VaasaETT’s Post

📢 We just published the latest Household Energy Price Index results for the residential energy prices in 33 European capitals in May! #ΗΕPI ❓ ⚡What are the latest #electricity and #naturalgas end-user prices in your capital and how do they compare to the rest of Europe? How much have they changed since last month? 🔍 To examine each market separately and compare historical and latest #price data, use our visualisation tools ⬇ 📍 https://lnkd.in/dzu-di-4 💡 In May, European electricity prices remained stable with only marginal changes in some capitals and they are, on average, 8% lower than last year but still higher than pre-crisis levels. 🔎 Gas prices continued their downward trend, with some notable fluctuations driven by the ongoing tensions in the Middle East. 📧Remember to subscribe to the HEPI free newsletter and we will keep you updated on all the interesting developments every month! 📍 https://lnkd.in/d8gNRksx

How is falling demand impacting Third Party Costs? In his latest Intelligence article, Daniel Starman explores what's influencing demand reduction, and the confluence of high energy costs and increased BtM generation:

📢 Top UK Business Energy Statistics 📢 💡 Business electricity unit prices vary between 27.3p/kWh in London and 30.8p/kWh in North Wales, Merseyside, and Cheshire in 2024.* 💡 In 2022, chemical businesses consumed the most business electricity, followed by the food and beverage industry.* 💡 Over the past decade from 2012, the business electricity market has seen fluctuations in selling value. The average selling value increased from £32.4 billion in 2012 to £59.8 billion in 2022, which is an 84.7% increase over the 10 years!* Considering the energy market's volatility, how would your business cope with such increases over the next decade? That's why we've partnered with the ITI Group to offer 5 businesses the opportunity to win A Business Energy Health Check! The prize includes: 🟢 A comprehensive assessment of your business premises to identify how and where your business is using energy and where you could potentially start making savings. 🟢 A WAGO Energy Data Management kit that will allow you to implement the recommended changes and start your energy-saving journey! This is a great opportunity to future-proof your business! Enter the competition now! ➡ https://bit.ly/4awgKGZ * Data from Statista, UK Business Energy Statistic & Uswitch.com

ICYMI, folks in EIA's Office of Energy Statistics maintain an historical time series of scrubbed/aggregated U.S. EV charging infrastructure data (raw data source: DOE AFDC). It is updated monthly and is published as Appendix F in the Monthly Energy Review (https://lnkd.in/emXaQ6t2). The microdata file (zip) is available for download at the link.

PJM capacity prices are exploding! PJM’s recent Base Residual Auction (BRA) results have sent shockwaves through the energy industry. Capacity prices for the 2025/26 plan year are set to skyrocket, increasing by over 800% compared to current rates. This dramatic surge in capacity prices will have a profound impact on commercial and industrial (C&I) customers, with average electricity costs increasing by approximately 1.5 cents per kilowatt-hour for the average facility. Are you prepared for the impact on your energy costs? Learn how battery storage can be your financial lifeline. Check out our latest blog post to discover how Intelligent Generation can help you navigate this energy crisis. https://lnkd.in/eu7qDKaW #IntelligentGeneration #EarnSaveProtect #PJM #capacitymarket #batterystorage #energycosts #energymanagement

PJM Peak Demand Alert Today, Tuesday, June 18, 2024, is the second PJM Peak Demand Alert that Muirfield Energy has distributed since June 17, 2024. The forecasted peak demand for today is 147,793 megawatts. Today may possibly be one of the final 5CP days for the summer of 2024. We HIGHLY recommend that you curtail your usage today between the hours of 3:00 p.m. EST to 6:00 p.m. EST. https://lnkd.in/gT7eCD5S

Discover the power of energy flexibility! 🌍💡 A new study reveals that you could slash your electricity bill by 7% by 2030 and a whopping 10% by 2050 in the EU and the UK. How? Simple tweaks in your consumption habits can make a big difference ⚡ Curious to see these savings in action? Dive into the innovative smart and fair neighborhood trials we helped conduct as part of Project LEO! 🏡✨https://lnkd.in/evXJwgDq https://ow.ly/RSWE50Q9MZs

On Friday 23 February, Ofgem is expected to confirm the price cap setting the maximum amount that suppliers can charge for units of gas and electricity from 1 April to 30 June 2024. The exact amount a household spends on energy will depend on how many units they use. According to the latest price cap forecast by Cornwall Insight, annual energy bills for a typical dual fuel household paying by direct debit are expected to be around £1,635 - a reduction from the current price cap level of £293. Read our chief executive Mike Thornton’s response to Cornwall Insight's forecast: https://lnkd.in/ebZmjN86

🔊 It is coming very soon (15.02.2024) ▶ the first webinar in 2024 about Energy Efficiency Policies for Data centres! 👂👀 Data centre operators, managers, technical experts, policy-makers, IT service providers, and students are all welcome to participate and get insights from this work of the Electronic Devices and Networks Annex - EDNA.

🛟 Ensuring efficient cross-border electricity trading is the lifeline of the integrated European energy market. Defining the methodologies for calculating available cross-zonal trading capacities, EU Agency for the Cooperation of Energy Regulators (ACER) is responsible to keep everything in check. 💪 ✨ To ensure that our grids stay fit and proper, this year, ACER is refining how intraday cross-zonal electricity trading capacity is calculated in the Core region using the flow-based approach. The amendments aim to enhance the existing methodology implemented in 2022. These updates will: 🔷 Improve accuracy in forecasting available transmission capacities between bidding zones 🔷 Enhance coordination between transmission system operators (TSOs) 🔷 Increase efficiency in utilizing cross-border infrastructure for trading 🔷 Support better integration of European electricity markets The flow-based approach defines available capacities using more complex power flow calculations compared to the traditional coordinated Net Transfer Capacity method. This provides a more realistic view of the entire grid for optimal capacity allocation. ⚡The new intraday calculations going live in July will facilitate cross-zonal trading by making better use of interconnectors. This supports the EU's goal of an integrated internal energy market. How will these improved capacity calculations impact your operations and cross-border trading strategies, whether you are an energy trader, TSO, or simple market participant? Let us know in the comments! #energytrading #energymarkets #powergrid #utilities