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Energy Market Insights

We leverage our proprietary market analysis platform, Level5, along with extensive energy industry expertise, to educate and guide clients on the technical and fundamental factors shaping energy markets. Our services include commodity analysis, procurement strategies, demand-side management, and evaluating sustainability and resiliency options.

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3 min read

The New Challenges of Managing 4CP

By 5
June 25, 2025

Managing transmission costs in the ERCOT market by curtailing facility load during one of the four summer peak demand intervals (June through September) used to be relatively straightforward. Operator... READ MORE >

1 min read

Webinar Recording: PJM's Unprecedented Capacity Costs Are Here...Now What?

By 5
May 21, 2025

PJM’s latest capacity auction is set to drive up capacity charges starting June 1, 2025 — and the impact could be significant. Join our expert-led webinar to understand what these changes mean for you... READ MORE >

4 min read

What a 5X Increase in PJM Capacity Costs Means For Your Electric Bill

By 5
April 28, 2025

Capacity costs in the PJM Interconnection cleared at unprecedented levels in the latest auction. As shown below in Figure 1, the cost of capacity increased in many parts of PJM by 5x. While this chart... READ MORE >

4 min read

2025 Coincidental Peak Alerts

By 5
April 25, 2025

The official kick-off to summer is almost here. The beginning of summer is also when many regional power grids start to measure a business’ Coincidental Peak demand. The Coincidental Peak (CP) is the ... READ MORE >

3 min read

Locking in Energy Rates Now Could Benefit Your Business

By 5
April 25, 2025

Why didn’t the tomato cross the border? It couldn’t ketchup with the tariff hike. Okay, maybe it’s a bit early for tariff humor. But in all seriousness, the recent tariff announcements have only added... READ MORE >

7 min read

WINTER POWER OUTLOOK: RELIABILITY & RISK ASSESSMENTS ACROSS KEY MARKETS

By 5
January 14, 2025

Before each winter, many organizations responsible for overseeing North America's power grids release risk assessments. These reports primarily focus on reliability and resiliency, with less emphasis ... READ MORE >

2 min read

UNDERSTANDING PJM'S CAPACITY RULE CHANGES: IMPLICATIONS FOR AUCTION PRICES AND GRID RELIABILITY

By 5
January 14, 2025

On December 9, PJM proposed a series of changes to its capacity rules. These changes are designed to address: (i) the high clearing prices in the 2025/2026 auction, and (ii) the increasing risk of cap... READ MORE >

5 min read

BARRIERS TO A REAL NUCLEAR POWER RENAISSANCE

By 5
October 22, 2024

1 min read

Webinar Recording: PJM Capacity Auction Results and Their Impact to Your Budget Webinar

By 5
September 26, 2024

4 min read

SUMMER 2024 MARKET REVIEW

By 5
August 29, 2024

As we approach the end of August, the focus of the summer typically begins to shift towards things like kids returning to school, parents seeking a more normal schedule, the excitement and optimism of... READ MORE >

6 min read

Big News in PJM's Latest Capacity Auction

By 5
August 1, 2024

The good news is that we now know the price of capacity through May 2026. The bad news is that capacity prices have increased by approximately 5x over the last auction. The surge in price was fueled b... READ MORE >

2 min read

Energy Industry Expert Tracy Hodge Joins 5 as Senior National Energy Advisor

By 5
July 29, 2024

DALLAS, July 16, 2024 Industry veteran Tracy Hodge joins 5, a leading energy advisory firm in North America, as Senior National Energy Advisor. 5 is pleased to announce that industry veteran Tracy Hod... READ MORE >

4 min read

Electricity Market Update

By 5
June 26, 2024

ERCOT There are two words that describe the reaction of most commercial clients shopping for electricity in Texas: Sticker Shock. Figure 1 shows how the wholesale price of electricity for calendar yea... READ MORE >

