During Constellation’s October Energy Market Intelligence Webinar, the Commodities Management Group (CMG) provided comprehensive coverage of current and future factors affecting...

The post Webinar Analysts: Winter Weather Outlook, Natural Gas Production and Summer Performance appeared first on Constellation's Energy4Business Blog.

During Constellation’s October Energy Market Intelligence Webinar, the Commodities Management Group (CMG) provided comprehensive coverage of current and future factors affecting the energy landscape, including the impact of the government shutdown on energy markets, winter weather outlooks, natural gas market fundamentals and summer performance recaps.

Weather Report

Thus far, fall has been characterized by a mild to warm weather pattern, with above-normal temperatures in many regions. Overnight heating demand is starting to increase in the Great Lakes and Northeast, but the heating season is expected to have a slow start, especially in the eastern U.S. Looking forward to winter, the forecast leans toward a colder-than-normal winter for the US, especially compared to the 10-year average. Neutral ENSO conditions and potential negative North Atlantic Oscillation (NAO) phases could promote cold air outbreaks. The Pacific Northwest is expected to see above-normal precipitation and snowpack, while central and southern California may experience a drier-than-normal winter. Drought conditions are likely to persist in the Midwest, Ohio Valley, and interior Northeast.

The 2025 hurricane season has been relatively mild for the U.S., with most tropical storms developing in the Atlantic and curving away from the mainland. No major storms have hit the Caribbean or the U.S. directly this year.

Government Shutdown Impact on Energy

On October 1^st the federal government began a shutdown which caused some immediate, short-term effects to energy markets and may have longer-term impacts if prolonged. In the near-term, a short shutdown can cause delays in data reporting and some short-term market volatility. A longer shutdown may delay critical permits for pipelines, generation facilities and other infrastructure projects and may cause market participants to move towards private or subscription-based data rather than the usual consensus, public data from the Energy Information Administration (EIA).

Natural Gas Fundamentals

U.S. natural gas production has been seeing record high numbers, with September averaging around 107.7 Bcf/day up from 101-102 Bcf/day last year. This record production has led to healthy storage levels, well above the five-year average. With all-time high storage levels, there is confidence that there will be enough supply for the winter months.

Liquified Natural Gas (LNG) exports are also strong and are expected to see further growth as new export facilities Calcasieu Pass 2, Corpus Christi and Woodside come online. LNG project financing has been on a record pace with over 7.5 Bcf/d of projects reaching Final Investment Decision since the end of April.

Summer Performance Recap

This summer has seen record load growth, even with lower temperatures, as AI data centers, cryptocurrency miners and industry reshoring has driven a 2% national load growth year-over-year. ERCOT saw a 4.6% increase in power demand year-over-year. On August 18th, the grid nearly set a new all-time peak, but demand response programs and crypto miners helped shave load and avoid surpassing previous records. PJM grew just under 2% and ISO-NE experienced a record number of “duck curve” days, where midday solar output pushed net load below overnight levels. By early September, New England had already reached 100 such days, compared to 107 for all of 2024.

The team also covered recent Department of Energy (DOE) initiatives and the impacts they may have on the energy market. Consumers Energy’s 1.6GW J.H. Campbell Station has been ordered to stay open until November 19^th and Constellation’s 380MW Eddystone Power Plants has been ordered to stay open until November 26^th. The DOE also has several initiatives to revive the coal industry offering dollars to recommission existing plants and opening federal land for coal leasing.

Market Trends and Temperature

The webinar concluded with a look at forward power charts, including conversations about “the right time to buy,” the “Market Temperature” and other factors affecting the energy market.

View Webinar Recording

We invite you to join us for our next Energy Market Intel Webinar on Wednesday, November 19 at 2 pm ET. Constellation will offer detailed and timely updates on factors affecting the energy landscape such as weather, natural gas storage and production, and domestic and global economic conditions. Register by visiting  www.constellation.com/marketintelwebinar.

© 2025 Constellation. The offerings described herein, if applicable, are those of either Constellation NewEnergy, Inc. or Constellation NewEnergy-Gas Division, LLC, affiliates of each other. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved.  The Webinar, and this written recap, reflect the views, thoughts and opinions of each speaker and not necessarily the speaker’s employer (including Constellation Energy Corporation or any of its affiliates), organization, committee or other group or individual. Constellation does not make and expressly disclaims any express or implied guaranty, representation or warranty regarding any opinions or statements set forth herein or in the webcast. Constellation shall not be responsible for any reliance upon any information, opinions, or statements contained in the webcast or for any omission or error of fact.

The post Webinar Analysts: Winter Weather Outlook, Natural Gas Production and Summer Performance appeared first on Constellation's Energy4Business Blog.

During Constellation’s September Energy Market Intelligence Webinar, the Commodities Management Group (CMG) provided comprehensive coverage of current and future factors affecting...

The post Webinar Analysts: Capacity Auction Impacts, Trade Negotiations and High Natural Gas Production appeared first on Constellation's Energy4Business Blog.

During Constellation’s September Energy Market Intelligence Webinar, the Commodities Management Group (CMG) provided comprehensive coverage of current and future factors affecting the energy landscape, including the influence of trade negotiations on energy exports, high natural gas production, offshore wind industry challenges and the impacts of recent capacity auctions in PJM and MISO.

Weather Report

The Constellation weather team provided a look back at the summer, which has ended as the 10^th hottest summer on record primarily driven by warm overnight temperatures rather than extreme daytime highs. The tropical storm season has been unusually quiet, although an increase in tropical activity is anticipated later in September.

The team then looked at the fall and winter weather outlooks. The El Niño Southern Oscillation (ENSO) signal is currently neutral to weak La Niña, suggesting a colder weather pattern in the Fall and variable weather in the winter. A more accurate winter outlook is expected at the end of September.

All Things Economic

Chief Economist Ed Fortunato discussed some geopolitical factors that are impacting energy trade. The U.S. has been leveraging natural gas and oil exports in trade negotiations to reduce tariffs with major trading countries. Countries such as South Korea, India, Mexico and the EU have committed to increasing their energy purchases from the U.S. in exchange for reduced tariffs. This shift is significant for the EU, which is diversifying from Russian natural gas. To meet this increased demand, the U.S. liquefied natural gas (LNG) export capacity has increased from 8.5 Bcf/day during the first Trump administration to nearly 17 Bcf/day today. Recent trade negotiations have resulted in over $1 trillion in commitments to buy U.S.-sourced energy by the end of the decade. Whether the U.S. energy industry can scale to meet this demand remains an open question.

Natural Gas Supply & Demand Fundamentals

As natural gas markets have stayed balanced, with prices hovering around $3/MMBtu, natural gas production has remained robust throughout the summer, averaging around 107 Bcf/day in August. Due to the high production numbers, storage levels have also been strong, leading to storage levels slightly below last year’s numbers, but still above the five-year average. The Energy Information Administration (EIA) projects that storage levels will reach around 3.9 Tcf by the end of the injection season.

Offshore Wind Projects Face Roadblocks

In-progress and planned offshore wind projects have faced significant setbacks due to new federal policy actions. Various Executive Orders have halted offshore wind leasing and permitting processes, causing many projects, like Empire Wind and Revolution Wind, to stop development. Other offshore wind projects in Maryland and New England, including South Coast Wind and New England Wind, also face potential halts. These projects represent nearly 8 GW of expected capacity.

As of Monday, September 22, a federal judge has ruled that Revolution Wind can resume construction.

Capacity Auction Results

The PJM capacity auction for the 2026-27 power year cleared at the price cap of $329 per MW-day, which was a 22% increase over the previous auction. This increase was driven by a rise in capacity requirements and growing data center loads.   The reserve margin procured for the entire RTO, which includes FRR load, was 18.9%, or 0.2 percentage points lower (or 309 MW ICAP lower) than the target reserve margin of 19.1%. Energy efficiency measures were excluded from participation and demand response remained flat. Without the price cap, auction prices could have reached $389 per MW-day.

MISO announced a software error in its planning reserve margin calculations since 2017, where an all-hours approach was used instead of a daily peak hour methodology, resulting in overstated reserve margins. This affects the 2025-26 planning year auctions. Instead of rerunning auctions, MISO will recalculate reserve margins and reliability-based demand curves, likely lowering clearing prices. Resettlements will be phased through November to December 2025, with adjustments communicated to market participants.

Market Trends and Temperature

The webinar concluded with a look at forward power charts, including conversations about “the right time to buy,” the “Market Temperature” and other factors affecting the energy market.

View Webinar Recording

We invite you to join us for our next Energy Market Intel Webinar on Wednesday, October 8 at 2 pm ET. Constellation will offer detailed and timely updates on factors affecting the energy landscape such as weather, natural gas storage and production, and domestic and global economic conditions. Register by visiting  www.constellation.com/marketintelwebinar.

© 2025 Constellation. The offerings described herein, if applicable, are those of either Constellation NewEnergy, Inc. or Constellation NewEnergy-Gas Division, LLC, affiliates of each other. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved.  The Webinar, and this written recap, reflect the views, thoughts and opinions of each speaker and not necessarily the speaker’s employer (including Constellation Energy Corporation or any of its affiliates), organization, committee or other group or individual. Constellation does not make and expressly disclaims any express or implied guaranty, representation or warranty regarding any opinions or statements set forth herein or in the webcast. Constellation shall not be responsible for any reliance upon any information, opinions, or statements contained in the webcast or for any omission or error of fact.

The post Webinar Analysts: Capacity Auction Impacts, Trade Negotiations and High Natural Gas Production appeared first on Constellation's Energy4Business Blog.

PJM Interconnection, L.L.C., the Regional Transmission Organization (RTO) representing a large portion of the eastern United States, announced the results...

The post Understanding the 2026/27 PJM BRA Capacity Auction Results appeared first on Constellation's Energy4Business Blog.

PJM Interconnection, L.L.C., the Regional Transmission Organization (RTO) representing a large portion of the eastern United States, announced the results of its Base Residual Auction (BRA) for capacity on July 22, 2025.  The auction secured 134,311 MW of unforced capacity (UCAP) and demand response to meet projected electricity needs for more than 67 million people across the PJM region. Capacity prices hit the cap price of $329.17 MW/day for 2026/27, a 22% increase from the prior auction results for the RTO zones for 2025/26 which already represented an almost 800% increase compared to 2024/25 results for RTO. Understanding these results and properly planning for peak demand periods can help energy managers to manage costs and make informed energy decisions.

As a reminder, customers pay not only for the energy they consume, but also for energy that needs to be available to serve their account(s) and the grid based on their usage or demand during peak hours when the grid is most constrained. This typically materializes in the form of a capacity cost, which can make up to 30% or more of a customer’s power supply charges.*

What is the PJM Base Residual Auction (BRA)?

The PJM BRA is typically held annually three years in advance of the Delivery Year (though this has not been the case in the recent past due to auction delays) and secures commitments from electricity suppliers to provide capacity to meet the forecasted demand for electricity in the PJM region. Owners of existing fossil and renewable resources are required to offer their capacity for a one-year term, traditionally three years in advance. This process is designed to procure enough supply-side or load-management capacity to meet peak demand, maintaining a stable and reliable supply for customers.

