Keep Pace with the Transforming Energy Market

Since the start of the year, the Texas power market has been heating up.  In January, there were signs that this year was going to be different when energy prices in the Electric Reliability Council of Texas (ERCOT) cleared $1,000 per megawatt hour (MWh) and, for a few brief periods, were as high as the $9,000 per MWh price cap. The increasing prices are a welcome sign for many Texas power generators, which have suffered through a bear market for the past three years with the average energy price from 2015 through 2017 of just $23 per MWh.

Read more

In the United States, the industrial sector accounts for about one-third of the country’s total energy consumption, according to the U.S. Energy Information Administration. On a global scale, this number grows to more than half, with the industrial sector consuming 54 percent of the world’s total delivered energy.

Read more

Healthcare facilities are one of the top five energy-consuming commercial building types, according to the U.S. Energy Information Administration. These facilities often have opportunities for no- or low-cost updates to improve energy efficiency, and many utilities across the United States have designed programs specifically for large campuses.

Read more

In 2016, more than $10 billion in incentives were available as part of commercial energy efficiency programs across the U.S. and Canada. These incentives, which are primarily self-administered by approximately 3,300 utilities, all have varying requirements and specific stipulations to qualify. For businesses with multiple locations spanning multiple utility territories, managing the incentive qualifications, submission process, and payments can be complicated.

Read more

Electric utilities are responsible for maintaining much of the country’s critical power infrastructure, which makes utility asset management a core component of any utility’s strategy. Many utilities now rely on geographic information system (GIS) data and analytics to identify and plan for maintenance, replacement, and modernization of their aging assets. However, GIS data can be unreliable if the data is conflicting, inaccurate, or missing.

Read more

We’ve heard it again and again: the electric power industry is going through the greatest transformation since its inception. Today’s utility investments must support renewable energy solutions, customer choice, energy storage, and a variety of other new or emerging technologies.

Read more

According to ReportLinker research, the market for utility asset management will surpass $4 billion by 2022 at a compound annual growth rate (CAGR) of 8.25% over 5 years. While reports from Research and Markets forecast the utility analytics market and digital utility market will grow at faster CAGRs, the utility asset management market remains larger by dollar amount because of the size of territories, number of assets, and intricacy of utility infrastructure. The growth in utility asset management is heavily impacted by increasing grid complexity and investments in grid modernization, among other factors.

Read more

OSF HealthCare, an 11-hospital health care system serving Illinois and part of Michigan, has been committed to reducing its energy usage for almost a decade. In fact, Ameren Illinois recognized OSF HealthCare for its efforts with the Ameren Illinois Energy Savings Projects Excellence and Environmental Award in September. But even after completing more than 140 projects to save 6,148,950 kilowatt hours (kWh) of electricity – enough to power 638 homes for one year – OSF HealthCare was on the hunt for more saving opportunities.

Read more

Are you ready to comply with the National Fire Protection Association’s (NFPA) 2018 edition of NFPA Standard 70E for electrical safety in the workplace?  This standard provides requirements to help employers reduce risks to employees from arc flash and other hazards when working on or near energized equipment.

Read more

With the growth of renewable energy, the number of distributed energy resources (DER) feeding into the electric power system (EPS) is growing too. Since a traditional EPS is not designed to accommodate power coming from distributed sources, utilities are facing a number of challenges.

Read more