“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”.
Recent posts by 5
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.
4 min read
Our head of analytics and Sr. Zoltar, Eric Bratcher, is a big lover of the Summer Olympics, especially the less popular sports. On Tuesday this week, while Eric was watching ERCOT’s load again come in under forecast, women’s skeet shooting was on in the background. Eric was glued to the final round as USA’s Amber English held off Italy’s reigning champ to win her first gold medal in the event. An hour later, USA’s Vincent Hancock set an Olympic record of 59 of 60 targets, winning his event and being awarded with his third gold medal.
4 min read
Global natural gas markets are finally starting the rally that many producers had been anticipating in recent years. Last year, global demand for LNG dropped so precipitously that some LNG buyers elected to pay LNG liquidation terminals their contractually obligated tolling agreement payments and canceled their delivery of the actual commodity. Subsequently, last summer spot prices for the Japan/Korea Marker (JKM, the Asian LNG version of the Henry Hub natural gas trading hub in the US) traded below $3 per MMBtu. On July 28 of this year, the future contract for September LNG delivery was trading around $14.50 per MMBtu. Figure 1 shows that the JKM price for LNG has increased three-fold over the last year.
Topics: Markets Natural Gas
2 min read
The big energy news in PJM this summer was the completion of the first capacity auction in three years, which was held in late May. This was an important event on several fronts. Most importantly, the price for capacity in all parts of PJM was set for the period of May 2022 through June 2023. As shown in Figure 1, the price of capacity is typically the second-largest cost component of a retail electricity agreement, and like any other commodity or security, uncertainty creates risk and increases cost. This recent capacity auction provides the transparency necessary to reduce risk premiums associated with this important cost component.
3 min read
For as long as we can recall, there has been a significant difference between the price of capacity in upstate New York compared to capacity prices in New York City. It was common for capacity to trade at $3 to $5/MW-day in upstate New York and $15 to $18/MW-day downstate.