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
6 min read

Let's Talk About "RECs", Baby

By 5 on December 22, 2020

In recent conversations with clients and suppliers, we have noticed the Renewable Energy Credit (REC) has been viewed with some degree of disdain and ridicule. Some of the negative impressions associated with RECs are justified. About a decade ago, the energy industry went through an era of “greenwashing” where many companies made dubious environmental claims, and RECs certainly played a role in some of those cases[1].

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Topics: Sustainability Education Renewables
3 min read

Ohio HB6, a Householder of Cards

By 5 on November 24, 2020

Ohio House Bill 6 (HB6), signed into law in July 2019, provided a bailout for two nuclear plants and two coal plants while lowering Ohio’s renewable energy and energy efficiency goals substantially. At the time of its passage, the legislation was treated to a negative reception from the press and the bill faced scrutiny from environmental groups. Following the arrest of former Ohio House Speaker Larry Householder, a fierce advocate for HB6, on racketeering charges, Ohio lawmakers are debating whether to repeal the law, and how.

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Topics: Markets PJM Education
6 min read

Introduction to Green Hydrogen

By Sean Ewart on November 24, 2020

It’s got Jim Cramer saying it’s “sexy” and natural gas companies betting their futures on it. What are we talking about? Green hydrogen (GH2). And no, GH2 isn’t just hydrogen by another name, it’s hydrogen produced by renewable energy and there are several important reasons why its trending today.  

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Topics: NYISO Sustainability Education Renewables
1 min read

ERCOT's Winter 2020 Outlook

By 5 on November 6, 2020

Yesterday, November 5th, ERCOT released its Seasonal Assessment of Resource Adequacy (SARA) for the upcoming winter season. In summary, the grid operator expects to have plenty of power plant capacity available this winter. ERCOT expects winter peak demand to top out at 64.5 GW, just shy of the all-time winter peak demand record of 65.9 GWs*

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Topics: Markets ERCOT Education Renewables
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
2 min read

5 Ways to Reduce Your Environmental Footprint

By 5 on August 18, 2020

Even though we are spending more time at home these days, which means less commuting and less pollution, each of us continues to leave an environmental footprint. Consider these 5 steps you can take to reduce your environmental footprint today:

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Topics: Sustainability Education
3 min read

TCAP's Strategic Hedging Program: A Bad Deal for Cities

By 5 on July 22, 2020

While aggregation programs like The Texas Coalition for Affordable Power (TCAP) made sense for some cities in the early days of deregulation, these purchasing groups have not been producing the best results for cities for a long time. Cities are now being courted by TCAP to participate in a strategic hedging program that lacks clarity and competition while ultimately removing a city’s ability to reduce and control many aspects of their energy spend.

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Topics: Markets ERCOT Education
3 min read

Current Capacity and Alternative Product Structures

By 5 on June 24, 2020

A fixed price electricity contract is the most common product selected by commercial clients throughout the deregulated markets in the US. And while the cost of the energy (the electrons moving through the wires) is the often the largest and most volatile part of a retail electricity price, there are several other electricity cost components that are built into that retail price.

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Topics: Markets NYISO Education