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After Winter Storm Uri in February 2021, the Texas legislatures passed Senate Bill 3, which includes provisions intended to improve the reliability of the grid. One specific portion of this law in Sec... READ MORE >

Community solar is a financial structure implemented by states and utilities that allows the financial benefits of solar electricity production to be shared with members of the community. Here is how ... READ MORE >

Who's Who of Deregulation Here is an overview of the different entities in a deregulated market. PUCT: The Public Utilities Commission of Texas regulates and implements legislation of the state's util... READ MORE >

On behalf of the team at 5, I am pleased to forward our November market letter. This letter discusses: (i) the upcoming Mid-Term Elections, and how the results could impact energy policy; and (ii) the... READ MORE >

Forward commodity markets were created to allow market participants to mitigate price risk for a given commodity. Long before the world ran on oil and natural gas, agricultural commodities traded in t... READ MORE >

Often in commodity trading, it isn’t always the straight-forward market drivers that catch the market off guard. Rather it’s the counter-intuitive things that seem to side-swipe a market. Lately, ther... READ MORE >

Leaves are changing and temperatures are falling, which can only signify one thing: PJM’s coincidental peak season is behind us. In PJM, there are five Coincidental Peaks (5CP) that are determined by ... READ MORE >

There is no doubt that the rapid growth of utility-scale solar in Texas has helped the state meet its ever-increasing electricity demand during hot and dry summer afternoons. The 10X increase in solar... READ MORE >

Imagine the reaction of a modest homeowner in America who received an invoice from their electric utility that was more than $1,000 per month, or a monthly natural gas bill that exceeded $500. While t... READ MORE >