LEARN

Natural Gas basis prices for the winter of 2019/2020 have decreased by 28% since the middle of October. Figure 1 shows how the basis price for this winter started to rally in August, reaching its peak... READ MORE >

Anyone from New York knows that New York is really made up of two states: upstate and downstate. Some will even put a finer point on this and claim that New York City is distinct from downstate and th... READ MORE >

New York City’s Climate Mobilization Act, especially Local Law 97, sparked the creation of generic carbon calculators for buildings to assess occupancy class and emission limits. Although intended to ... READ MORE >

In commodity markets, a bear market cannot stay bearish forever. Typically, a commodity market does not stay in backwardation (where prices get cheaper into the future) for long. The forward electrici... READ MORE >

Over the last few years, natural gas has become the fuel on the margin, meaning that the price of natural gas becomes the driver for wholesale electricity prices. Supplies of natural gas and the deliv... READ MORE >

This week, a major milestone was reached in the natural gas market. For the first time in two years, the amount of natural gas in storage has exceeded the 5-year average. In Figure 1, the 5-year range... READ MORE >

In New York, natural gas is the new front in the war on climate change. While natural gas is much cleaner than coal, environmental groups argue that expanding natural gas infrastructure (building pipe... READ MORE >

Since fall officially arrives next week, we‘d like to review what happened in New York’s energy markets over the summer. Two stories are worth mentioning: Peak electricity demand in New York, which se... READ MORE >

Over the last month, electricity futures in PJM have increased across all calendar years out to 2025. The most dramatic movement has been in the wholesale price of electricity for calendar year 2020. ... READ MORE >