5 min read

Understanding RECs in New York 2024

By 5
June 20, 2024

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 del... READ MORE >

4 min read

Coincidental Peak Alerts 2024

By 5
May 14, 2024

11 min read

May 2024 - Energy Market Letter

By Jon Moore
May 14, 2024

On behalf of the team at 5, I am pleased to forward our May 2024 market letter. In this edition, we discuss several interrelated topics. First, we look at ongoing legal challenges to two new federal e... READ MORE >

2 min read

The Texas Supreme Court and Winter Storm Uri

By 5
February 22, 2024

On January 30, 2024, the Texas Supreme Court heard oral arguments in a ground-breaking case related to Winter Storm Uri. At the heart of the case is the question of whether the Texas PUC had the autho... READ MORE >

1 min read

Webinar Recording: Earning Energy Revenue to Fund Efficiency & Compliance Projects in New York Feb 2024

By 5
February 2, 2024

1 min read

Webinar Recording: ERCOT'S Growing Pains, December 2023

By 5
December 11, 2023

2 min read

NY's Peaking Plant Problem

By 5
November 28, 2023

In 2019, the New York State Department of Environmental Conservation (DEC) adopted a regulation to limit nitrogen oxide (NOx) emissions from simple-cycle combustion turbines. Combustion turbines known... READ MORE >

4 min read

PJM's Capacity Market Dilemma

By 5
November 28, 2023

By most accounts, the winter of 2022/2023 was relatively mild. Only 2.3 inches of snow fell in New York City all winter, which is the lowest snowfall total in the 150 years that the National Oceanic a... READ MORE >

1 min read

Webinar Recording: Eastern Region - Winter Energy Prep, November 2023

By 5
November 1, 2023

1 min read

Webinar Recording: Upstate New York Regulatory & Energy Market Discussion, October 2023

By 5
October 26, 2023

3 min read

ERCOT Contingency Reserve Service

By 5
September 19, 2023

This summer, temperatures in Texas have been significantly higher than average, with record-breaking ERCOT demands and Real-Time prices reaching their maximum cap on multiple days in both June and Aug... READ MORE >

14 min read

September 2023 - Energy Market Letter

By Jon Moore
September 18, 2023

On behalf of the team at 5, I am pleased to forward our September market letter. If you had any doubts that the energy transition is happening, recent events in Texas and New York confirm that the ans... READ MORE >

4 min read

Choosing the Best Term Length for Your Electricity Contract

By 5
September 18, 2023

1 min read

Webinar Recording: Downstate New York Regulatory & Energy Market Discussion, August 2023

By 5
August 30, 2023

Webinar Recording: Upstate New York Regulatory & Energy Market Discussion, July 2023

By 5
August 1, 2023

4 min read

New York: a Capacity Problem with no Solution

By 5
July 18, 2023

Many are surprised to learn that there are several cost components that are added together to establish the rate in cents per kilowatt-hour in an electricity supply contract. Those components are summ... READ MORE >

4 min read

Mid-Summer Market Update: ERCOT, PJM & NYISO

By 5
July 17, 2023

Given that we are halfway through July, we thought it would be appropriate to provide an update on how major power markets have performed as they relate to each ISO’s coincident peak demand management... READ MORE >

1 min read

Webinar Recording: ERCOT - This Summer and Beyond Strategy

By 5
June 2, 2023

4 min read

Coincidental Peak Alerts 2024

By 5
May 22, 2023

3 min read

Summer Reserve Margin Forecasts

By 5
May 22, 2023

Early this month, ERCOT released the Seasonal Assessment of Resource Adequacy (SARA) report detailing market conditions as they exist going into the summer of 2023. This report takes into consideratio... READ MORE >

Webinar Recording: Upstate NEW York Regulatory & Energy Market Discussion

By 5
April 27, 2023

2 min read

Texas Court Invalidates PUC's Decision on Winter Storm Uri Electricity Prices

By 5
April 17, 2023

On March 17, 2023, the Texas Court of Appeals added significant uncertainty to the state’s electricity market. The Court sided with Luminant in their ruling that the Texas Public Utility Commission’s ... READ MORE >

