February 2023

Key Takeaways

WTI closed at $73.39/Barrel on Friday, posting losses of over $6/Barrel from the week prior driven by continued builds in domestic crude, gasoline, and distillate product inventories. Natural gas front month futures saw a sharp decline this week settling at $2.41 on Friday, a 22.51% decrease from the previous week. Adequate storage and production through most of January and warm weather forecasts for the start of February have kept futures sliding through the short-lived cold spout. New England electricity prices reached their lowest price since 2021 on January 31 and have since come up slightly, with the NEPOOL 12-month strip increasing 3.49% week-over-week, settling at $65.40/MWh. 

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Fuel Security: New England’s Biggest Winter Concern

By Max Webb, Managing Director of Pricing and Larry Pignataro, Director of Strategic Partnerships & Senior Energy Services Advisor

Max Webb and Larry Pignataro support Competitive Energy Services’ clients from two divergent, yet complementary vantage points. On a daily basis, Max seeks to understand and add meaning to complex pricing components that are important to clients in countless ways. Without missing a beat, Larry adeptly manages client relationships, fields clients questions and inquiries.... 

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CES SPOTLIGHT An Interview with Larry Pignataro

This month’s Competitive Energy Services Insights blog titled Fuel Security: New England’s Biggest Winter Concern was co-written by Larry Pignataro, Director of Strategic Partnerships & Senior Energy Services Advisor who has been with the company since 2007. In his role, Larry works with a range of CES clients, helping them manage energy commodity procurement strategies, energy budgeting and variance tracking, and sustainability services. His other responsibilities include developing new business and strategic partnerships for CES. Larry is a trusted colleague and an invaluable human resource to the company and our clients. He sat down for an interview recently and shares a bit about his experience in the energy field and a few tidbits about his life outside of work. 

Photo by Nina Callanan

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CES Team News New Hires

Lakshya Bharadwaj graduated from the University of Maine in 2022 with a Master of Science in Financial Economics, where he conducted and published research on cryptocurrency markets and studied advanced econometrics, financial management, investment analysis, energy economics, and regional economics. As a graduate student, Lakshya also authored a research paper proposing a novel PPA pricing mechanism for renewable generators. Lakshya earned his bachelor’s at Berea College in Kentucky in Economics and Political Science with a math minor. Prior to CES, Lakshya worked at EDP Renewables in Houston as a Global Risk Analyst, working on the North America market risk team. In this role, Lakshya built, managed, and presented data tools and models to construct and track risk metrics, price volatilities in the Day Ahead and REC markets, and production profiles for solar and wind assets.

Minh Le joined CES in 2023 as a Data Analyst. With her interest in renewable energy projects and developing zero carbon footprints and clean energy solutions, she was drawn to CES. She will be responsible for Variance Tracker and Utility Bill Credit work as she applies her knowledge of the energy industry and statistics expertise. As a graduate of St. Lawrence University, Minh concentrated on Econometrics and Statistics, and she constantly challenges herself to research and understand different aspects of data analytics. She is eager to learn from her teammates and continuously improve her data analytic skills. When she is not at work, she can be found walking around Boston in search of the best coffee shop. 

Photos by Nina Callanan

Staff Pick Larry Pignataro

Strong Fathers, Strong Daughters: 10 Secrets Every Father Should Know

By Meg Meeker, M.D.


At the heart of the CES ethos is the value placed on work/life balance and the importance of family. Larry Pignataro’s Staff Pick selection this month is a reflection of that value system. In Strong Fathers, Strong Daughters: 10 Secrets Every Father Should Know, Dr. Meg Meeker draws on her 30 years of experience practicing pediatric and adolescent medicine, and explains why an active father figure is, quite possibly, the single most important factor in a young woman's development. This invaluable guide shows how a father can be both counsel and protector for his daughter as she grows, guiding the course of his daughter’s life – personally and professionally.

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