Polar Vortex created record demand for natural gas
Written by Michael Vrtis, President of Realgy Energy Services in response to the USA Today article “Arctic blasts create record demand for natural gas”
The laws of supply and demand actually work; cold weather broke a 20-year record, energy consumption skyrocketed, and the prices went up.
Lake Michigan in Chicago, Illinois
How high?
The wholesale costs for January 2014 for deliveries into the Chicago market:
- Natural gas went from about $4.40 to nearly $18.00
- Electricity settled at over $0.750, where it is normally around $.035
Supply went up as the weather caused record energy demand and prices subsequently followed. No one went cold as supply kept up to demand; however, without advanced planning, you paid a lot more.
Realgy’s experience goes back to when we set the previous low temperature record. We were prepared for this eventuality, so our customers will pay far less with the use of Realgy’s ManagedPriceTM, storage, and PriceWatchTM.
Any good news?
Groundhogs Day on February 2, 2014 started with a shadow, so we should see 6 more weeks…but we are halfway through winter!
Check out the article in USA Today: “Arctic blasts create record demand for natural gas”
In Response to “Study: Solar could power more of Iowa’s energy needs”
Written by Michael Vrtis President of Realgy Energy Services in response to the Des Moines Register article Study: Solar could power more of Iowa’s energy needs
Iowa in addition to producing more corn and hogs than they consume could produce more solar energy!
GO IOWA!
In the article such factors as; declining costs of installing solar along with recognition of the environmental benefits (recognized by tax incentives) are driving such rapid growth and adoption of solar energy.
Realgy in completing 2 new installations now has 4 solar projects in Illinois generating 180,153 kWh producing roughly 0.4 % of the total energy we delivered into COMED for 2013…..while a contribution we clearly are no Iowa!
Check out The Des Moines Register article: Study: Solar could power more of Iowa’s energy needs
Realgy Energy Services
Realgy Energy Services was founded in 1999 by individuals who worked for many years with large utilities, energy service companies and energy marketers. Within these organizations they saw bureaucracy, the limitation of systems, software and in some cases poor management that prevented individuals from doing their job. They were determined to be different, and still are.
Two Characteristics set us apart:
First, Realgy Energy Services has invested in information technology that enables us to use our knowledge.
Second, is our ability to develop, negotiate and implement energy purchasing strategies.
In Response to “Carbon Taxes Make Ireland Even Greener”
Written by Michael Vrtis, President of Realgy Energy Services in response to the New York Times article “Carbon Taxes Make Ireland Even Greener”
Should the potential to emit greenhouse gases and deposit garbage in a landfill cost more than non-air emitting energy production and recycling?
Most states have passed laws to limit or prohibit smoking indoors primarily to protect others from the effects of second-hand smoke. Taxes on cigarettes have also increased as a way to fund prevention and reimburse states for the cost of care for those who develop diseases.
Should energy and waste be different?
Individual consumer choices of cars, appliances, and transportation have a direct impact on the emissions produced. For instance, some cars produce 80% less emissions than others for nearly the same footprint. Encouraging recycling by charging more to throw something away may possibly create some opportunities in the recycling industry. That is; there will be more people thinking about how to actually use what people throw away instead of burying it or burning it.
Whether it’s called carbon tax or not, the idea of accounting for the whole impact of energy and individual purchases (be it human health or environmental,) should be considered. It is already costing everyone something and now the question is: should that cost be shifted to those who produce more emissions and garbage?
Ireland and many states and cities are trying something else.
Check out the New York Times article:“Carbon Taxes Make Ireland Even Greener”