Forecasted Demand

Peak load for the 2026/2027 BRA increased year over year by more than 5,400 MW, largely driven by data center expansion, electrification and economic growth in the area. PJM secured 134,311 MW (UCAP) and demand response to meet projected electricity needs, with 135,192 MW offered-in, a decline in offers of 501 MW (UCAP) from last year. This cleared volume was just over the projected reliability requirement. Gas-fired generation accounted for 45% of the cleared capacity, followed by nuclear at 21%, coal at 22%, hydroelectric at 4%, wind at 3% and solar at 1%, according to PJM.  Demand response offered in the auction was essentially flat from the previous year at 8,010 MW.

Options Available to Businesses

The less energy a business uses during peak-setting hours when the system is most constrained, the lower their capacity costs can be. If businesses can effectively reduce their consumption during a few peak hours in the summer, they may be able to reap significant savings in future capacity costs.  For example, a 1 MW reduction in a customer’s capacity obligation in PJM for planning year June 2025 to June 2026 for a customer who pays for capacity on a fully passed-through basis, would have resulted in savings of almost $100,000 over that period in RTO zones like ComEd, PECO, MetEd, etc. Other zones like BGE would have seen even higher savings in this example.*  Additional opportunities for savings or revenues are available through various energy optimization services and programs.

As the demand for energy grows and costs increase, businesses need flexible solutions that reduce strain on the grid while delivering financial and operational value. Constellation’s Energy Optimization services, which include options powered by GridBeyond’s intelligent energy platform, can help businesses find opportunities to reduce costs, earn revenue and support grid resiliency through strategic load response programs.

Constellation has a variety of tailored strategies including solutions that use machine learning to analyze equipment and market data, identifying the optimal times to curtail. These strategies can provide cost-effective ways to reduce peak demand, avoid new generation costs and improve grid efficiency, while minimizing operational impacts:

• Peak Response: Reduces demand-based charges, such as capacity and transmission costs, by curtailing your load when Constellation notifies of peak demand hours on the grid.
• Demand Response: Can enable businesses to generate revenue through participation in load response programs offered by grid operators.

Backed by predictive analytics and automation, we offer programs designed to maximize value and efficiency, helping businesses tailor their energy strategies to meet their unique operational or sustainability needs without compromising performance.  To learn more about the changing energy landscape or about solutions we offer, contact your Constellation representative or subscribe at https://constellation.com/subscribe.

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*Costs and potential savings will vary by customer based on various factors such as load profile, ISO, product, and term.

 © 2025 Constellation. The offerings described herein are those of either Constellation NewEnergy, Inc., Constellation NewEnergy-Gas Division, LLC or Constellation Navigator, LLC, affiliates of each other. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved.  

The post Understanding the 2026/27 PJM BRA Capacity Auction Results appeared first on Constellation's Energy4Business Blog.

Sustainability initiatives are becoming an increased focus for businesses as they aim to reduce their carbon footprints, making the advancement...

The post Advancing from Annual to Hourly Carbon-Free Energy Matching appeared first on Constellation's Energy4Business Blog.

Sustainability initiatives are becoming an increased focus for businesses as they aim to reduce their carbon footprints, making the advancement towards cleaner energy sources a strategic imperative for companies. As part of this commitment, many organizations are embracing the Science Based Targets initiative (SBTi), driving the adoption of energy efficiency projects, renewable and carbon-free energy, and sustainable supply chains.

Annual carbon-free energy products have played a crucial role in helping businesses meet their sustainability goals. These proven solutions have provided a solid foundation for reducing greenhouse gas emissions and promoting renewable energy adoption. As the urgency to address climate change increases, companies are also exploring additional solutions that complement their existing strategies and annual carbon-free energy products.

Implementing Annual Matching Solutions

Businesses have a variety of solutions they can adopt to reduce Scope 2 greenhouse gas emissions and support zero-carbon electricity generation. Some of these solutions include:

• Emission-Free Energy Certificates (EFECs): A cost-effective alternative to renewable energy purchases, allowing businesses to quickly begin their journey towards lower emissions.
• Renewable Energy Certificates (RECs): Supporting sustainability goals by representing the environmental benefits of renewable energy.
• Constellation Offsite Renewables (CORe): Integrating renewable energy purchases from existing or new build renewable generation assets into a load-following energy supply agreement.

Annual matching products provide significant benefits and put businesses on the right path towards reaching their sustainability goals. Businesses can achieve more granular targets with solutions that align energy usage with clean energy sources on an hourly basis.

Transitioning to Hourly Carbon-Free Energy Matching

Hourly carbon-free energy (CFE) matching incorporates both time and location-based CFE criteria. This approach allows businesses to match their energy usage on an hourly basis, ensuring that their consumption is matched with supply from the same regional grid every single hour. Constellation can enhance your sustainability strategy by integrating both new and prior carbon-free purchases into your overall CFE strategy, providing a comprehensive approach to carbon reduction.

Purchasing hourly CFE through Constellation can help your business:

• Achieve Real-Time Impact: Match carbon-free generation with your consumption hour by hour, including tracking and reporting of hourly usage, generation and emissions.
• Enhance Transparency: Ensure your electricity consumption is matched with attributes (RECs or EFECs) from carbon-free generators in your grid for each hour.
• Monitor Progress: Track progress on-demand through Constellation’s Hourly CFE Dashboard, available in Constellation’s digital platform.
• Ensure Compliance: Ensure hourly retirements of RECs and EFECs in the PJM GATS registry at year-end.*

Increasing Impact with Hourly Matching

Hourly carbon-free energy matching helps businesses both meet their environmental goals and drive significant advancements in the broader energy landscape. By aligning energy consumption with carbon-free generation on an hourly basis, companies can ensure their operations are consistently powered by clean energy. Additionally, customers who choose to enhance their sustainability strategy through CORe+ products for their PJM accounts have the option to exchange their project RECs for other time-matched carbon-free energy (CFE) attributes during certain periods, enabling them upgrade to a full 24/7 CFE match.

The impact of the hourly CFE product is substantial. It has facilitated the procurement of 3.5 million MWhs of hourly-matched energy, supporting customers’ sustainability goals. This amount of clean energy is equivalent to the carbon sequestering nearly 1.4 million acres of US forests in a year, or the emissions from 324,360 gas-powered cars driven for one year – a significant sustainability impact.

Join Constellation in the Clean Energy Revolution

At Constellation, we are committed to transforming the energy landscape by offering innovative carbon-free solutions. Our mission is to empower businesses to achieve their sustainability goals through solutions that align with their operational needs. By adopting hourly CFE matching, businesses can play a crucial role in reducing greenhouse gas emissions and promoting a cleaner future.

Take Action

Elevate your business’s sustainability strategy with the transformative potential of hourly carbon-free energy matching. Download Constellation’s White Paper on Preparing for the Next Stage of Corporate Clean Energy Procurement to learn more about how our hourly CFE matching product can drive significant environmental impact and help your business advance towards a more sustainable future.

*Hourly retirements of RECs and EFECs are available in the PJM region only.

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© 2025 Constellation. The offerings described herein, if applicable, are those of either Constellation Navigator, LLC, Constellation NewEnergy, Inc. or Constellation NewEnergy-Gas Division, LLC, affiliates of each other. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved. 

The post Advancing from Annual to Hourly Carbon-Free Energy Matching appeared first on Constellation's Energy4Business Blog.

As energy markets evolve and sustainability goals become more ambitious, businesses face growing pressure to manage their electricity use while...

The post Plugged In Podcast: Reshaping Energy Strategy with Demand Response appeared first on Constellation's Energy4Business Blog.

As energy markets evolve and sustainability goals become more ambitious, businesses face growing pressure to manage their electricity use while reducing emissions. At the same time, the grid is becoming more dynamic, with conditions that shift quickly and prices that respond to demand in real time.

Demand response programs can help businesses stay flexible to navigate these changes. By participating in the programs and adjusting energy use during key times, such as when prices spike or the grid is under stress, businesses can lower costs, earn incentives and support grid reliability. These programs are becoming increasingly important across industries as more companies look for ways to make their operations more efficient and better equipped for today’s energy challenges.

Navigating Market Shifts with Demand Response

Demand response programs incentivize businesses to shift or reduce energy use during periods of high demand or market volatility. Participation is growing, especially among companies looking to improve efficiency and reduce risk. Combined with strategic tools and solutions, these programs go beyond cost management to help businesses stay competitive in a changing energy landscape.

Leveraging Flexibility to Manage Costs

Adapting energy use to changing conditions is one of the most effective ways businesses can manage costs and improve efficiency. Whether by shifting production schedules, cycling equipment or temporarily reducing load, the ability to adjust energy use helps organizations avoid high costs and generate additional revenue.

Businesses that can respond to real-time market conditions or pricing signals are better positioned to:

• Avoid high tariffs and demand charges
• Reduce exposure to price volatility
• Earn incentives or revenue and capture on-bill savings
• Support a more stable and reliable grid

With the right tools in place, even small operational adjustments can lead to significant results.

Using Technology to Stay Ahead

Technology is transforming how businesses manage energy. GridBeyond’s AI-powered platform helps customers make smarter decisions by analyzing equipment and market data in real time. This enables businesses to identify optimal times to reduce energy use, helping maximize value while keeping operations running smoothly.

Some of the platform’s key features include:

• Smart asset management and automation
• Digital twin modeling to simulate assets, optimize performance, enable predictive maintenance and forecast availability and flexibility for market participation
• Access to multiple markets such as Demand Response and Ancillary Services
• Revenue stacking through advanced algorithms
• Deep learning to optimize participation

These tools make it easier to participate in demand response programs with confidence. As energy markets continue to evolve, using intelligent automation can help businesses stay aligned with market shifts and maintain a competitive edge.

Exploring Load Response Strategies

Demand response isn’t one-size-fits-all. Businesses need options that reflect their operations, risk tolerance and energy goals. A variety of load response strategies are available to help organizations participate in ways that make sense for them, including:

• Peak Response: Reduce demand-based charges by voluntarily curtailing load during peak grid hours
• Price Response: Receive additional revenue through on-bill credits by reducing load during high market prices
• Demand Response: Generate revenue through grid operator programs

Whether a business is just beginning to explore demand response or looking to enhance an existing strategy, there is a load response solution to fit its needs. By tailoring participation to operational requirements and risk tolerance, businesses can find new ways to generate revenue while contributing to a more resilient energy grid.

Maximizing Value with Constellation’s Energy Optimization Services

Implementing an effective demand response strategy can be complex. By working with a provider that is focused on business goals, make smarter, faster energy decisions can be made without compromising operations. Constellation’s Energy Optimization services, powered by GridBeyond’s intelligent platform, make it easy for businesses to participate in various load response programs with greater control. Through the use of AI and machine learning, these tools analyze equipment and market data in real time – enabling more informed decisions about when and how to reduce energy use.

Businesses can choose the level of automation that fits their operations, from fully automated to more hands-on strategies. Whether responding to voluntary peak load and price signals or ISO-backed events, Constellation’s flexible approach makes it easier to participate in ways that align with operational goals.

By combining intelligent technology with adaptable program design, Constellation and GridBeyond help businesses turn energy flexibility into a strategic advantage. No matter where an organization is in its journey, these services are built to help them work towards a more resilient, cost-effective future.

Learning More with Our Podcast

Gain more insights into energy reporting by listening to our podcast, “Plugged In: Exploring Energy.” In the latest episode, hosted by Abhinav Krishna, Vice President for Commercial & Development at Constellation, we cover the topics discussed here as well as additional ones with Joe Hayden, North American Sales Leader at GridBeyond. Listen to our series for insights into how AI and automation are transforming demand-side energy management, unlocking new value streams and supporting grid reliability.

