1 min read

High-Performance Cultures are a Great Place to Work

By Jeff Schiefelbein on July 30, 2021

Too often I hear business leaders try to separate great work culture from peak performance. Since many people have never worked for an award-winning, certified Great Place to Work, lack the firsthand experience to understand the key elements and drivers of great company culture. Instead of recognizing the core tenets of intentional culture building, including clearly articulated values, common vision, individual autonomy, integrity, appropriate risk-taking, accountability, excellence, dignified communication, shared experience, and the power of teamwork, people believe that gimmicky office accessories, like ping pong tables and beer taps, are the signs of good culture. That is simply not true.

Likewise, the term High-Performance Culture is surrounded by similar falsehoods including the notion that performance is primarily achieved through extremely long workdays, countless nights and weekends in the office, high-pressure work environments with an eat-or-be-eaten mindset, and a “whatever it takes” justification along the way. Organizations that adopt these principles for performance are wrought with burn-out, apathy, fraud, countercultures, and safety concerns. High-performance cultures are not built by exhausting every bit of utility from the workforce.

To us, a Great Place to Work is synonymous with a High-Performance Culture, they are one in the same. A truly great place to work creates the expectation and responsibility to perform at your best in all aspects of your life. To achieve peak performance, team members should be healthy (mind, body, soul), challenged, trusted, accountable, engaged, celebrated, coached, and given the freedom to reach new heights. As it turns out, these same principles come together in great organizations to create a thriving team-based approach to solutions and service. A Great Place to Work should be demanding enough to satisfy our craving for challenge and mastery while being grounded enough to recognize and celebrate our individual uniqueness and human dignity.

If you are ready to rise to the occasion and test your limits, a certified Great Place to Work will push you to become the best version of yourself and to reach peak levels of performance you may not have imagined.

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Topics: Culture Education
12 min read

July 2021 - Quarterly Market Letter

By Jon Moore on July 20, 2021

On behalf of the team at 5, I am pleased to forward our market letter for the second quarter of 2021. The unusual weather that caused historic outages and extreme electricity and natural gas prices in Texas in Q1 surfaced in other markets in Q2. Both the Pacific Northwest and the Western US faced extreme weather conditions, namely, heat. In Death Valley, temperatures hit 130 degrees on July 9, a world record for the hottest reliably measured temperature in recorded history.

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Topics: Markets Natural Gas ERCOT Newsletters Education Resiliency
1 min read

A Website Worth Experiencing

By 5 on June 29, 2021

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Topics: Natural Gas People Culture Videos Procurement Demand Response Sustainability Education Renewables Resiliency
2 min read

Last Minute Energy Legislation

By 5 on May 25, 2021

With the clock ticking on the current legislative session in Texas, lawmakers are anxious to get some legislation passed that addresses and corrects some of what occurred during Winter Storm Uri. In the weeks following the storm, there were several pieces of legislation that were gaining traction. Senate Bill 3 (SB3) gathered the most attention, which, in its original draft, sought a complete ban on real-time, index-based products, put limits on wholesale electricity prices, and addressed issues related to the winterization of generating assets. After several votes and amendments, SB3 passed the Senate and is now with the House, but it is unclear if it will be signed into law before the current legislative session ends on May 31. House Bill 16 (HB16), however, passed both the Senate and House this month and will likely be signed into law by Governor Abbott in the coming days.

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Topics: Markets ERCOT Education
3 min read

Biden's Energy Priorities

By 5 on May 25, 2021

There are several interesting developments in Washington D.C. that could impact the nation’s energy markets. With the death of Alcee Hastings (D-FL) last month, the Democratic majority in the House shrank to a mere six votes and the Senate remains split at 50/50. The razor-thin Democratic majority means it is unlikely that Congress will use the traditional legislative process to pass new energy-related legislation. Instead, as was the case with the stimulus bill, the Biden Administration is expected to use the budget reconciliation process to pass an energy bill at some point this calendar year.

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Topics: Markets Demand Response Sustainability Education Renewables Resiliency
10 min read

April 2021 - Quarterly Market Letter

By Jon Moore on April 21, 2021

On behalf of the team at 5, I am pleased to forward our market letter for the first quarter of 2021. This letter focuses on the latest Black Swan event, Uri, the winter storm that hit Texas in mid-February. The storm caused a catastrophic loss of generation and triggered an extended period of extremely high energy prices. This letter provides: (i) a summary and chronology of the legal and regulatory proceedings that Uri has spawned; (ii) a snapshot of how the storm has impacted a variety of market participants including municipal utilities, wind farms, renewable purchasers, commercial and industrial buyers, and the natural gas market; and (iii) an overview of legislative efforts to address electric reliability in ERCOT.

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Topics: Markets Natural Gas ERCOT Newsletters Education Resiliency
3 min read

Microgrids are a Macro Deal

By 5 on March 30, 2021

Despite the name, microgrids are a big deal. In fact, microgrids are a hot topic of conversation lately because of the crucial role they play in business continuity and resiliency planning. Thanks to a handful of unpredictable weather events, a wide variety of stakeholders are turning to microgrids to keep power flowing when natural disasters or catastrophic grid failures disrupt the utility grid’s normal operations.

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Topics: Demand Response Sustainability Education Resiliency
2 min read

Your Business Needs a Whole Health Energy Plan

By 5 on February 26, 2021

Since the dawn of electricity deregulation, most commercial and industrial clients have relied on brokers and sales reps as their primary source of education and strategy development. Clients meet with a different set of sales people to discuss procurement, engineering, demand-side management, sustainability, and resiliency, leading to a fractured decision-making process and piecemeal strategies that lack depth, diversity, harmony, and foresight. When energy prices are falling, the weather is following normal patterns, and suppliers are offering low bids in a race to the bottom, any sales rep or broker running a simple procurement process can appear to be adding value to your business.

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Topics: Markets Procurement Demand Response Sustainability Education Resiliency
2 min read

Urgent Texas Electricity Update

By 5 on February 15, 2021

Conservation Needed

To all businesses and homes in Texas fortunate enough to still have power, please reduce electricity consumption throughout the rest of Monday and Tuesday. The Texas electric grid is experiencing unprecedented strain, and many have been without power since early Monday morning. You can help by reducing the setpoint on your thermostats, turning off and unplugging non-essential lights and appliances, closing shades and blinds, and avoiding use of large appliances (ovens, washing machines, etc).    

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Topics: Markets ERCOT Education
7 min read

January 2021 - Quarterly Market Letter

By Jon Moore on January 19, 2021

On behalf of the team at 5, I am pleased to forward our market letter for the fourth quarter of 2020. This issue revisits the 2020 election and discusses its potential impact on energy policy. Other topics covered include: (i) key energy provisions in the Stimulus Bill passed on December 29, 2020, (ii) green hydrogen, and (iii) the continued shift in generation from coal and nuclear to renewables. We conclude by noting the dramatic spike of LNG prices in Asia, a good reminder that, notwithstanding a long period of depressed pricing, electricity and natural gas remain volatile commodities that must be carefully managed.

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Topics: Newsletters Education