Blog

1 2 3 37

Wholesale Electric Costs Skyrocket in Jan 2018 with Polar Vortex

Posted on: January 18th, 2018 by rgadmin

The Polar Vortex of Jan 2018 may be history, hopefully not to revisit.
However, its impact is still being felt.

Below is a table of the wholesale electric costs in the ComEd utility area of January 15, 2018

polar vortex Jan 2018

The Wholesale Energy Costs nearly doubled. As the wholesale market provides power to ALL utility and Realgy customers, every customer will feel this cost increase.

Realgy passes costs incurred each month. Typically our costs are below ComEd. In January 2018 the polar vortex caused a supply peak and corresponding price increase.

As this is a temporary increase and one that changes during the month, we collect it through the settlement recovery charge on your bill. It will only appear on your January bill. Then, like the Polar Vortex, it will go away.

ComEd, as a monopoly utility, will collect this increase as part of their next rate increase which will be as early as February.

Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.

Realgy owns and operates 6 solar plants in Illinois and is looking to invest in additional locations.


1 2 3 37

DOE EIA Weekly Gas Storage Report

Posted on: January 18th, 2018 by rgadmin

Working gas in storage was 2,584 Bcf as of Friday, January 12, 2018, according to EIA estimates.

This represents a net decrease of 183 Bcf from the previous week. Stocks were 368 Bcf less than last year at this time and 362 Bcf below the five-year average of 2,946 Bcf. At 2,584 Bcf, total working gas is within the five-year historical range.

011818


1 2 3 37

Utility To Lower Default Service Rates Due To Federal Tax Cuts

Posted on: January 18th, 2018 by rgadmin

Image result for energy choice

So, the tax cut you heard about is lowering electric rates.

Baltimore Gas and Electric filed to lower its electric rate by 15%. This is due to their corporate tax rate decreasing from 35% to 21%. No word on if salaries are increasing for their employees. This will undoubtedly be a trend for utilities.

Remember, a utility is a monopoly and they can only earn their guaranteed rate of return; any surplus has to be refunded to customers.

Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.

Realgy owns and operates 6 solar plants in Illinois and is looking to invest in additional locations.

Additional Information:
http://www.energychoicematters.com/stories/20180116b.html


1 2 3 37

DOE EIA Weekly Gas Storage Report

Posted on: January 11th, 2018 by rgadmin

Working gas in storage was 2,767 Bcf as of Friday, January 5, 2018, according to EIA estimates.

This represents a net decrease of 359 Bcf from the previous week. Stocks were 415 Bcf less than last year at this time and 382 Bcf below the five-year average of 3,149 Bcf. At 2,767 Bcf, total working gas is within the five-year historical range.

011118


1 2 3 37

Recent cold snap shatters Polar Vortex records for natural gas demand — could send bills surging

Posted on: January 11th, 2018 by rgadmin

636507510659612747-06-dk-snow06.jpg

Citizen’s Energy Group reported a record use of natural gas. Due to the recent polar vortex (when temperatures drop to well below 0) from Dec 26 through Jan 6 (10 days) over 5.6 million dekatherms were used; MORE THAN a 25 day supply during normal winter weather!

With the extreme cold you had price increases of about 3 times more than normal. Bills will be higher for January. However, more moderate winter weather is forecast so the increase will be temporary.

Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.

Realgy owns and operates 6 solar plants in Illinois and is looking to invest in additional locations.

Additional Information:
https://www.indystar.com/story/news/2018/01/09/recent-cold-snap-shatters-polar-vortex-records-natural-gas-demand-could-send-bills-surging/1013669001/

 


1 2 3 37

Electricity from Coal generation continues to decline in the US

Posted on: January 10th, 2018 by rgadmin

The Federal Energy Agency (FERC) looks ahead annually and forecasts the energy supply for all the generation sources in the US. In the most recent forecast, the energy source being reduced the most remains coal. Natural gas, wind and solar will contribute the most new generation in the coming years. This is the trend that has been in place for 10+ years. Last year was the first time that coal contributed less than ½ of all US electricity.

Coal generation continues to decline as does coal jobs while solar and wind jobs more than made up for the net loss of jobs. However, the wind and solar jobs are generally not located in areas where the coal jobs are lost (with the exception of Illinois, and Indiana).

proposed generation adds

Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.

Realgy owns and operates 6 solar plants in Illinois and is looking to invest in additional locations.

Additional Information:
https://www.utilitydive.com/news/ferc-20-gw-of-coal-capacity-headed-for-retirement-by-2020/514277/


1 2 3 37

DOE EIA Weekly Gas Storage Report

Posted on: January 4th, 2018 by rgadmin

Working gas in storage was 3,126 Bcf as of Friday, December 29, 2017, according to EIA estimates.

This represents a net decrease of 206 Bcf from the previous week. Stocks were 192 Bcf less than last year at this time and 192 Bcf below the five-year average of 3,318 Bcf. At 3,126 Bcf, total working gas is within the five-year historical range.

010418


1 2 3 37

DOE EIA Weekly Gas Storage Report

Posted on: December 21st, 2017 by rgadmin

Working gas in storage was 3,444 Bcf as of Friday, December 15, 2017, according to EIA estimates.

This represents a net decrease of 182 Bcf from the previous week. Stocks were 183 Bcf less than last year at this time and 84 Bcf below the five-year average of 3,528 Bcf. At 3,444 Bcf, total working gas is within the five-year historical range.

122117


1 2 3 37

NIPSCO receives multi-million dollar bailout for aging coal plants

Posted on: December 15th, 2017 by rgadmin

NIPSCO's R.M. Schahfer Generating Station in Wheatfield

What is the point of regulatory oversight if it fails to protect rate payers from unsustainable and higher cost decisions? NIPSCO the monopoly utility owns and operates aging coal facilities which are the costliest power plants to run in the entire area. NIPSCO admits that shutting them down WOULD SAVE money and cause less pollution.

HOWEVER, the Indiana regulators have approved their continued operation. If NIPSCO was a competitive business, these plants would be shut down. Indiana’s electric pricing is some of the highest in the area and this regulatory process explains why. The businesses and residents of Indiana deserve better oversight by their regulators.

Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.

Realgy owns and operates 6 solar plants in Illinois and is looking to invest in additional locations.

Additional Information:

http://www.wimsradio.com/2017/12/13/nipsco-receives-multi-million-dollar-bailout-for-aging-coal-plants/


1 2 3 37

DOE EIA Weekly Gas Storage Report

Posted on: December 14th, 2017 by rgadmin

Working gas in storage was 3,626 Bcf as of Friday, December 8, 2017, according to EIA estimates.

This represents a net decrease of 69 Bcf from the previous week. Stocks were 201 Bcf less than last year at this time and 27 Bcf below the five-year average of 3,653 Bcf. At 3,626 Bcf, total working gas is within the five-year historical range.

 

121417


Check Rates & Availability

Customer Service
877-300-6747 x1000

Live Call Center
877-431-8527

Sales 877-300-6747 x2000

EnterRealgy Office™
Access your account information.