By addressing these challenges and offering custom solutions, Constellation is leading the way in the transition to a sustainable and reliable energy future. Join us on this journey and discover how we can help you achieve your energy goals.

Listen to the Podcast

© 2025 Constellation. The offerings described herein, if applicable, are those of either Constellation NewEnergy, Inc. or Constellation NewEnergy-Gas Division, LLC, affiliates of each other. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved.  The views, thoughts and opinions expressed in the blog and podcast by each participant belong solely to the speaker and not necessarily to the speaker’s employer (including Constellation Energy Corporation or any of its affiliates), organization, committee or other group or individual. Constellation does not make and expressly disclaims, any express or implied guaranty, representation or warranty regarding any opinions or statements set forth herein or in the webcast. Constellation shall not be responsible for any reliance upon any information, opinions, or statements contained in the webcast or for any omission or error of fact.

The post Plugged In Podcast: Reshaping Energy Strategy with Demand Response appeared first on Constellation's Energy4Business Blog.

During Constellation’s July Energy Market Intelligence Webinar, the Commodities Management Group (CMG) provided comprehensive coverage of current and future factors affecting...

The post Webinar Analysts: Energy Policy, Summer Weather Patterns, Capacity Auctions appeared first on Constellation's Energy4Business Blog.

During Constellation’s July Energy Market Intelligence Webinar, the Commodities Management Group (CMG) provided comprehensive coverage of current and future factors affecting the energy landscape, including the influence of recent legislation, weather patterns, natural gas production, LNG exports and recent regional capacity auctions.

Weather Report

Chief Meteorologist Dave Ryan provided an analysis of the ongoing summer heat wave, highlighting that the eastern United States is experiencing high humidity and above-normal temperatures due to a dual ridge pattern above the western Great Basin. This pattern has resulted in elevated cooling degree days (CDDs), with the summer currently ranking as the third hottest on record. The forecast calls for continued warm and humid conditions through July, with August’s tropical activity likely to determine whether this summer will rank among the hottest on record. Above normal temperatures in the Atlantic Ocean are fueling an active hurricane season, particularly in the Gulf region.

Impact of the “One Big Beautiful Bill” (OB3) on Energy Policy

David Gilbert, Vice President for Federal Government Affairs, explained the, “One Big Beautiful Bill” (OB3) fiscal package signed into law by President Trump. This legislation impacts the Inflation Reduction Act’s energy tax credits, affecting solar, wind, nuclear, hydrogen and carbon capture sectors. Gilbert highlighted the political complexity and compromises that shaped the bill, including the elimination of punitive excise taxes on renewables and the challenges posed by executive orders to the wind and solar industries.

Natural Gas Fundamentals & LNG Export Developments

The team covered natural gas fundamentals, noting all-time high production levels of about 106 Bcf/day month-to-date in July, resulting in pricing signals around $3.50/MMBtu. On the storage side, second quarter injections helped offset the deficit created by winter demand. Since June 1, power burns are six percent lower than last year, as higher natural gas prices and increased coal generation have reduced gas-fired generation.

Looking at Liquified Natural Gas (LNG), export terminal development continues to accelerate, with multiple projects in Canada and the U.S. progressing toward operation in the late 2020s. Europe continues to be the primary destination, while LNG Canada offers direct access to Asian markets. As Canadian gas gains export flexibility, U.S. gas prices may become more linked to international prices.

Electricity Market Dynamics & Capacity Auctions

Detailing some recent high-demand events and grid challenges from June heat waves, PJM and ISO-NE experienced some of their highest peak loads in years. Real-time prices spiked into four-digit levels as solar generation declined in the evening and grid operators relied on older, expensive oil-fired units. On the evening of June 24, ISO-NE declared a capacity deficiency, issued a Power Caution and took additional actions to maintain grid reliability during what may have been the highest peak load since 2013 – driven by extreme heat and humidity.

PJM’s 2026-27 capacity auction closed with strong demand growth driven by data centers and electrification and economic growth. .  Capacity auction prices cleared the maximum revised cap of $329/MW-Day as of Tuesday, July 22, reflecting tight supply and the growing need for new dispatchable resources.

“This is a continuation of trends that we’ve been seeing: a tightening of the supply and demand conditions,” Stu Bresler, executive vice president of PJM market services and strategy, said in a press briefing after results were announced July 22.

PJM’s forecast peak load for 2026/27 increased by 5,446 MW from last year due to data center expansion, electrification and economic growth. “It’s probably a true statement to say that the majority of the demand increase we saw was … those data center additions,” Bresler said. (Source: RTO Insider).

Market Trends and Temperature

The webinar concluded with a look at forward power charts, including conversations about “the right time to buy,” the “Market Temperature” and other factors affecting the energy market.

View Webinar Recording

We invite you to join us for our next Energy Market Intel Webinar on Wednesday, September 10 at 2 pm ET. Constellation will offer detailed and timely updates on factors affecting the energy landscape such as weather, natural gas storage and production, and domestic and global economic conditions. Register by visiting  www.constellation.com/marketintelwebinar.

© 2025 Constellation. The offerings described herein, if applicable, are those of either Constellation NewEnergy, Inc. or Constellation NewEnergy-Gas Division, LLC, affiliates of each other. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved.  The Webinar, and this written recap, reflect the views, thoughts and opinions of each speaker and not necessarily the speaker’s employer (including Constellation Energy Corporation or any of its affiliates), organization, committee or other group or individual. Constellation does not make and expressly disclaims any express or implied guaranty, representation or warranty regarding any opinions or statements set forth herein or in the webcast. Constellation shall not be responsible for any reliance upon any information, opinions, or statements contained in the webcast or for any omission or error of fact.

The post Webinar Analysts: Energy Policy, Summer Weather Patterns, Capacity Auctions appeared first on Constellation's Energy4Business Blog.

Energy purchasing decisions can have a significant impact on a business’s budget. As organizations face pressure to manage costs, reduce risk...

The post Choosing the Right Energy Supplier to Support Financial Goals appeared first on Constellation's Energy4Business Blog.

Energy purchasing decisions can have a significant impact on a business’s budget. As organizations face pressure to manage costs, reduce risk and meet sustainability goals, choosing the right supplier and product is essential. With a well-aligned strategy and a trusted provider, businesses can reduce exposure to market volatility, improve budget predictability and support long-term financial goals.

Understanding Your Load Profile

Prior to choosing a product type, businesses should analyze their energy consumption patterns over time. The resulting load profile can provide insights that significantly impact contract structure, pricing strategy and operational efficiency. Businesses should ask the following questions to better understand their energy usage and inform decision-making:

• When does the facility use the most electricity?
• Are there seasonal or daily peaks in demand?
• Is usage consistent over time?
• Do we have flexibility in our operations?

Energy suppliers will tailor pricing and contract structures to better fit operational needs based on business profiles. For example, a business with predictable, off-peak usage may benefit from buying index rates, while facilities with highly variable demand patterns may need a strategy to manage fixed rates and capacity charges.

Load profiling may also identify inefficiencies like equipment running unnecessarily during off-hours, or opportunities for automation or operational adjustments that reduce costs.

Evaluating Price Options to Support Budget Goals

When evaluating supplier options, one of the first decisions businesses face is how to structure their energy pricing. Choosing the right product type depends on a business’s energy usage patterns, financial goals and risk tolerance. Understanding available pricing structures is key to building a strategic energy plan.

• Fixed Price Solutions: Businesses can lock in a consistent rate per kilowatt-hour (kWh) for the length of their contract — anywhere from 12 to 36 months or longer. Fixed-price solutions offer price stability and simplify budgeting by reducing exposure to market fluctuations.
• Index Price Solutions: Energy rates fluctuate based on real-time wholesale market conditions. This approach provides flexibility and potential savings when prices fall but also carries the risk of higher costs during periods of high pricing or high demand.
• Layered or Managed Solutions: A blended strategy combines fixed and index pricing, allowing businesses to secure a portion of their load at a fixed rate while the remainder follows market trends. This strategy balances cost certainty with the opportunity to benefit from favorable market conditions.

Although businesses should choose purchasing strategies based on their unique needs, budget goals and risk tolerance, a Constellation study that tested 73 different strategies across four Independent System Operators (ISOs) revealed that a layered or managed solution often delivers significant benefits, including effective management of both risk and price.

Improving Budget Predictability Through Peak Shaving and Demand Response

Peak shaving is a targeted strategy that helps businesses reduce electricity costs by minimizing usage during the most expensive times of the year. These peaks often occur during extreme weather, such as summer months when it’s very warm, or from unexpected stress on the grid, when energy prices and capacity charges are at their highest.

This is important because a business’s capacity charges are based on its highest usage during these peak periods. Even a short spike in demand can significantly increase costs for the entire year.

Peak shaving strategies include:

• Load shifting: Moving energy-intensive processes to off-peak hours to avoid triggering peak demand charges.
• Battery storage: Using stored energy during peak periods to reduce reliance on high-cost grid electricity.
• Demand response programs: Participating in utility or supplier programs that offer financial incentives for reducing load during peak events.

By proactively managing peak demand, businesses can lower their capacity charges, reduce strain on the grid and even generate revenue through demand response programs.

Optimizing Your Costs with Constellation

Choosing an energy supplier is a critical step in building a purchasing strategy that supports long-term financial and operational goals. With the right provider and a data-informed approach, businesses can manage risk, control costs and support long-term financial performance.

At Constellation, we offer a strategic approach supported by market insights and a broad range of solutions to help businesses take greater control of their energy budgets. Contact one of our representatives today to learn how Constellation can enhance your energy strategy and support your business goals.

Contact Us

© 2025 Constellation. The offerings described herein are those of either Constellation NewEnergy, Inc., Constellation NewEnergy-Gas Division, LLC or Constellation Navigator, LLC, affiliates of each other. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved.  

The post Choosing the Right Energy Supplier to Support Financial Goals appeared first on Constellation's Energy4Business Blog.

Interested in understanding whether there are enough resources available  to meet expected peak demand and maintain grid stability? The Midcontinent...

The post Understanding the MISO Planning Resource Auction Changes appeared first on Constellation's Energy4Business Blog.

Interested in understanding whether there are enough resources available  to meet expected peak demand and maintain grid stability? The Midcontinent Independent System Operator (MISO), which manages the electric grid across 15 U.S. states in the Midwest and the South, plays a key role in this process through its Planning Resource Auction (PRA). By understanding the basics of the PRA, the reasons behind recent increases and options available, businesses can make informed decisions and plan effectively.

Exploring the MISO Planning Resource Auction

The MISO PRA is held annually as a tool for electricity suppliers to procure enough available power to meet projected demands at peak times throughout the upcoming planning year. Through the auction, MISO ensures a competitive market environment where electricity generation resources can offer capacity, and electricity suppliers can purchase what MISO expects they need to serve their customers during peak periods.

Takeaways from the 2025/2026 PRA Auction

The latest PRA cleared resources for the planning year (PY) that runs from June 2025 to May 2026 (PY 25/26). MISO was able to clear enough resources to meet the resource adequacy requirements for PY 25/26 throughout its footprint. On an annualized basis, PY 25/26 prices cleared ten times higher than PY 24/25, up to $217/MW-day, compared to $21/MW-day for PY 24/25.

