their facilities.

WERU’s podcast regularly covers energy policies, technologies, and solutions that impact future energy choices for homeowners and businesses. Together, Eben and Steve discuss the future of the electricity grid, who owns it, microgrids, the future of distributed energy, and more.

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Photo by: Nejc Soklic

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