3 min read

Catch Some Falling Power Prices in New York

By 5 on July 18, 2019

The state of New York has been aggressive in its attempts to de-carbonize the state’s economy.  Its goal is to reduce carbon dioxide emissions 40% by 2030 and 80% by 2050 relative to levels in 1990.  Every kilowatt-hour of power used by both businesses and consumers relies on the output of a power plant to make that electricity.  The New York Independent System Operator (NYISO is the public entity responsible for managing the state’s electricity grid), realized that the state’s wholesale electricity markets were not aligned with the state’s vision for reducing carbon dioxide emissions. 

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Topics: Markets NYISO
3 min read

How Low Will Spot Prices Go?

By 5 on June 17, 2019

New York’s Power Spot Market Clearing Extremely Low

In April 2019, Real-Time spot prices, or index prices, for electricity settled lower than typical for the month ofApril. These price trends are shown in Figure 1.  This chart shows the spot price in various regions of New York over the last year.  The letters in chart’s legend correspond to different geographic regions of the state (see map in Figure 2). The settlement prices in April were more in line with typical prices for May and June when index prices are usually at their lowest. 

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Topics: Markets NYISO
3 min read

Climate Mobilization Act, the Tale of Two Industries

By Luthin Associates on June 1, 2019

New York City passed a set of laws under the Climate Mobilization Act to transition New York toward clean electricity and drastically lower Greenhouse Gas (GHG) emissions. This new legislation intends to counter the threat of climate change and involves four local laws which require:

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Topics: Clients NYISO Case Studies Sustainability Education Renewables
1 min read

Spotlight – ReCharge NY, Tax Refunds, and NYSERDA Benefit Prominent NYC Medical Center

By 5 on March 18, 2019

A major New York City medical center originally engaged 5’s Luthin Associates team to review low-cost power options under the New York Power Authority’s (NYPA) Power for Jobs program (now known as ReCharge New York), which saved this client more than $3 million compared to market rates over the life of the award. Luthin Associates provided management and oversight of the entire process which included issuing rebate checks, on-going bill reviews, and acting as a liaison between NYPA and the client to ensure compliance with program requirements. The successful nature of this engagement prompted the medical center’s financial executives and operations team to expand its relationship with Luthin Associates to find additional ways to lower its energy-related expenses.

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Topics: Markets Clients NYISO Case Studies Sustainability Renewables
2 min read

Spotlight - Power Purchase Agreement for Major University in NYC

By Luthin Associates on July 18, 2018

Luthin Associates was involved in negotiating a Power Purchasing Agreement (PPA) that helped a well-established New York City University build the largest solar system installed in New York City. The 3.1-megawatt solar collection will offset a significant share of the electricity used by this university and its sister school located in the Bronx. This project is in support of Governor Andrew M. Cuomo’s clean energy goal authorizing 50% of electricity to come from renewable energy sources by 2030.

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Topics: Clients NYISO Case Studies Sustainability Renewables
1 min read

Luthin Associates Helps Clarkson Avenue Microgrid Project Win

By Luthin Associates on August 10, 2017

Luthin Associates partnered with a host of other firms and ConEdison in the NY Prize competition, a first-in-the-nation challenge to help communities create microgrids.

A microgrid is a standalone energy system that is capable of operating on its own in the event of a power outage. One purpose of the project is to create a network of users who rely on the same microgrid. This community of microgrids will allow for local power generation using clean and efficient energy sources including, but not limited to, wind, solar, and combined heat and power (CHP).

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Topics: Markets Clients NYISO Case Studies Sustainability Resiliency
1 min read

Spotlight - Whole Health Energy Plan for A Major University

By Luthin Associates on May 20, 2016

A major university approached Luthin Associates to develop a plan to reduce its greenhouse gas emissions by 30% over a ten-year period. Luthin worked directly with facilities, financial services, students, and faculty to create a sustainability committee. The committee developed a Whole Health Energy Plan that would enable the customer to meet its goals and increase the sustainability of its campuses, which comprised more than 40 buildings and over 3 million square feet.

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Topics: Clients NYISO Case Studies Sustainability Renewables Resiliency