MISO noted that the 2025/2026 resource adequacy requirements were met. However, the amount of surplus capacity was 43% lower compared to the previous summer, despite having a slightly lower summer Planning Reserve Margin target of 7.9% (down from 9% last year). These results show a tight supply-demand balance and send a signal encouraging investment in resources, as demand is expected to grow. New capacity additions did not keep pace with decreased accreditation, suspensions and retirements, and fewer external resources.

Impact of the Reliability-Based Demand Curve (RBDC)

This year’s auction was the first to be conducted with the Reliability-Based Demand Curve (RBDC) in effect. The RBDC is designed to create stable price signals that reflect seasonal risks and tightening surplus, leading to more efficient outcomes. In the 2025 PRA, the RBDC evaluated findings from the Loss of Load Expectation (LOLE) Study Report, which examined seasonal risks, tightening surplus and incremental capacity needs.

Summer 2025 cleared at $666.50/MW-day, reflecting the highest reliability risk due to year-over-year reductions in surplus capacity. That surplus has steadily declined from approximately 6.5 GW in 2023, to 4.6 GW in 2024 and down to 2.6 GW in 2025.

What’s Next for MISO Customers

The PRA results were posted on April 28, and new prices have taken effect starting June 1. As the market adjusts to tighter supply conditions and evolving reliability standards, it’s essential that businesses are proactive in implementing an energy strategy. Constellation offers a suite of MISO products that provide different levels of protection to help manage risk and navigate these market changes. To learn more about how these solutions can support your business’s goals, reach out to a Constellation Sales Representative today.

Contact Us

© 2025 Constellation. The offerings described herein are those of either Constellation NewEnergy, Inc., Constellation NewEnergy-Gas Division, LLC or Constellation Navigator, LLC, affiliates of each other. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved.  

The post Understanding the MISO Planning Resource Auction Changes appeared first on Constellation's Energy4Business Blog.

During Constellation’s June Energy Market Intelligence Webinar, the Commodities Management Group (CMG) provided comprehensive coverage of current and future factors...

The post Webinar Analysts: Warm Summer Start, Pipeline Projects and Natural Gas Basis Updates appeared first on Constellation's Energy4Business Blog.

During Constellation’s June Energy Market Intelligence Webinar, the Commodities Management Group (CMG) provided comprehensive coverage of current and future factors affecting the energy landscape, including a look at the warm start to summer, pipeline projects, natural gas production, storage and basis and the recent DOE orders to keep two plants from retiring.

Weather Outlook

Chief Meteorologist Dave Ryan discussed the upcoming heat wave expected to impact the eastern United States. He predicted that it might be one of the hottest weeks in the month of June on record. The jet stream pattern is shifting, leading to increased temperatures and potential thunderstorms later in the month. Looking further out, July is expected to be warm as well with a forecasted 390 population-weighted cooling degree days and August is a bit more variable, with monsoons driving more moisture and variability into weather patterns, especially in the southern U.S., California and the West Coast.

The variable upper-level pattern this year should produce a variety of storm tracks. Some storms will develop close to home and move into the Gulf Coast or Southeast, while others strengthen farther out, allowing the opportunity for a more significant hit along the Gulf or East Coast. Still others will meander out to sea.

All Things Economic

The panelists then discussed the energy prices in New England, which besides some regions in the Pacific, are the highest in the United States. The discussion touched on the implications of pipeline and offshore wind projects for current and future energy supply and prices. The panelists emphasized the importance of understanding these dynamics to make informed decisions in the energy market.

Natural Gas Fundamentals

Natural gas production is higher year-over-year, about 4 Bcf/d; however, demand is even higher at about 8 Bcf/d. There are fewer rigs (oil and gas) in the ground:  555 for the week ending June 13 versus 590 a year ago.  Although storage injections have begun the season high, with seven consecutive weeks of 100+ Bcf, a hot summer will begin to taper volumes going into storage as demand emerges for power generation. Another influencing factor is the price of oil.  As oil prices approach $60/bbl, the desire for drilling new wells declines. With less oil drilling, there is less growth in associated gas (gas associated with the production of crude oil), an important cog in the overall natural gas production in the U.S.

Department of Energy (DOE) Interventions

Recent DOE emergency orders have delayed the retirement of two fossil-fuel generation plants under the Federals Power Act’s section 202 (c). Based on summer reliability assessments from both MISO and PJM, the DOE deemed these plants as critical pieces to meet high demand. As strong load growth continues to trend upwards due to high temperatures, demand from data centers and recent energy policies focused on meeting reliability, it may be more common to see plants previously slated for retirement remain open.

Market Trends and Temperature

The webinar concluded with a look at forward power charts, including conversations about “the right time to buy,” the “Market Temperature” and other factors affecting the energy market.

View Webinar Recording

We invite you to join us for our next Energy Market Intel Webinar on Wednesday, July 16 at 2 pm ET. Constellation energy experts will offer detailed and timely updates on factors affecting the energy landscape such as weather, natural gas storage and production, and domestic and global economic conditions. Register by visiting  www.constellation.com/marketintelwebinar.

© 2025 Constellation. The offerings described herein, if applicable, are those of either Constellation NewEnergy, Inc. or Constellation NewEnergy-Gas Division, LLC, affiliates of each other. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved.  The Webinar, and this written recap, reflect the views, thoughts and opinions of each speaker and not necessarily to the speaker’s employer (including Constellation Energy Corporation or any of its affiliates), organization, committee or other group or individual. Constellation does not make and expressly disclaims any express or implied guaranty, representation or warranty regarding any opinions or statements set forth herein or in the webcast. Constellation shall not be responsible for any reliance upon any information, opinions, or statements contained in the webcast or for any omission or error of fact.

The post Webinar Analysts: Warm Summer Start, Pipeline Projects and Natural Gas Basis Updates appeared first on Constellation's Energy4Business Blog.

Electricity costs are influenced by a variety of complex factors, from fluctuating energy rates to a company’s consumption patterns. Knowing...

The post Understanding What Influences Electricity Cost appeared first on Constellation's Energy4Business Blog.

Electricity costs are influenced by a variety of complex factors, from fluctuating energy rates to a company’s consumption patterns. Knowing how these impact businesses is crucial to make informed decisions and manage operational expenses effectively.

Businesses should identify the various factors that affect electricity costs and build a strategy to help effectively manage them and optimize their cost structure.

Examining Electricity Price Components

The largest component of the overall cost of electricity is the energy supply. The energy portion of a monthly invoice can range from 35 to 70 percent of the overall cost depending on the location and type of business. Energy pricing is influenced by usage patterns, weather, and various state and federal regulations. Additional components that make up the total cost include capacity, transmission, ancillaries, passthrough charges for renewable portfolio standards and line losses.

Understanding these components and how they impact electricity bills can help businesses more effectively manage costs.

• Energy Supply: The cost of energy supply, influenced by usage patterns weather, and regulations, is the largest component of electricity costs, ranging from 35 to 70 percent. Effectively managing these costs can significantly reduce overall electricity expenses for businesses.
• Capacity: Capacity prices are determined by regional transmission organizations (RTOs) to support grid reliability and ensure that there is enough generation in the region to meet demand. In this way, businesses have reliable access to electricity, even during high-demand periods.   Capacity prices are not always separated from energy supply in regions without an RTO.
• Transmission: Primarily composed of Network Integration Transmission Service (NITS) and transmission enhancement (TEAC) costs, these cover the expenses associated with transporting electricity from generation stations to electrical substations near demand centers. These costs are determined by utility-set rates and governed by the Federal Energy Regulatory Commission (FERC). Efficient transmission systems can help reduce these costs, but overall transmission expenses are influenced by infrastructure and regulatory policies, impacting business costs.
• Ancillaries: Small administrative charges billed by the RTO to operate the grid safely and reliably. Ancillary services are essential for maintaining grid stability and reliability. Ancillary services charges are not always separated from energy supply in regions without an RTO.
• Renewable Portfolio Standards (RPS): Some states have RPS programs, which are mandates requiring load-serving entities to purchase a certain amount of renewable energy. Compliance with RPS can impact electricity costs, as suppliers may need to invest in renewable energy projects or purchase renewable energy certificates. This can lead to higher costs in the short term but can provide long-term benefits for businesses.
• Line Losses: Costs included in the electricity price to compensate for the energy lost over transmission and distribution lines due to heating. These losses contribute to the overall electricity costs for businesses.

Building Your Energy Purchasing Strategy

As businesses build their energy purchasing strategies, it’s essential to consider a variety of product types, timing and decision-making processes. The complex process can be simplified through easy-to-use tools and a customized approach. Here are some key considerations to help develop an effective energy purchasing strategy:

• Control fluctuation in your energy price: Various product solutions can help manage and stabilize energy costs, protecting businesses from volatile market conditions and ensuring more predictable costs.
• Fix your rate or spread your risk: Businesses can decide to lock in energy rates at a single point in time or spread risk by making purchases over time, balancing stability and flexibility based on risk tolerance and market conditions.
• Make informed purchase decisions: Businesses can make purchase decisions or leverage automated algorithms, like Constellation’s MVP product, to remove guesswork and emotion from the process. These automated tools can provide data-driven insights and optimize purchasing strategies for better outcomes.

Choosing the Right Supplier

In competitive markets, one size does not fit all when it comes to developing a power purchasing strategy. It is important for companies to consider their unique usage profile, risk tolerance and budget goals. With the ability to choose their energy suppliers and negotiate contracts that best meet their needs, businesses have the flexibility to choose from various energy contracts, which differ in pricing models, contract length and additional services.

Evaluating these factors and their impact on utility bills can be time-consuming, costly and challenging. Working with a retail energy provider like Constellation can simplify the process from start to finish. Our team can provide insights, market knowledge and tools to help you identify the right energy solutions to optimize your energy purchasing and reduce your costs.

Contact Us

 © 2025 Constellation. The offerings described herein are those of either Constellation NewEnergy, Inc., Constellation NewEnergy-Gas Division, LLC or Constellation Navigator, LLC, affiliates of each other. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved.  

The post Understanding What Influences Electricity Cost appeared first on Constellation's Energy4Business Blog.

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http://simplepie.org; Allow like Gecko) Build/1727736619 [feed_url] => https://blogs.constellation.com/feed/ [permanent_url] => [file] => [raw_data] => https://blogs.constellation.com/ Stay up to date on energy news and policy updates from Constellation Experts Mon, 03 Nov 2025 14:29:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 https://blogs.constellation.com/wp-content/uploads/2020/10/cropped-CON_10817_FavIcon-Resize-01-1-32x32.png https://blogs.constellation.com/ 32 32 https://blogs.constellation.com/energy-management/webinar-analysts-winter-weather-outlook-natural-gas-production-and-summer-performance/ Fri, 24 Oct 2025 18:20:33 +0000 https://blogs.constellation.com/?p=10270 During Constellation’s October Energy Market Intelligence Webinar, the Commodities Management Group (CMG) provided comprehensive coverage of current and future factors affecting...

The post Webinar Analysts: Winter Weather Outlook, Natural Gas Production and Summer Performance appeared first on Constellation's Energy4Business Blog.

]]> 3 min read

During Constellation’s October Energy Market Intelligence Webinar, the Commodities Management Group (CMG) provided comprehensive coverage of current and future factors affecting the energy landscape, including the impact of the government shutdown on energy markets, winter weather outlooks, natural gas market fundamentals and summer performance recaps.

