December 2024

Key Takeaways

Brent closed at $74.49 per barrel last week, up 4.7% week-over-week. WTI rose 6.1% week-over-week to $71.29 per barrel. European Union ambassadors agreed to implement another sanction package on Russia this week, and the United States is debating similar policies. The NYMEX prompt month rose by $0.20 week-over-week to $3.28/MMBtu, a 6.6% increase. The rolling 12-month strip increased $0.07 week-over-week to $3.24/MMBtu, a 2.3% rise. Warmer temperatures in the U.S. decreased demand from the residential and commercial sectors. The NEPOOL 12-month electricity strip was up 4.18% week-over-week to $60.73/MWh following an increase in NYMEX and basis gas prices. The 2026, 2027, and 2028 calendar year strips all increased week-over-week.  


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CES Insights: A Look Back on 2024

By Nina Callanan, Managing Director of Pricing Analytics

When 2024 began, we had our eyes focused on our client’s energy needs and initiatives, the commodities markets (per usual), and, as always, on the broader industry and universal trends that were going to make an impact throughout the year. This included examining new global energy flows, fluctuations in the renewables market, and the building momentum around electrification. These topics and more became the basis for CES Insights blogs that we shared with you as 2024 unfolded. ....



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CES Road Trip Hoover Dam

Through Road Trip, Competitive Energy Services features various energy infrastructure projects – road trip style. We have always enjoyed visiting and learning about the physical energy infrastructure that powers our world. Our families and friends are often subject to detours on family vacations – as was the case with this month’s feature.


While on vacation over Thanksgiving weekend, CES' Will Dickerman, Energy Analyst, and his family visited and toured the Hoover Dam, operated by the United States Bureau of Reclamation. The hydroelectric arch-gravity dam straddles the Colorado River in the Black Canyon of the Colorado, between the Nevada and Arizona border. Constructed between 1931 and 1935, the Hoover Dam stands 726 feet tall, the approximate height of a sixty-story building. The dam contains enough concrete to build a four-foot-wide sidewalk around the equator. It weighs as much as 18 Empire State Buildings. Seventeen main turbines provide a nameplate generating capacity of 2,080 megawatts (MW).


Before Hoover Dam was constructed, the flow of the Colorado River was unpredictable, with frequent periods of drought and devasting floods that would wreak havoc on the flatter topography downstream. Constructing a dam here meant diverting the flow of the Colorado by constructing four 56-foot diameter diversion tunnels. Because the concrete would take more than 125 years to cool and set on its own, engineers devised a system where construction crews would pour blocks and cool the concrete using chilled water from a refrigeration plant. After four years of around-the-clock work, President Franklin Roosevelt dedicated Hoover Dam in 1935.


“As an energy professional and college history major, visiting the Hoover Dam combined two passions. Seeing the colossal scale of the dam, penstocks, and spillways left me in awe. Learning about the dam’s history gave me a greater appreciation for the Hoover Dam as a 1930s engineering marvel and the role of water in shaping the modern American West.”


Photo by: Will Dickerman 

CES Community Support YMCA Alliance of N. New England Conference

Competitive Energy Services was a proud sponsor of the YMCA Alliance of Northern New England’s Northern New England Leadership Conference, the premier conference for YMCA staff and volunteers in Maine, New Hampshire, and Vermont that encourages learning, collaboration, and networking across chapters. More than 250 YMCA leaders attended from across the region to participate in workshops and to celebrate the Y’s work building healthier communities. Lauren Grey, Senior Energy Services Advisor, and Daniel Long, Client Development Coordinator joined in on the fun while representing CES and networking with attendees at the company’s conference booth this year. 

Staff Pick Nina Callanan

Building a Brand Story

By Donald Miller


Donald Miller's StoryBrand process is a proven solution to the struggle business leaders face when talking about their businesses. This revolutionary method for connecting with customers provides listeners with the ultimate competitive advantage, revealing the secret for helping their customers understand the compelling benefits of using their products, ideas, or services. Building a StoryBrand does this by teaching listeners the seven universal story points all humans respond to, the real reason customers make purchases, how to simplify a brand message so people understand it, and how to create the most effective messaging for websites, brochures, and social media. Whether you are the marketing director of a multibillion-dollar company, the owner of a small business, a politician running for office, or the lead singer of a rock band, Building a StoryBrand will forever transform the way you talk about who you are, what you do, and the unique value you bring to your customers. (Amazon Book Review)

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If you have a pressing energy question, or would like to hear about a particular topic in a future edition of the CES Insider, please contact us on our website today. We look forward to hearing from you!
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