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Record PJM Capacity Prices: Adapting Your Energy Procurement Strategy
The recent PJM capacity auction has caused a significant stir in the energy market. Auction prices have reached record increases of more than 800% higher than last year, causing concern among energy generators and businesses alike.
Challenges and Solutions for Multi-State Energy Operations
Managing energy procurement across multiple states, like the PJM energy market, demands a strategic approach. With varying state regulations, the need to control costs and the necessity for a cohesive strategy, businesses face significant challenges in addressing their energy needs. So, what are
Energy Procurement in PJM: Key Insights
If your business operates within the PJM energy market, you’re part of an exclusive energy sector serving 65 million people across 13 states and D.C. What is PJM exactly? It’s like an air traffic controller for electricity, ensuring power gets from where it's generated to where it's needed.
Pilot Power Group, Portfolio Company of Boyne Capital, Has Acquired Trebel Energy
MIAMI, Dec. 20, 2021 /PRNewswire/ -- Boyne Capital Partners ("Boyne") is pleased to announce that its portfolio company, Pilot Power Group ("Pilot") has acquired Trebel Energy ("Trebel" or the "Company"), a leading provider of electricity and natural gas procurement services to municipal
The Impact of Market Timing on Energy Procurement Strategies
The energy market is a volatile arena where timing can make or break your procurement strategy. Businesses need sharp, advanced tactics to cut costs and stay ahead of evolving energy markets. Knowing the importance of market timing, understanding volatility, and leveraging expert energy partners
Managed Energy Procurement: Benefits & Pilot’s Expertise
Energy prices have surged in recent years due to rising demand and climate change. According to the U.S. Energy Information Administration (EIA), new solar and wind projects boosted these sources to 16% of total U.S. electricity generation in 2023, up from 14% in 2022 and just 8% in 2018.
Energy Procurement: Turning Risks Into Savings
Energy procurement is an important aspect of business operations, directly impacting both operational efficiency and financial performance. The stakes are high: missteps can lead to substantial losses, while strategic management can unlock significant savings. By avoiding common pitfalls and
The Power of Renewable Energy Certificates
Government mandates and corporate sustainability goals are increasing the demand for green initiatives. Renewable Energy Certificates (RECs) play a crucial role in helping companies reach their environmental targets.
Pilot Energy Partners with Bloom Energy to Advance Sustainable Power Solutions
A Synergistic Approach to Fueling Businesses Pilot Energy, a leader in energy procurement and management services, is excited to announce its strategic partnership with Bloom Energy, innovators in clean energy generation. This strategic partnership offers a suite of sustainable power solutions to
Energy Procurement in Private Equity: Pilot Energy’s Approach
In private equity, optimizing portfolio performance is key. In 2023, US energy transition investments increased by 22%, hitting $303 billion, signaling a shift towards smarter energy procurement and management for operational efficiency and growth.
Pilot Energy Strengthens National Presence with Acquisition of Worthington Energy Consultants
Pilot Energy, a leading provider of Energy Procurement Advisory services, is pleased to announce its acquisition of Worthington Energy Consultants, a highly respected energy consulting group headquartered in Columbus, Ohio.
Empowering Your Energy Choices: The Benefits of an Energy Advisor
Proactively managing your energy portfolio is vital for reducing and stabilizing energy spending in today's rapidly changing energy market.
What We’re Reading: Global Energy Perspective 2023
The energy transition is well on its way, yet the precise route it will take remains uncertain.
What We’re Reading: U.S. Henry Hub natural gas prices in 2023 were the lowest since mid-2020
Due to sustained high production levels and reduced consumption of natural gas in residential and commercial sectors, working inventories of natural gas were 11% higher than the previous year
What We’re Reading: EIA expects U.S. annual solar electricity generation to surpass hydropower in 2024
The U.S. Energy Information Administration (EIA) anticipates that in 2024, the United States will generate 14% more electricity from solar energy than hydropower
ESG momentum: Seven reported traits that set organizations apart
McKinsey's Global Survey on environmental, social, and governance (ESG) momentum reveals seven traits that set organizations apart when creating ESG initiatives.
What We’re Reading: Landmark COP28 agreement calls for ‘transitioning away’ from fossil fuels
Delegates from nearly 200 nations achieved a groundbreaking climate agreement at the COP28 summit, emphasizing a move away from fossil fuels and a focus on renewable energy.
What We’re Reading: An affordable, reliable, competitive path to net zero
In this Report, McKinsey outlines the path to net zero and the importance of stakeholders committing to future net zero targets and pledging to make continuous progress each year.