Weather Report

Thus far, fall has been characterized by a mild to warm weather pattern, with above-normal temperatures in many regions. Overnight heating demand is starting to increase in the Great Lakes and Northeast, but the heating season is expected to have a slow start, especially in the eastern U.S. Looking forward to winter, the forecast leans toward a colder-than-normal winter for the US, especially compared to the 10-year average. Neutral ENSO conditions and potential negative North Atlantic Oscillation (NAO) phases could promote cold air outbreaks. The Pacific Northwest is expected to see above-normal precipitation and snowpack, while central and southern California may experience a drier-than-normal winter. Drought conditions are likely to persist in the Midwest, Ohio Valley, and interior Northeast.

The 2025 hurricane season has been relatively mild for the U.S., with most tropical storms developing in the Atlantic and curving away from the mainland. No major storms have hit the Caribbean or the U.S. directly this year.

Government Shutdown Impact on Energy

On October 1^st the federal government began a shutdown which caused some immediate, short-term effects to energy markets and may have longer-term impacts if prolonged. In the near-term, a short shutdown can cause delays in data reporting and some short-term market volatility. A longer shutdown may delay critical permits for pipelines, generation facilities and other infrastructure projects and may cause market participants to move towards private or subscription-based data rather than the usual consensus, public data from the Energy Information Administration (EIA).

Natural Gas Fundamentals

U.S. natural gas production has been seeing record high numbers, with September averaging around 107.7 Bcf/day up from 101-102 Bcf/day last year. This record production has led to healthy storage levels, well above the five-year average. With all-time high storage levels, there is confidence that there will be enough supply for the winter months.

Liquified Natural Gas (LNG) exports are also strong and are expected to see further growth as new export facilities Calcasieu Pass 2, Corpus Christi and Woodside come online. LNG project financing has been on a record pace with over 7.5 Bcf/d of projects reaching Final Investment Decision since the end of April.

Summer Performance Recap

This summer has seen record load growth, even with lower temperatures, as AI data centers, cryptocurrency miners and industry reshoring has driven a 2% national load growth year-over-year. ERCOT saw a 4.6% increase in power demand year-over-year. On August 18th, the grid nearly set a new all-time peak, but demand response programs and crypto miners helped shave load and avoid surpassing previous records. PJM grew just under 2% and ISO-NE experienced a record number of “duck curve” days, where midday solar output pushed net load below overnight levels. By early September, New England had already reached 100 such days, compared to 107 for all of 2024.

The team also covered recent Department of Energy (DOE) initiatives and the impacts they may have on the energy market. Consumers Energy’s 1.6GW J.H. Campbell Station has been ordered to stay open until November 19^th and Constellation’s 380MW Eddystone Power Plants has been ordered to stay open until November 26^th. The DOE also has several initiatives to revive the coal industry offering dollars to recommission existing plants and opening federal land for coal leasing.

Market Trends and Temperature

The webinar concluded with a look at forward power charts, including conversations about “the right time to buy,” the “Market Temperature” and other factors affecting the energy market.

View Webinar Recording

 

We invite you to join us for our next Energy Market Intel Webinar on Wednesday, November 19 at 2 pm ET. Constellation will offer detailed and timely updates on factors affecting the energy landscape such as weather, natural gas storage and production, and domestic and global economic conditions. Register by visiting  www.constellation.com/marketintelwebinar.

 

© 2025 Constellation. The offerings described herein, if applicable, are those of either Constellation NewEnergy, Inc. or Constellation NewEnergy-Gas Division, LLC, affiliates of each other. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved.  The Webinar, and this written recap, reflect the views, thoughts and opinions of each speaker and not necessarily the speaker’s employer (including Constellation Energy Corporation or any of its affiliates), organization, committee or other group or individual. Constellation does not make and expressly disclaims any express or implied guaranty, representation or warranty regarding any opinions or statements set forth herein or in the webcast. Constellation shall not be responsible for any reliance upon any information, opinions, or statements contained in the webcast or for any omission or error of fact.

The post Webinar Analysts: Winter Weather Outlook, Natural Gas Production and Summer Performance appeared first on Constellation's Energy4Business Blog.

]]> Amanda Donohue https://blogs.constellation.com/energy-management/webinar-analysts-capacity-auction-impacts-trade-negotiations-and-high-natural-gas-production/ Thu, 25 Sep 2025 13:28:39 +0000 https://blogs.constellation.com/?p=10265 During Constellation’s September Energy Market Intelligence Webinar, the Commodities Management Group (CMG) provided comprehensive coverage of current and future factors affecting...

The post Webinar Analysts: Capacity Auction Impacts, Trade Negotiations and High Natural Gas Production appeared first on Constellation's Energy4Business Blog.

]]> 3 min read

During Constellation’s September Energy Market Intelligence Webinar, the Commodities Management Group (CMG) provided comprehensive coverage of current and future factors affecting the energy landscape, including the influence of trade negotiations on energy exports, high natural gas production, offshore wind industry challenges and the impacts of recent capacity auctions in PJM and MISO.

Weather Report

The Constellation weather team provided a look back at the summer, which has ended as the 10^th hottest summer on record primarily driven by warm overnight temperatures rather than extreme daytime highs. The tropical storm season has been unusually quiet, although an increase in tropical activity is anticipated later in September.

The team then looked at the fall and winter weather outlooks. The El Niño Southern Oscillation (ENSO) signal is currently neutral to weak La Niña, suggesting a colder weather pattern in the Fall and variable weather in the winter. A more accurate winter outlook is expected at the end of September.

All Things Economic

Chief Economist Ed Fortunato discussed some geopolitical factors that are impacting energy trade. The U.S. has been leveraging natural gas and oil exports in trade negotiations to reduce tariffs with major trading countries. Countries such as South Korea, India, Mexico and the EU have committed to increasing their energy purchases from the U.S. in exchange for reduced tariffs. This shift is significant for the EU, which is diversifying from Russian natural gas. To meet this increased demand, the U.S. liquefied natural gas (LNG) export capacity has increased from 8.5 Bcf/day during the first Trump administration to nearly 17 Bcf/day today. Recent trade negotiations have resulted in over $1 trillion in commitments to buy U.S.-sourced energy by the end of the decade. Whether the U.S. energy industry can scale to meet this demand remains an open question.

Natural Gas Supply & Demand Fundamentals

As natural gas markets have stayed balanced, with prices hovering around $3/MMBtu, natural gas production has remained robust throughout the summer, averaging around 107 Bcf/day in August. Due to the high production numbers, storage levels have also been strong, leading to storage levels slightly below last year’s numbers, but still above the five-year average. The Energy Information Administration (EIA) projects that storage levels will reach around 3.9 Tcf by the end of the injection season.

Offshore Wind Projects Face Roadblocks

In-progress and planned offshore wind projects have faced significant setbacks due to new federal policy actions. Various Executive Orders have halted offshore wind leasing and permitting processes, causing many projects, like Empire Wind and Revolution Wind, to stop development. Other offshore wind projects in Maryland and New England, including South Coast Wind and New England Wind, also face potential halts. These projects represent nearly 8 GW of expected capacity.

As of Monday, September 22, a federal judge has ruled that Revolution Wind can resume construction.

Capacity Auction Results

The PJM capacity auction for the 2026-27 power year cleared at the price cap of $329 per MW-day, which was a 22% increase over the previous auction. This increase was driven by a rise in capacity requirements and growing data center loads.   The reserve margin procured for the entire RTO, which includes FRR load, was 18.9%, or 0.2 percentage points lower (or 309 MW ICAP lower) than the target reserve margin of 19.1%. Energy efficiency measures were excluded from participation and demand response remained flat. Without the price cap, auction prices could have reached $389 per MW-day.

MISO announced a software error in its planning reserve margin calculations since 2017, where an all-hours approach was used instead of a daily peak hour methodology, resulting in overstated reserve margins. This affects the 2025-26 planning year auctions. Instead of rerunning auctions, MISO will recalculate reserve margins and reliability-based demand curves, likely lowering clearing prices. Resettlements will be phased through November to December 2025, with adjustments communicated to market participants.

Market Trends and Temperature

The webinar concluded with a look at forward power charts, including conversations about “the right time to buy,” the “Market Temperature” and other factors affecting the energy market.

View Webinar Recording

 

We invite you to join us for our next Energy Market Intel Webinar on Wednesday, October 8 at 2 pm ET. Constellation will offer detailed and timely updates on factors affecting the energy landscape such as weather, natural gas storage and production, and domestic and global economic conditions. Register by visiting  www.constellation.com/marketintelwebinar.

 

© 2025 Constellation. The offerings described herein, if applicable, are those of either Constellation NewEnergy, Inc. or Constellation NewEnergy-Gas Division, LLC, affiliates of each other. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved.  The Webinar, and this written recap, reflect the views, thoughts and opinions of each speaker and not necessarily the speaker’s employer (including Constellation Energy Corporation or any of its affiliates), organization, committee or other group or individual. Constellation does not make and expressly disclaims any express or implied guaranty, representation or warranty regarding any opinions or statements set forth herein or in the webcast. Constellation shall not be responsible for any reliance upon any information, opinions, or statements contained in the webcast or for any omission or error of fact.

The post Webinar Analysts: Capacity Auction Impacts, Trade Negotiations and High Natural Gas Production appeared first on Constellation's Energy4Business Blog.

]]> Amanda Donohue https://blogs.constellation.com/energy-management/understanding-the-2026-27-pjm-bra-capacity-auction-results/ Tue, 02 Sep 2025 19:24:17 +0000 https://blogs.constellation.com/?p=10258 PJM Interconnection, L.L.C., the Regional Transmission Organization (RTO) representing a large portion of the eastern United States, announced the results...

The post Understanding the 2026/27 PJM BRA Capacity Auction Results appeared first on Constellation's Energy4Business Blog.

]]> 3 min read

PJM Interconnection, L.L.C., the Regional Transmission Organization (RTO) representing a large portion of the eastern United States, announced the results of its Base Residual Auction (BRA) for capacity on July 22, 2025.  The auction secured 134,311 MW of unforced capacity (UCAP) and demand response to meet projected electricity needs for more than 67 million people across the PJM region. Capacity prices hit the cap price of $329.17 MW/day for 2026/27, a 22% increase from the prior auction results for the RTO zones for 2025/26 which already represented an almost 800% increase compared to 2024/25 results for RTO. Understanding these results and properly planning for peak demand periods can help energy managers to manage costs and make informed energy decisions.

As a reminder, customers pay not only for the energy they consume, but also for energy that needs to be available to serve their account(s) and the grid based on their usage or demand during peak hours when the grid is most constrained. This typically materializes in the form of a capacity cost, which can make up to 30% or more of a customer’s power supply charges.*

What is the PJM Base Residual Auction (BRA)?

The PJM BRA is typically held annually three years in advance of the Delivery Year (though this has not been the case in the recent past due to auction delays) and secures commitments from electricity suppliers to provide capacity to meet the forecasted demand for electricity in the PJM region. Owners of existing fossil and renewable resources are required to offer their capacity for a one-year term, traditionally three years in advance. This process is designed to procure enough supply-side or load-management capacity to meet peak demand, maintaining a stable and reliable supply for customers.

