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WEEKLY MARKET UPDATE
July 25, 2019
The State of New York has designed a community solar program to encourage renewable energy development and participation to a wide range of residents and businesses. This can be a significant financial benefit for energy users. The State of New York aims to have 6,000 Megawatts of Community Solar installed by 2030, with under 100 MWs currently installed, it's important for energy users to understand these offers and how these programs works.
EnergyMark is co-developing a community solar project of our own here in Western New York at West Valley that is set to be operational in 2020.

Here's how it works:

Rather than installing panels on your roof, a developer installs thousands of panels at a remote location.
Energy users or "subscribers" sign on to the project to agree to take a piece of the power generated. The project cannot run unless subscribers have agreed to take the power, so developers are willing to give you a credit to do so.
The project generates power and credits are generated. A portion of the credits go back to fund the project, but the remaining go onto your bill to create savings for the customer.

More info on that project here

Give us a call or reply to this email to see how much your business could save!
Natural Gas

Natural gas prices falling slightly further from last week. August 2019 futures are down another 8 cents from last week.

This morning the EIA announced the smallest injection of the summer of 36 Bcf. This raises total gas in storage to 2,569 Bcf.
Electricity

Real time power prices remain stable from last week. The 30 day average is down $1.52/MWh from last week to $35.35.

Electricity futures falling slightly lower as well from last week. The 12 month strip is down roughly 50 cents to $32.23/MWh.
 
 
12 & 24 Month NYMEX Strip
12 & 24 Month Zone A Power Strip
 
 
 
This document is intended for indicative purposes only. All information contained within this report is acquired from third party sources and EnergyMark makes no representations or warranties, express or implied, as to the accuracy of the information provided herein. EnergyMark is not liable for any actions or decisions made in reliance on the information provided in the report.
 
WEATHER WATCH
 
NOAA 8-14 Day Outlook
NOAA 30 Day Outlook
 
 
 
 

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