CES Market Summary/January Insider

January 2023

Key Takeaways

WTI closed at $73.77/Barrel on Friday, down nearly $7/Barrel from the week prior. Crude futures pricing saw steep losses this week, fueled by concerns around weakened global demand and oversupply, as well as central bank rate hikes. Natural gas front-month futures settled at $3.71 on Friday, down 17.9% from the week prior. Price relief throughout the week was caused by warmer than normal winter weather conditions expected to last through the end of January. New England electricity prices peaked on December 1 and have trended downward since then, with the NEPOOL 12-month strip decreasing 12.43% week-over-week, settling at $80.82/MWh.

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New England Energy Trends in 2023: What’s on Keith Sampson’s Mind

By Keith Sampson, Senior Vice President, Energy Services

In these early days of 2023, Competitive Energy Services’ Keith Sampson, Senior Vice President, Energy Services shares his viewpoint in a CES interview on energy market trends – with a specific focus on trends for our New England area clients - and offers advice to businesses who have their eye on the near- and long-term commodity strategies for the next winter season....

CES SPOTLIGHT An Interview with Keith Sampson

The January 2023 Insights blog was written by Keith Sampson, CES’ Senior Vice President, Energy Services. Keith has more than 20 years’ experience in the energy and power industry, and he shares that expertise daily as he advises CES commercial, educational, and industrial clients in New England as they make energy-related decisions that impact their businesses. Over the years, Keith built and currently manages a team of energy services professionals who collectively advise and help deliver winning solutions to CES clients who rely on us every day to help them navigate the ever-changing landscape of the energy market.

As we start the new year, Keith shares his thoughts about the energy industry, both short- and long-term outlooks He also shares a bit about himself and his life outside of the CES workplace.

"Keith Sampson has been a cornerstone of CES operations for 15 years. Keith's passion for helping CES clients is evident to anyone that knows him. His energy and work ethic are legendary within the company. Keith always goes the extra mile (and sometimes completes a full marathon) to provide clients with the best available information and assistance with time-sensitive decisions. This is especially critical when energy market volatility is high, as it has been over the past few years. As Senior Vice President at CES and head of our Energy Services Advisory team, Keith leads by example and is a mentor to his colleagues and a trusted partner to our clients. Keith is integral to the CES foundation and our growth and success over the past 15 years is built upon his many contributions to our company and our clients." – Andy Price, President & COO

Join us in congratulating Keith Sampson on his milestone 15^th anniversary!

Photo by Nina Callanan

Edward (Teddy) Storrs joined Competitive Energy Services in 2022. As an Energy Services Advisor, Teddy partners with clients from various sectors to holistically manage their energy needs, including devising energy procurement strategies and implementing renewable energy initiatives. He is especially interested in how stakeholders, including CES clients, can leverage the clean energy transition to lower energy costs and increase energy independence. Teddy has conducted extensive research on New England’s nascent offshore wind projects and how ocean user groups perceive the impacts of these developments. He graduated from Colby College with a B.A. in Environmental Policy and French Studies.

Eliza Pohle joined CES in December of 2022 as an Energy Analyst. She participated in undergraduate research to understand the hurricane vulnerability in Small-Island Developing States (SIDS), with a focus on the agriculture sector in Cuba. Her primary interests at CES include sustainability and renewable energy initiatives. Eliza graduated from Colby College in May of 2022 with Bachelor of Arts in Environmental Policy and Spanish.

Photos by Nina Callanan

Have an Energy Question?

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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