CES Market Summary/March Insider

March 2025

Key Takeaways

Brent closed at $74.04 per barrel last week, down 0.5% week-over-week. WTI fell 0.9% week-over-week to $69.76 per barrel. On Wednesday, Trump announced he would revoke Chevron’s 2022 license to operate in Venezuela’s oil sector. The NYMEX prompt month fell by $0.40 week-over-week to $3.83/MMBtu, a 9.4% decrease. The rolling 12-month strip dropped $0.17 week-over-week to $4.32/MMBtu, a 3.8% fall. High heating demand from below-average temperatures across the United States put upward pressure on natural gas prices. The NEPOOL 12-month electricity strip was down 4.96% week-over-week to $71.11/MWh. The 2026 calendar year electricity strip decreased while the 2027 and 2028 strips increased in price week-over-week.

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LARGE BUILDING ORDINANCE REQUIRE-MENTS: MA'S GROWING MOMENTUM TOWARD CARBON NEUTRALITY

By Emmett Burns , Associate Manager of Analytics

In recent years, in regions with carbon reduction goals, incentive policies and falling renewable technology costs have resulted in reduced electricity sector carbon emissions. Transportation emissions have also declined because of electrification and improved fuel efficiency. Now, many local and state governments across the country have set their sights on building emissions as the next meaningful target to continue to reduce emissions in our cities....

NEWS | No New England Forward Capacity Auction This Year?

By Simon Pritchard, Managing Director of Analytics

As regular readers of the Competitive Energy Services Insider Newsletter may recall from past years, the March-April newsletters typically feature an update on the latest New England Forward Capacity Auction (FCA). The FCA is the process by which the New England regional grid operator, ISO New England (ISO-NE), procures enough electricity generation capacity to meet projected grid loads three years into the future. For some generation resources with high operating costs that limit their ability to run outside of only peak periods where high wholesale electricity prices make them cost competitive, the Forward Capacity Market and Auction offer an added revenue source to help keep them operational, paying for them to be available for those limited circumstances where they may be needed to meet demand....

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Staff Pick Simon Pritchard

The Massachusetts Utility Regulator Trying to Orchestrate a Shift Away from Gas

https://files.slack.com/files-pri/T060R6QDQ-F08EW11357B/the_massachusetts_utility_regulator_trying_to_orchestrate_a_shift_away_from_gas

https://www.volts.wtf/

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