Forecasted Demand

Peak load for the 2026/2027 BRA increased year over year by more than 5,400 MW, largely driven by data center expansion, electrification and economic growth in the area. PJM secured 134,311 MW (UCAP) and demand response to meet projected electricity needs, with 135,192 MW offered-in, a decline in offers of 501 MW (UCAP) from last year. This cleared volume was just over the projected reliability requirement. Gas-fired generation accounted for 45% of the cleared capacity, followed by nuclear at 21%, coal at 22%, hydroelectric at 4%, wind at 3% and solar at 1%, according to PJM.  Demand response offered in the auction was essentially flat from the previous year at 8,010 MW.

Options Available to Businesses

The less energy a business uses during peak-setting hours when the system is most constrained, the lower their capacity costs can be. If businesses can effectively reduce their consumption during a few peak hours in the summer, they may be able to reap significant savings in future capacity costs.  For example, a 1 MW reduction in a customer’s capacity obligation in PJM for planning year June 2025 to June 2026 for a customer who pays for capacity on a fully passed-through basis, would have resulted in savings of almost $100,000 over that period in RTO zones like ComEd, PECO, MetEd, etc. Other zones like BGE would have seen even higher savings in this example.*  Additional opportunities for savings or revenues are available through various energy optimization services and programs.

As the demand for energy grows and costs increase, businesses need flexible solutions that reduce strain on the grid while delivering financial and operational value. Constellation’s Energy Optimization services, which include options powered by GridBeyond’s intelligent energy platform, can help businesses find opportunities to reduce costs, earn revenue and support grid resiliency through strategic load response programs.

Constellation has a variety of tailored strategies including solutions that use machine learning to analyze equipment and market data, identifying the optimal times to curtail. These strategies can provide cost-effective ways to reduce peak demand, avoid new generation costs and improve grid efficiency, while minimizing operational impacts:

• Peak Response: Reduces demand-based charges, such as capacity and transmission costs, by curtailing your load when Constellation notifies of peak demand hours on the grid.
• Demand Response: Can enable businesses to generate revenue through participation in load response programs offered by grid operators.

Backed by predictive analytics and automation, we offer programs designed to maximize value and efficiency, helping businesses tailor their energy strategies to meet their unique operational or sustainability needs without compromising performance.  To learn more about the changing energy landscape or about solutions we offer, contact your Constellation representative or subscribe at https://constellation.com/subscribe.

 

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*Costs and potential savings will vary by customer based on various factors such as load profile, ISO, product, and term.

 © 2025 Constellation. The offerings described herein are those of either Constellation NewEnergy, Inc., Constellation NewEnergy-Gas Division, LLC or Constellation Navigator, LLC, affiliates of each other. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved.  

 

The post Understanding the 2026/27 PJM BRA Capacity Auction Results appeared first on Constellation's Energy4Business Blog.

]]> Alex Aguiar https://blogs.constellation.com/sustainability/advancing-from-annual-to-hourly-carbon-free-energy-matching/ Tue, 12 Aug 2025 16:12:05 +0000 https://blogs.constellation.com/?p=10253 Sustainability initiatives are becoming an increased focus for businesses as they aim to reduce their carbon footprints, making the advancement...

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Sustainability initiatives are becoming an increased focus for businesses as they aim to reduce their carbon footprints, making the advancement towards cleaner energy sources a strategic imperative for companies. As part of this commitment, many organizations are embracing the Science Based Targets initiative (SBTi), driving the adoption of energy efficiency projects, renewable and carbon-free energy, and sustainable supply chains.

Annual carbon-free energy products have played a crucial role in helping businesses meet their sustainability goals. These proven solutions have provided a solid foundation for reducing greenhouse gas emissions and promoting renewable energy adoption. As the urgency to address climate change increases, companies are also exploring additional solutions that complement their existing strategies and annual carbon-free energy products.

Implementing Annual Matching Solutions

Businesses have a variety of solutions they can adopt to reduce Scope 2 greenhouse gas emissions and support zero-carbon electricity generation. Some of these solutions include:

• Emission-Free Energy Certificates (EFECs): A cost-effective alternative to renewable energy purchases, allowing businesses to quickly begin their journey towards lower emissions.
• Renewable Energy Certificates (RECs): Supporting sustainability goals by representing the environmental benefits of renewable energy.
• Constellation Offsite Renewables (CORe): Integrating renewable energy purchases from existing or new build renewable generation assets into a load-following energy supply agreement.

Annual matching products provide significant benefits and put businesses on the right path towards reaching their sustainability goals. Businesses can achieve more granular targets with solutions that align energy usage with clean energy sources on an hourly basis.

Transitioning to Hourly Carbon-Free Energy Matching

Hourly carbon-free energy (CFE) matching incorporates both time and location-based CFE criteria. This approach allows businesses to match their energy usage on an hourly basis, ensuring that their consumption is matched with supply from the same regional grid every single hour. Constellation can enhance your sustainability strategy by integrating both new and prior carbon-free purchases into your overall CFE strategy, providing a comprehensive approach to carbon reduction.

Purchasing hourly CFE through Constellation can help your business:

• Achieve Real-Time Impact: Match carbon-free generation with your consumption hour by hour, including tracking and reporting of hourly usage, generation and emissions.
• Enhance Transparency: Ensure your electricity consumption is matched with attributes (RECs or EFECs) from carbon-free generators in your grid for each hour.
• Monitor Progress: Track progress on-demand through Constellation’s Hourly CFE Dashboard, available in Constellation’s digital platform.
• Ensure Compliance: Ensure hourly retirements of RECs and EFECs in the PJM GATS registry at year-end.*

Increasing Impact with Hourly Matching

Hourly carbon-free energy matching helps businesses both meet their environmental goals and drive significant advancements in the broader energy landscape. By aligning energy consumption with carbon-free generation on an hourly basis, companies can ensure their operations are consistently powered by clean energy. Additionally, customers who choose to enhance their sustainability strategy through CORe+ products for their PJM accounts have the option to exchange their project RECs for other time-matched carbon-free energy (CFE) attributes during certain periods, enabling them upgrade to a full 24/7 CFE match.

The impact of the hourly CFE product is substantial. It has facilitated the procurement of 3.5 million MWhs of hourly-matched energy, supporting customers’ sustainability goals. This amount of clean energy is equivalent to the carbon sequestering nearly 1.4 million acres of US forests in a year, or the emissions from 324,360 gas-powered cars driven for one year – a significant sustainability impact.

Join Constellation in the Clean Energy Revolution

At Constellation, we are committed to transforming the energy landscape by offering innovative carbon-free solutions. Our mission is to empower businesses to achieve their sustainability goals through solutions that align with their operational needs. By adopting hourly CFE matching, businesses can play a crucial role in reducing greenhouse gas emissions and promoting a cleaner future.

Take Action

Elevate your business’s sustainability strategy with the transformative potential of hourly carbon-free energy matching. Download Constellation’s White Paper on Preparing for the Next Stage of Corporate Clean Energy Procurement to learn more about how our hourly CFE matching product can drive significant environmental impact and help your business advance towards a more sustainable future.

*Hourly retirements of RECs and EFECs are available in the PJM region only.

Contact Us

 

© 2025 Constellation. The offerings described herein, if applicable, are those of either Constellation Navigator, LLC, Constellation NewEnergy, Inc. or Constellation NewEnergy-Gas Division, LLC, affiliates of each other. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved. 

The post Advancing from Annual to Hourly Carbon-Free Energy Matching appeared first on Constellation's Energy4Business Blog.

]]> Alex Aguiar https://blogs.constellation.com/sustainability/plugged-in-reshaping-energy-strategy-with-demand-response/ Fri, 01 Aug 2025 17:22:53 +0000 https://blogs.constellation.com/?p=10249 As energy markets evolve and sustainability goals become more ambitious, businesses face growing pressure to manage their electricity use while...

The post Plugged In Podcast: Reshaping Energy Strategy with Demand Response appeared first on Constellation's Energy4Business Blog.

]]> 4 min read

As energy markets evolve and sustainability goals become more ambitious, businesses face growing pressure to manage their electricity use while reducing emissions. At the same time, the grid is becoming more dynamic, with conditions that shift quickly and prices that respond to demand in real time.

Demand response programs can help businesses stay flexible to navigate these changes. By participating in the programs and adjusting energy use during key times, such as when prices spike or the grid is under stress, businesses can lower costs, earn incentives and support grid reliability. These programs are becoming increasingly important across industries as more companies look for ways to make their operations more efficient and better equipped for today’s energy challenges.

Navigating Market Shifts with Demand Response

Demand response programs incentivize businesses to shift or reduce energy use during periods of high demand or market volatility. Participation is growing, especially among companies looking to improve efficiency and reduce risk. Combined with strategic tools and solutions, these programs go beyond cost management to help businesses stay competitive in a changing energy landscape.

Leveraging Flexibility to Manage Costs

Adapting energy use to changing conditions is one of the most effective ways businesses can manage costs and improve efficiency. Whether by shifting production schedules, cycling equipment or temporarily reducing load, the ability to adjust energy use helps organizations avoid high costs and generate additional revenue.

Businesses that can respond to real-time market conditions or pricing signals are better positioned to:

• Avoid high tariffs and demand charges
• Reduce exposure to price volatility
• Earn incentives or revenue and capture on-bill savings
• Support a more stable and reliable grid

With the right tools in place, even small operational adjustments can lead to significant results.

Using Technology to Stay Ahead

Technology is transforming how businesses manage energy. GridBeyond’s AI-powered platform helps customers make smarter decisions by analyzing equipment and market data in real time. This enables businesses to identify optimal times to reduce energy use, helping maximize value while keeping operations running smoothly.

Some of the platform’s key features include:

• Smart asset management and automation
• Digital twin modeling to simulate assets, optimize performance, enable predictive maintenance and forecast availability and flexibility for market participation
• Access to multiple markets such as Demand Response and Ancillary Services
• Revenue stacking through advanced algorithms
• Deep learning to optimize participation

These tools make it easier to participate in demand response programs with confidence. As energy markets continue to evolve, using intelligent automation can help businesses stay aligned with market shifts and maintain a competitive edge.

Exploring Load Response Strategies

Demand response isn’t one-size-fits-all. Businesses need options that reflect their operations, risk tolerance and energy goals. A variety of load response strategies are available to help organizations participate in ways that make sense for them, including:

• Peak Response: Reduce demand-based charges by voluntarily curtailing load during peak grid hours
• Price Response: Receive additional revenue through on-bill credits by reducing load during high market prices
• Demand Response: Generate revenue through grid operator programs

Whether a business is just beginning to explore demand response or looking to enhance an existing strategy, there is a load response solution to fit its needs. By tailoring participation to operational requirements and risk tolerance, businesses can find new ways to generate revenue while contributing to a more resilient energy grid.

Maximizing Value with Constellation’s Energy Optimization Services

Implementing an effective demand response strategy can be complex. By working with a provider that is focused on business goals, make smarter, faster energy decisions can be made without compromising operations. Constellation’s Energy Optimization services, powered by GridBeyond’s intelligent platform, make it easy for businesses to participate in various load response programs with greater control. Through the use of AI and machine learning, these tools analyze equipment and market data in real time – enabling more informed decisions about when and how to reduce energy use.

Businesses can choose the level of automation that fits their operations, from fully automated to more hands-on strategies. Whether responding to voluntary peak load and price signals or ISO-backed events, Constellation’s flexible approach makes it easier to participate in ways that align with operational goals.

By combining intelligent technology with adaptable program design, Constellation and GridBeyond help businesses turn energy flexibility into a strategic advantage. No matter where an organization is in its journey, these services are built to help them work towards a more resilient, cost-effective future.

