In ERCOT, energy users with “flexible loads” (i.e., folks that can dial back electricity usage on short notice) have a variety of demand response programs to choose from. These programs pay end users for their participation and performance and are designed to maintain reliability on the grid in times of stress. The causes for grid stress could include if either real-time energy demand is higher than what was forecast and/or because of delivery issues on the supply-side power resulting from forced outages at power plants, transmission lines, or both. Demand response is an energy management concept that has existed for over two decades and these programs are in use nationwide and around the world.
Recent posts by 5
4 min read
New York, like many states across the country, has a standard by which certain qualifying renewable generation assets are awarded one Renewable Energy Certificate (REC) for each MWh of electricity delivered to the grid. RECs provide two main functions to the market:
3 min read
Aluminum manufacturers are among the most energy-intensive industries in the world. In 2010, the process used by smelters to refine primary aluminum from bauxite ore consumed approximately 3% of the entire world’s electricity supply. The vast amounts of energy used in this process have driven many aluminum manufacturers to locate their plants in parts of the world where bauxite is plentiful and electricity is relatively inexpensive. Today, there is a new energy-intensive industry that is driving demand for more electricity supplies: cryptocurrencies. According to the Cambridge Center for Alternative Finance, Bitcoin alone, one of the most well-known cryptocurrencies, uses 110 Terawatt-hours of electricity annually, or 0.55% of global electricity supplies. The fact that cryptocurrencies can use more electricity than some small nations has motivated companies that mine Bitcoin to find host locations where electricity is reliable, plentiful, and inexpensive. Bitcoin, Ethereum, Dogecoin, and others have used record amounts of electricity this year, raising concerns around the amount of energy these monetary systems use and the amount of carbon used to supply their facilities.
Topics: Markets Demand Response Education Resiliency
3 min read
There’s nothing like ending the month with a bang, which seems to be the trend for the settlement of the NYMEX Henry Hub prompt month natural gas contracts over the last three months. For most of August, the prompt trading month (September) was slowly churning lower, see Figure 1. By the middle of the month, prices even fell below the $3.90 to $4.10 per MMBtu trading range that was established in late July.
Topics: Markets Natural Gas
2 min read
“Sue” is the nickname given to the largest and most complete T. Rex specimen ever found. Today, she has a place of distinction in the Field Museum of Natural History of Chicago. And while Sue most likely died 67 million years ago, she seems to have come to life again in the wake of the New Jersey Board of Public Utilities (NJBPU) TRECs program through its successor - “SuSI”.
1 min read
The Celestial Beerworks taproom and brewery provides an otherworldly experience for visitors in more ways than one. Since its opening in 2018, the Celestial team has skillfully combined their favorite things: art, science, and delicious, fresh beer…and space. Their inspiration is manifested throughout each aspect of the company, from their wide variety of beers and meticulous obsession with hops to their masterpiece can-art and onsite décor. Bartenders are replaced by Startenders and flights of beers are ordered by their more Celestial name, Missions. Co-owners Molly and Matt Reynolds bring a wealth of knowledge and experience, including Matt’s history as a brewmaster for Malai Kitchen and his time making homebrews for his friends and family.
Topics: Clients Procurement Demand Response Resiliency
1 min read
Anyone that has ever met Chris Dillemuth can easily recall his positive outlook, his sincere warmth, and his incredible stories of real-life adventures. Without effort, Chris captivates friends, teammates, and clients when he speaks about his wife and their fishing or scuba diving exploits. Within the energy industry, Chris is a living legend and one of the top client advocates in NYC for over three decades.
1 min read
In order to provide comprehensive energy advisory services to more clients in need, 5 is currently adding additional referral partners and strategic partners across the country. This is a perfect opportunity for anyone who is looking to help others while also receiving an additional source of income or possibly beginning their career in energy.
1 min read
The Washington Tennis and Education Foundation’s (WTEF) mission is to build life champions, giving children and youth a safe environment where they can excel. WTEF empowers them to achieve their highest potential by developing meaningful values and critical skills that lead them to life-long success through a pathway of continual academic, life skills, and tennis instruction during after-school and summer camp hours.
2 min read
Luziel “Lilo” Ramos was born in Manila, Philippines and raised in Muntinlupa City, which is a suburb of that city. Her family permanently relocated to the Dallas-Fort Worth (DFW) area in 2007. She got the nickname Lilo in middle school when one of her classmates mentioned that she looked like the fictional character Lilo from the Disney movie Lilo and Stitch. From then on, she has been known as Lilo.