5

5

Founded in 2011, 5 comprises a team of energy innovators, commodity traders, analysts, engineers, and former energy supplier executives. Together, they serve a broad array of private and public sector clients throughout the United States and Mexico, providing strategic advice on energy-related matters including procurement, demand-side management, rate optimization, regulatory intervention, benchmarking, bill auditing, RFP management, sustainability planning services, renewable power, and distributed generation. With an eye on growth, 5 has initiated a number of strategic partnerships and acquisitions, including the 2019 acquisition of Luthin Associates. 5 has been named to the Inc. 5000 list of fastest-growing companies in the U.S. for five consecutive years. The firm has also received numerous accolades and national awards for its corporate culture, leadership and innovation, including 5 consecutive years as a top 10 Best Company to Work for in Texas according to Texas Monthly Magazine.

Recent posts by 5

4 min read

How Today’s Hurricanes Impact Natural Gas Prices

By 5 on September 24, 2020

Once upon a time, major hurricanes in the Gulf of Mexico had the potential to wreak havoc on natural gas markets and send prices soaring to levels that are 4X what they are today. Late last month, as Hurricane Laura was heading toward major gas production centers, many were asking if gas prices would turn bullish and increase because of the impact to natural gas supplies. If this were 2005, the answer would have been a definitive “yes.” But today, the correlation of natural gas prices and hurricanes in the Gulf of Mexico is not what it was fifteen or even ten years ago. There are several reasons for this change.

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Topics: Markets Natural Gas
3 min read

Where Gas Goes, Electricity Will Follow

By 5 on September 24, 2020

In many electricity markets, natural gas is often the marginal fuel. This means that gas is the fuel that is used to generate the next additional amount of electricity that is required to ensure that there is enough electricity supply to meet the grid’s demand. Over the last ten years, the amount of natural gas generation in PJM has increased from 25% to nearly 40% of the fuel mix. It should be no surprise that the rise and fall of electricity prices throughout PJM is highly correlated to natural gas price movements.

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Topics: Markets PJM
3 min read

A Good Time To Buy In NY

By 5 on September 24, 2020

Lately, the bulls have been running in NYC’s electricity market but there has also been a consolidation in forward prices. Figure 1 shows calendar year strips for wholesale electricity in New York City for 2021 through 2024. Wholesale prices in all calendar years hit their all-time lows in late March/early April, shown in the red oval, and have rallied over the last 6 months. Also note that over the last two years, near-term prices have always been less expensive that longer-term prices. This can be seen in the figure below as calendars 2021 and 2022 (blue and black lines) have consistently been less than 2023 and 2024 (green and yellow lines). This is referred to as a contango market, where prices get more expensive into the future.

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Topics: Markets NYISO
3 min read

Texas, Would You Like Some More Renewables?

By 5 on September 24, 2020

Over the last few months, we have described Texas' increased reliance on wind generation to help meet peak demand requirements for electricity. Over the summer, the rolling black-outs in California were heavily covered in the news with many asking how a state known for its technological advancements with the most solar power has become vulnerable to insufficient power supplies.

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Topics: Markets ERCOT
1 min read

Client Spotlight: CitySquare

By 5 on September 23, 2020

More than 300,000 people live in poverty throughout the Dallas metroplex and CitySquare aims to change that. CitySquare is a non-profit that fights the causes and effects of poverty through service, advocacy, and friendship. Today, the organization’s services include a comprehensive array of social services that address four key areas related to the persistence of poverty: hunger, health, housing, and hope.

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Topics: Clients Procurement
2 min read

Get To Know Kelly Hopkins Dodd

By 5 on September 23, 2020

Some of the best personal decisions are often made at family gatherings over a glass of wine. About 5 years ago, Kelly Dodd was having a conversation with 5’s head of operations, Cady Thomas, at a Thanksgiving dinner. Cady, who is related to Kelly by marriage, knew that Kelly had experience in sales and told her that 5 was expanding its team in Texas. And after a series of interviews and a lot of soul searching, Kelly decided to make a career change into the energy industry and move from Colorado to Dallas.

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Topics: People
1 min read

Fall 2020 Energy Market Webinar

By 5 on September 23, 2020

Join us for the energy market insights you need to know for your business. 5's Lead Energy Analyst, Eric Bratcher, provides a detailed look into each energy market during three regional webinars.

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Topics: Markets PJM NYISO ERCOT Education
2 min read

Calculating Greenhouse Gas Emission Reductions During Lockdown

By 5 on September 10, 2020

COVID-19 has changed our lives in so many ways. At 5, we transitioned to remote working on March 16th as lockdowns were imposed in the states where we live. One positive that came from this transition is that fewer cars are on the road. The result is a significant reduction in carbon dioxide emissions. The 5 Planeteers, our internal sustainability team, wanted to highlight the environmental impacts of this reduction and calculated the overall carbon emissions that our team has saved by telecommuting since mid-March.

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Topics: Sustainability Education
1 min read

Coincident Peak Alert for ERCOT, September 1, 2020

By 5 on September 1, 2020

Temperatures and humidity remain elevated all across Texas, which will increase electricity demand into the late afternoon. The peak demand forecast today is 70,397 MWs, which is expected to occur at 5:00 PM CST.  This would set the all-time record peak for September and exceed the previous high of 69,187 MWs, which was set last year. With cold fronts in the long-term forecast (woohoo!), this may be one of the hottest days of the month.

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Topics: Markets ERCOT
1 min read

Coincident Peak Alert for PJM, August 27, 2020

By 5 on August 27, 2020

PJM has issued another hot weather alert today across the region. Temperatures are likely to exceed 90°F with high humidity causing a steady rise in electricity demand. The five Coincident Peak (CP) demand days for 2020 in PJM are shown below in Figure 1. There is a strong risk that a new CP is set this afternoon as forecasters expect that today’s load will surpass 144,000 MWs by 5:00 PM EST.

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Topics: Markets PJM