Learning More with Our Podcast

Gain more insights into energy reporting by listening to our podcast, “Plugged In: Exploring Energy.” In the latest episode, hosted by Abhinav Krishna, Vice President for Commercial & Development at Constellation, we cover the topics discussed here as well as additional ones with Joe Hayden, North American Sales Leader at GridBeyond. Listen to our series for insights into how AI and automation are transforming demand-side energy management, unlocking new value streams and supporting grid reliability.

By addressing these challenges and offering custom solutions, Constellation is leading the way in the transition to a sustainable and reliable energy future. Join us on this journey and discover how we can help you achieve your energy goals.

 

Listen to the Podcast

 

© 2025 Constellation. The offerings described herein, if applicable, are those of either Constellation NewEnergy, Inc. or Constellation NewEnergy-Gas Division, LLC, affiliates of each other. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved.  The views, thoughts and opinions expressed in the blog and podcast by each participant belong solely to the speaker and not necessarily to the speaker’s employer (including Constellation Energy Corporation or any of its affiliates), organization, committee or other group or individual. Constellation does not make and expressly disclaims, any express or implied guaranty, representation or warranty regarding any opinions or statements set forth herein or in the webcast. Constellation shall not be responsible for any reliance upon any information, opinions, or statements contained in the webcast or for any omission or error of fact.

 

 

The post Plugged In Podcast: Reshaping Energy Strategy with Demand Response appeared first on Constellation's Energy4Business Blog.

]]> Alex Aguiar https://blogs.constellation.com/energy-management/webinar-analysts-energy-policy-summer-weather-patterns-capacity-auctions/ Fri, 25 Jul 2025 17:54:35 +0000 https://blogs.constellation.com/?p=10243 During Constellation’s July Energy Market Intelligence Webinar, the Commodities Management Group (CMG) provided comprehensive coverage of current and future factors affecting...

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During Constellation’s July Energy Market Intelligence Webinar, the Commodities Management Group (CMG) provided comprehensive coverage of current and future factors affecting the energy landscape, including the influence of recent legislation, weather patterns, natural gas production, LNG exports and recent regional capacity auctions.

Weather Report

Chief Meteorologist Dave Ryan provided an analysis of the ongoing summer heat wave, highlighting that the eastern United States is experiencing high humidity and above-normal temperatures due to a dual ridge pattern above the western Great Basin. This pattern has resulted in elevated cooling degree days (CDDs), with the summer currently ranking as the third hottest on record. The forecast calls for continued warm and humid conditions through July, with August’s tropical activity likely to determine whether this summer will rank among the hottest on record. Above normal temperatures in the Atlantic Ocean are fueling an active hurricane season, particularly in the Gulf region.

Impact of the “One Big Beautiful Bill” (OB3) on Energy Policy

David Gilbert, Vice President for Federal Government Affairs, explained the, “One Big Beautiful Bill” (OB3) fiscal package signed into law by President Trump. This legislation impacts the Inflation Reduction Act’s energy tax credits, affecting solar, wind, nuclear, hydrogen and carbon capture sectors. Gilbert highlighted the political complexity and compromises that shaped the bill, including the elimination of punitive excise taxes on renewables and the challenges posed by executive orders to the wind and solar industries.

Natural Gas Fundamentals & LNG Export Developments

The team covered natural gas fundamentals, noting all-time high production levels of about 106 Bcf/day month-to-date in July, resulting in pricing signals around $3.50/MMBtu. On the storage side, second quarter injections helped offset the deficit created by winter demand. Since June 1, power burns are six percent lower than last year, as higher natural gas prices and increased coal generation have reduced gas-fired generation.

Looking at Liquified Natural Gas (LNG), export terminal development continues to accelerate, with multiple projects in Canada and the U.S. progressing toward operation in the late 2020s. Europe continues to be the primary destination, while LNG Canada offers direct access to Asian markets. As Canadian gas gains export flexibility, U.S. gas prices may become more linked to international prices.

Electricity Market Dynamics & Capacity Auctions

Detailing some recent high-demand events and grid challenges from June heat waves, PJM and ISO-NE experienced some of their highest peak loads in years. Real-time prices spiked into four-digit levels as solar generation declined in the evening and grid operators relied on older, expensive oil-fired units. On the evening of June 24, ISO-NE declared a capacity deficiency, issued a Power Caution and took additional actions to maintain grid reliability during what may have been the highest peak load since 2013 – driven by extreme heat and humidity.

PJM’s 2026-27 capacity auction closed with strong demand growth driven by data centers and electrification and economic growth. .  Capacity auction prices cleared the maximum revised cap of $329/MW-Day as of Tuesday, July 22, reflecting tight supply and the growing need for new dispatchable resources.

“This is a continuation of trends that we’ve been seeing: a tightening of the supply and demand conditions,” Stu Bresler, executive vice president of PJM market services and strategy, said in a press briefing after results were announced July 22.

PJM’s forecast peak load for 2026/27 increased by 5,446 MW from last year due to data center expansion, electrification and economic growth. “It’s probably a true statement to say that the majority of the demand increase we saw was … those data center additions,” Bresler said. (Source: RTO Insider).

Market Trends and Temperature

The webinar concluded with a look at forward power charts, including conversations about “the right time to buy,” the “Market Temperature” and other factors affecting the energy market.

View Webinar Recording

 

We invite you to join us for our next Energy Market Intel Webinar on Wednesday, September 10 at 2 pm ET. Constellation will offer detailed and timely updates on factors affecting the energy landscape such as weather, natural gas storage and production, and domestic and global economic conditions. Register by visiting  www.constellation.com/marketintelwebinar.

 

© 2025 Constellation. The offerings described herein, if applicable, are those of either Constellation NewEnergy, Inc. or Constellation NewEnergy-Gas Division, LLC, affiliates of each other. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved.  The Webinar, and this written recap, reflect the views, thoughts and opinions of each speaker and not necessarily the speaker’s employer (including Constellation Energy Corporation or any of its affiliates), organization, committee or other group or individual. Constellation does not make and expressly disclaims any express or implied guaranty, representation or warranty regarding any opinions or statements set forth herein or in the webcast. Constellation shall not be responsible for any reliance upon any information, opinions, or statements contained in the webcast or for any omission or error of fact.

The post Webinar Analysts: Energy Policy, Summer Weather Patterns, Capacity Auctions appeared first on Constellation's Energy4Business Blog.

]]> Amanda Donohue https://blogs.constellation.com/energy-management/choosing-the-right-energy-supplier-to-support-financial-goals/ Mon, 21 Jul 2025 13:28:18 +0000 https://blogs.constellation.com/?p=10237 Energy purchasing decisions can have a significant impact on a business’s budget. As organizations face pressure to manage costs, reduce risk...

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Energy purchasing decisions can have a significant impact on a business’s budget. As organizations face pressure to manage costs, reduce risk and meet sustainability goals, choosing the right supplier and product is essential. With a well-aligned strategy and a trusted provider, businesses can reduce exposure to market volatility, improve budget predictability and support long-term financial goals.

Understanding Your Load Profile

Prior to choosing a product type, businesses should analyze their energy consumption patterns over time. The resulting load profile can provide insights that significantly impact contract structure, pricing strategy and operational efficiency. Businesses should ask the following questions to better understand their energy usage and inform decision-making:

• When does the facility use the most electricity?
• Are there seasonal or daily peaks in demand?
• Is usage consistent over time?
• Do we have flexibility in our operations?

Energy suppliers will tailor pricing and contract structures to better fit operational needs based on business profiles. For example, a business with predictable, off-peak usage may benefit from buying index rates, while facilities with highly variable demand patterns may need a strategy to manage fixed rates and capacity charges.

Load profiling may also identify inefficiencies like equipment running unnecessarily during off-hours, or opportunities for automation or operational adjustments that reduce costs.

Evaluating Price Options to Support Budget Goals

When evaluating supplier options, one of the first decisions businesses face is how to structure their energy pricing. Choosing the right product type depends on a business’s energy usage patterns, financial goals and risk tolerance. Understanding available pricing structures is key to building a strategic energy plan.

• Fixed Price Solutions: Businesses can lock in a consistent rate per kilowatt-hour (kWh) for the length of their contract — anywhere from 12 to 36 months or longer. Fixed-price solutions offer price stability and simplify budgeting by reducing exposure to market fluctuations.
• Index Price Solutions: Energy rates fluctuate based on real-time wholesale market conditions. This approach provides flexibility and potential savings when prices fall but also carries the risk of higher costs during periods of high pricing or high demand.
• Layered or Managed Solutions: A blended strategy combines fixed and index pricing, allowing businesses to secure a portion of their load at a fixed rate while the remainder follows market trends. This strategy balances cost certainty with the opportunity to benefit from favorable market conditions.

Although businesses should choose purchasing strategies based on their unique needs, budget goals and risk tolerance, a Constellation study that tested 73 different strategies across four Independent System Operators (ISOs) revealed that a layered or managed solution often delivers significant benefits, including effective management of both risk and price.

Improving Budget Predictability Through Peak Shaving and Demand Response

Peak shaving is a targeted strategy that helps businesses reduce electricity costs by minimizing usage during the most expensive times of the year. These peaks often occur during extreme weather, such as summer months when it’s very warm, or from unexpected stress on the grid, when energy prices and capacity charges are at their highest.

This is important because a business’s capacity charges are based on its highest usage during these peak periods. Even a short spike in demand can significantly increase costs for the entire year.

Peak shaving strategies include:

• Load shifting: Moving energy-intensive processes to off-peak hours to avoid triggering peak demand charges.
• Battery storage: Using stored energy during peak periods to reduce reliance on high-cost grid electricity.
• Demand response programs: Participating in utility or supplier programs that offer financial incentives for reducing load during peak events.

By proactively managing peak demand, businesses can lower their capacity charges, reduce strain on the grid and even generate revenue through demand response programs.

Optimizing Your Costs with Constellation

Choosing an energy supplier is a critical step in building a purchasing strategy that supports long-term financial and operational goals. With the right provider and a data-informed approach, businesses can manage risk, control costs and support long-term financial performance.

At Constellation, we offer a strategic approach supported by market insights and a broad range of solutions to help businesses take greater control of their energy budgets. Contact one of our representatives today to learn how Constellation can enhance your energy strategy and support your business goals.

Contact Us

 

© 2025 Constellation. The offerings described herein are those of either Constellation NewEnergy, Inc., Constellation NewEnergy-Gas Division, LLC or Constellation Navigator, LLC, affiliates of each other. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved.  

The post Choosing the Right Energy Supplier to Support Financial Goals appeared first on Constellation's Energy4Business Blog.

]]> Amanda Donohue https://blogs.constellation.com/energy-management/understanding-the-miso-planning-resource-auction-changes/ Tue, 08 Jul 2025 13:18:57 +0000 https://blogs.constellation.com/?p=10232 Interested in understanding whether there are enough resources available  to meet expected peak demand and maintain grid stability? The Midcontinent...

The post Understanding the MISO Planning Resource Auction Changes appeared first on Constellation's Energy4Business Blog.

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Interested in understanding whether there are enough resources available  to meet expected peak demand and maintain grid stability? The Midcontinent Independent System Operator (MISO), which manages the electric grid across 15 U.S. states in the Midwest and the South, plays a key role in this process through its Planning Resource Auction (PRA). By understanding the basics of the PRA, the reasons behind recent increases and options available, businesses can make informed decisions and plan effectively.

