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TPI Takeaway Market Snapshot: October 24, 2022

Ohio Electricity Rates More than Double By Summer Ohio FirstEnergy customers will see their electric bills rise starting next summer, as the Akron-based utility has purchased some of its electricity at more than twice the price it’s paying now. During the October 4th auction, FirstEnergy agreed to pay an average price of $122.30 per megawatt-hour for delivery…

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Market Snapshot for Monday, Oct. 17, 2022

Weather Outlook:  Brrr! Frost and freeze conditions are forecast early this week across portions of the Plains, Mississippi Valley, Ohio Valley and Tennessee Valley.  Mild to warm weather for the remainder of the week across the Midwest, East and South will allow some late-season cooling demand along the Gulf Coast and back into Texas, but…

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Market Snapshot for October 10, 2022

Weather Forecast: Below Average Temperature Outlook Hurricane Ian directly hit Fort Myers and Sanibel Island, Florida, late last week, causing devastating damage to property and infrastructure. The storm knocked out power to more than 2 million Florida residents. Weather in the Midwest and East is mainly seasonal, with some frost warnings in the midwest this…

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Market Snapshot: Hello October!

Weather: ABOVE-AVERAGE TEMPS IN PACIFIC NORTHWEST MEANS LESS HEAT DEMAND Pricing dropped almost 33% in September. Strong production, mild weather, and Hurricane Ian all combined to bring the Natural Gas Market down by almost $3.00 during September. Take advantage of this now. This drop is temporary. Winter weather is coming, which will mean higher demand…

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Cleveland Browns and Columbus Crew announce partnership for TPI Efficiency to become the Official Utility Consultant

September 27, 2022 CLEVELAND – Today, TPI announced multi-year partnerships to become the Official Utility Consultant of the Cleveland Browns and the Official Utility Consultant of the Columbus Crew. TPI Efficiency is the first organization to concurrently agree to new partnerships with the two professional sports teams operated by Haslam Sports Group (HSG). As the…

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Weekly Market Snapshot

Weather: PEAK HOURS FOR HEAT GETTING SHORTER While temperatures remain above average for most of the country, the afternoon peak temperatures are not lasting as long as we move into fall and earlier sunsets. This has led to less cooling demand and more substantial storage reports. NOAA TRACK OF HURRICANE IAN Tropical Storm Ian, forecast…

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Market Snapshot: Weekly Energy News

MARKET DROPS AFTER POSSIBLE RAIL STRIKE AVERTED A DROP IN PRICING DROPPED AFTER BOTH SIDES AGREED TO SETTLE An imminent rail strike sent prices soaring on Wednesday and crashing back just as fast when they averted the strike after a 20-hour negotiating session in Washington, DC. The strike would have significantly impacted rail transportation of…

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