3 min read

The Good News and Bad News for Capacity in PJM

By 5
April 12, 2023

Here is the good news: in February, PJM posted the results of its latest capacity auction for the planning year June 2024 to May 2025. And for the most part, those prices are similar or lower than tho... READ MORE >

2 min read

Ohio Utility Rate Increases

By 5
March 14, 2023

Over the past few years, energy markets have been pushed to the brink, and we’ve seen unprecedented market volatility brought on by the pandemic, supply and demand issues, extreme weather conditions, ... READ MORE >

4 min read

Con Edison On-Site Solar Incentives

By 5
March 3, 2023

One might legitimately expect a future TV series to be called, “It’s Always Sunny in New York City.” This is not because there is a spin-off of the acclaimed FX series in the works, but because the ec... READ MORE >

3 min read

Lubbock All Set for Electricity Deregulation

By 5
March 2, 2023

Why did Lubbock vote to deregulate the LP&L service territory? Lubbock, Texas, the 11th most populous city in the state and birthplace of rock ‘n roll legend Buddy Holly, is becoming a deregulated ele... READ MORE >

2 min read

Con Edison Joint Proposal

By 5
February 28, 2023

Over a year ago we reported that Con Edison had filed for a one year rate case to increase electric delivery rates by 17.6% and gas delivery rates by 28.1%, resulting in a system-wide cost increase of... READ MORE >

12 min read

February 2023 - Energy Market Letter

By Jon Moore
February 22, 2023

On behalf of the team at 5, I am pleased to forward our February market letter. This letter discusses: (i) the recent fall in natural gas prices and increasing natural gas price volatility, (ii) the 1... READ MORE >

1 min read

Webinar Recording: Upstate New York Regulatory and Markets Discussion

By 5
February 2, 2023

1 min read

Webinar Recording: ERCOT Regulatory & Energy Market Discussion

By 5
December 9, 2022

Webinar Recording: PJM Regulatory & Energy Market Discussion

By 5
December 9, 2022

1 min read

Webinar Recording: Downstate New York Regulatory & Energy Market Discussion

By 5
December 2, 2022

3 min read

How LNG Prices in Boston Affect New York

By 5
November 29, 2022

Volatility continues to be the name of the game in the energy markets for Downstate New York and New England. An example is the rollercoaster ride of international liquefied natural gas (LNG) prices t... READ MORE >

3 min read

Big Wind Plans for NJ and PJM

By 5
November 28, 2022

The New Jersey Board of Public Utilities (NJBPU) recently approved nearly $1.1 billion in transmission system upgrades to the state’s electricity grid. These upgrades will enable electricity generated... READ MORE >

2 min read

ERCOT’s New Winter-Only Ancillary Service

By 5
November 28, 2022

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 >

4 min read

Community Solar in New York State

By 5
November 28, 2022

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 >

2 min read

Lubbock: Deregulation 101

By 5
November 17, 2022

10 min read

November 2022 - Energy Market Letter

By Jon Moore
November 2, 2022

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 >

3 min read

Big Risks this Winter

By 5
September 29, 2022

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 >

2 min read

5CP and Summer Recap

By 5
September 29, 2022

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 >

3 min read

Is Texas the New California?

By 5
September 29, 2022

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 >

2 min read

A Not-So-Hot Summer

By 5
August 31, 2022

As the calendar flips from August to September, ICAP management season is winding down, school is back in session and both the Mets and the Yankees are in first place. And while this summer was pretty... READ MORE >

3 min read

Transmission Costs Continue to Rise

By 5
August 31, 2022

Last fall, 5 discussed the mechanism by which costs associated with the high-voltage transmission system are allocated across end-users in Texas. The current system enables the four Investor-Owned Uti... READ MORE >

3 min read

Power Prices Keep Climbing

By 5
August 31, 2022

Power prices across the country have been on the rise since the summer of 2021 and PJM is certainly no exception. Anyone with an electricity supply contract expiring in the next 12 months, has seen a ... READ MORE >

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