Exploring the MISO Planning Resource Auction

The MISO PRA is held annually as a tool for electricity suppliers to procure enough available power to meet projected demands at peak times throughout the upcoming planning year. Through the auction, MISO ensures a competitive market environment where electricity generation resources can offer capacity, and electricity suppliers can purchase what MISO expects they need to serve their customers during peak periods.

Takeaways from the 2025/2026 PRA Auction

The latest PRA cleared resources for the planning year (PY) that runs from June 2025 to May 2026 (PY 25/26). MISO was able to clear enough resources to meet the resource adequacy requirements for PY 25/26 throughout its footprint. On an annualized basis, PY 25/26 prices cleared ten times higher than PY 24/25, up to $217/MW-day, compared to $21/MW-day for PY 24/25.

MISO noted that the 2025/2026 resource adequacy requirements were met. However, the amount of surplus capacity was 43% lower compared to the previous summer, despite having a slightly lower summer Planning Reserve Margin target of 7.9% (down from 9% last year). These results show a tight supply-demand balance and send a signal encouraging investment in resources, as demand is expected to grow. New capacity additions did not keep pace with decreased accreditation, suspensions and retirements, and fewer external resources.

Impact of the Reliability-Based Demand Curve (RBDC)

This year’s auction was the first to be conducted with the Reliability-Based Demand Curve (RBDC) in effect. The RBDC is designed to create stable price signals that reflect seasonal risks and tightening surplus, leading to more efficient outcomes. In the 2025 PRA, the RBDC evaluated findings from the Loss of Load Expectation (LOLE) Study Report, which examined seasonal risks, tightening surplus and incremental capacity needs.

Summer 2025 cleared at $666.50/MW-day, reflecting the highest reliability risk due to year-over-year reductions in surplus capacity. That surplus has steadily declined from approximately 6.5 GW in 2023, to 4.6 GW in 2024 and down to 2.6 GW in 2025.

What’s Next for MISO Customers

The PRA results were posted on April 28, and new prices have taken effect starting June 1. As the market adjusts to tighter supply conditions and evolving reliability standards, it’s essential that businesses are proactive in implementing an energy strategy. Constellation offers a suite of MISO products that provide different levels of protection to help manage risk and navigate these market changes. To learn more about how these solutions can support your business’s goals, reach out to a Constellation Sales Representative today.

Contact Us

 

© 2025 Constellation. The offerings described herein are those of either Constellation NewEnergy, Inc., Constellation NewEnergy-Gas Division, LLC or Constellation Navigator, LLC, affiliates of each other. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved.  

 

 

The post Understanding the MISO Planning Resource Auction Changes appeared first on Constellation's Energy4Business Blog.

]]> Rob Kirkner https://blogs.constellation.com/energy-management/webinar-analysts-warm-summer-start-pipeline-projects-and-natual-gas-basis-updates/ Mon, 30 Jun 2025 13:39:55 +0000 https://blogs.constellation.com/?p=10227 During Constellation’s June Energy Market Intelligence Webinar, the Commodities Management Group (CMG) provided comprehensive coverage of current and future factors...

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During Constellation’s June Energy Market Intelligence Webinar, the Commodities Management Group (CMG) provided comprehensive coverage of current and future factors affecting the energy landscape, including a look at the warm start to summer, pipeline projects, natural gas production, storage and basis and the recent DOE orders to keep two plants from retiring.

Weather Outlook

Chief Meteorologist Dave Ryan discussed the upcoming heat wave expected to impact the eastern United States. He predicted that it might be one of the hottest weeks in the month of June on record. The jet stream pattern is shifting, leading to increased temperatures and potential thunderstorms later in the month. Looking further out, July is expected to be warm as well with a forecasted 390 population-weighted cooling degree days and August is a bit more variable, with monsoons driving more moisture and variability into weather patterns, especially in the southern U.S., California and the West Coast.

The variable upper-level pattern this year should produce a variety of storm tracks. Some storms will develop close to home and move into the Gulf Coast or Southeast, while others strengthen farther out, allowing the opportunity for a more significant hit along the Gulf or East Coast. Still others will meander out to sea.

All Things Economic

The panelists then discussed the energy prices in New England, which besides some regions in the Pacific, are the highest in the United States. The discussion touched on the implications of pipeline and offshore wind projects for current and future energy supply and prices. The panelists emphasized the importance of understanding these dynamics to make informed decisions in the energy market.

Natural Gas Fundamentals

Natural gas production is higher year-over-year, about 4 Bcf/d; however, demand is even higher at about 8 Bcf/d. There are fewer rigs (oil and gas) in the ground:  555 for the week ending June 13 versus 590 a year ago.  Although storage injections have begun the season high, with seven consecutive weeks of 100+ Bcf, a hot summer will begin to taper volumes going into storage as demand emerges for power generation. Another influencing factor is the price of oil.  As oil prices approach $60/bbl, the desire for drilling new wells declines. With less oil drilling, there is less growth in associated gas (gas associated with the production of crude oil), an important cog in the overall natural gas production in the U.S.

Department of Energy (DOE) Interventions

Recent DOE emergency orders have delayed the retirement of two fossil-fuel generation plants under the Federals Power Act’s section 202 (c). Based on summer reliability assessments from both MISO and PJM, the DOE deemed these plants as critical pieces to meet high demand. As strong load growth continues to trend upwards due to high temperatures, demand from data centers and recent energy policies focused on meeting reliability, it may be more common to see plants previously slated for retirement remain open.

Market Trends and Temperature

The webinar concluded with a look at forward power charts, including conversations about “the right time to buy,” the “Market Temperature” and other factors affecting the energy market.

View Webinar Recording

 

We invite you to join us for our next Energy Market Intel Webinar on Wednesday, July 16 at 2 pm ET. Constellation energy experts will offer detailed and timely updates on factors affecting the energy landscape such as weather, natural gas storage and production, and domestic and global economic conditions. Register by visiting  www.constellation.com/marketintelwebinar.

 

 

© 2025 Constellation. The offerings described herein, if applicable, are those of either Constellation NewEnergy, Inc. or Constellation NewEnergy-Gas Division, LLC, affiliates of each other. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved.  The Webinar, and this written recap, reflect the views, thoughts and opinions of each speaker and not necessarily to the speaker’s employer (including Constellation Energy Corporation or any of its affiliates), organization, committee or other group or individual. Constellation does not make and expressly disclaims any express or implied guaranty, representation or warranty regarding any opinions or statements set forth herein or in the webcast. Constellation shall not be responsible for any reliance upon any information, opinions, or statements contained in the webcast or for any omission or error of fact.

The post Webinar Analysts: Warm Summer Start, Pipeline Projects and Natural Gas Basis Updates appeared first on Constellation's Energy4Business Blog.

]]> Amanda Donohue https://blogs.constellation.com/energy-management/understanding-what-influences-electricity-cost/ Mon, 23 Jun 2025 13:43:00 +0000 https://blogs.constellation.com/?p=10221 Electricity costs are influenced by a variety of complex factors, from fluctuating energy rates to a company’s consumption patterns. Knowing...

The post Understanding What Influences Electricity Cost appeared first on Constellation's Energy4Business Blog.

]]> 3 min read

Electricity costs are influenced by a variety of complex factors, from fluctuating energy rates to a company’s consumption patterns. Knowing how these impact businesses is crucial to make informed decisions and manage operational expenses effectively.

Businesses should identify the various factors that affect electricity costs and build a strategy to help effectively manage them and optimize their cost structure.

Examining Electricity Price Components

The largest component of the overall cost of electricity is the energy supply. The energy portion of a monthly invoice can range from 35 to 70 percent of the overall cost depending on the location and type of business. Energy pricing is influenced by usage patterns, weather, and various state and federal regulations. Additional components that make up the total cost include capacity, transmission, ancillaries, passthrough charges for renewable portfolio standards and line losses.

Understanding these components and how they impact electricity bills can help businesses more effectively manage costs.

• Energy Supply: The cost of energy supply, influenced by usage patterns weather, and regulations, is the largest component of electricity costs, ranging from 35 to 70 percent. Effectively managing these costs can significantly reduce overall electricity expenses for businesses.
• Capacity: Capacity prices are determined by regional transmission organizations (RTOs) to support grid reliability and ensure that there is enough generation in the region to meet demand. In this way, businesses have reliable access to electricity, even during high-demand periods.   Capacity prices are not always separated from energy supply in regions without an RTO.
• Transmission: Primarily composed of Network Integration Transmission Service (NITS) and transmission enhancement (TEAC) costs, these cover the expenses associated with transporting electricity from generation stations to electrical substations near demand centers. These costs are determined by utility-set rates and governed by the Federal Energy Regulatory Commission (FERC). Efficient transmission systems can help reduce these costs, but overall transmission expenses are influenced by infrastructure and regulatory policies, impacting business costs.
• Ancillaries: Small administrative charges billed by the RTO to operate the grid safely and reliably. Ancillary services are essential for maintaining grid stability and reliability. Ancillary services charges are not always separated from energy supply in regions without an RTO.
• Renewable Portfolio Standards (RPS): Some states have RPS programs, which are mandates requiring load-serving entities to purchase a certain amount of renewable energy. Compliance with RPS can impact electricity costs, as suppliers may need to invest in renewable energy projects or purchase renewable energy certificates. This can lead to higher costs in the short term but can provide long-term benefits for businesses.
• Line Losses: Costs included in the electricity price to compensate for the energy lost over transmission and distribution lines due to heating. These losses contribute to the overall electricity costs for businesses.

Building Your Energy Purchasing Strategy

As businesses build their energy purchasing strategies, it’s essential to consider a variety of product types, timing and decision-making processes. The complex process can be simplified through easy-to-use tools and a customized approach. Here are some key considerations to help develop an effective energy purchasing strategy:

• Control fluctuation in your energy price: Various product solutions can help manage and stabilize energy costs, protecting businesses from volatile market conditions and ensuring more predictable costs.
• Fix your rate or spread your risk: Businesses can decide to lock in energy rates at a single point in time or spread risk by making purchases over time, balancing stability and flexibility based on risk tolerance and market conditions.
• Make informed purchase decisions: Businesses can make purchase decisions or leverage automated algorithms, like Constellation’s MVP product, to remove guesswork and emotion from the process. These automated tools can provide data-driven insights and optimize purchasing strategies for better outcomes.

Choosing the Right Supplier

In competitive markets, one size does not fit all when it comes to developing a power purchasing strategy. It is important for companies to consider their unique usage profile, risk tolerance and budget goals. With the ability to choose their energy suppliers and negotiate contracts that best meet their needs, businesses have the flexibility to choose from various energy contracts, which differ in pricing models, contract length and additional services.

Evaluating these factors and their impact on utility bills can be time-consuming, costly and challenging. Working with a retail energy provider like Constellation can simplify the process from start to finish. Our team can provide insights, market knowledge and tools to help you identify the right energy solutions to optimize your energy purchasing and reduce your costs.

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 © 2025 Constellation. The offerings described herein are those of either Constellation NewEnergy, Inc., Constellation NewEnergy-Gas Division, LLC or Constellation Navigator, LLC, affiliates of each other. Brand names and product names are trademarks or service marks of their respective holders. All rights reserved.  

 

 

 

The post Understanding What Influences Electricity Cost appeared first on Constellation's Energy4Business Blog.

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