July 2023

Key Takeaways

WTI closed at $72.08/Barrel on Friday, up 2.8% from Friday last week, and Brent closed at $76.47/Barrel, up 2.6% week-over-week. OPEC+ countries, particularly Saudi Arabia and Russia, remain firm in their planned production cuts which are now extending into August, a major factor pushing prices upward and putting pressure on US domestic crude inventories and production. Natural gas prompt month futures saw a slight 2.1% increase week-over-week to land at $2.66/MMBtu. This week, natural gas production jumped back above 100 Bcf/d after slumping below that benchmark for a few weeks. Production averaged 101.4 Bcf/d. Due to rising temperature and increased cooling demand, we also saw an 11.7% increase in natural gas consumption for power generation over the past week. Electricity prices fell over the past week, with the NEPOOL 12-month strip down 1.35% week-over-week, settling at $66.04/MWh. Summer temperatures are expected to increase cooling demand and subsequent prices. 

Read More


Beneficial Electrification and Rate Design: Expanding the Electricity Grid

By Matt Gamache, Vice President, Analytics & Operations

To reduce greenhouse gas emissions and take advantage of an increasingly renewable electricity grid, our energy systems must begin electrifying fossil fuel-based sources of emissions, such as replacing fossil fuel heating with heat pumps and shifting the transportation sector towards electric vehicles. This transition is referred to as....  

Read more


This month’s CES Spotlight shines brightly on Matt Gamache, Vice President, Analytics & Operations, known within the company, across our client base, and within the energy industry for his optimism, intelligence, energy expertise, and natural leadership ability. Matt oversees CES’ A-Team, our largest department, who individually and as a team make it a priority each day to understand all aspects of the energy industry – for the benefit of our clients and for the benefit of understanding its many nuances. Matt’s primary interests are renewable power, energy regulation, policy, and commodity markets.


Matt authored this month’s blog titled, “Beneficial Electrification and Rate Design: Expanding the Electricity Grid” about how our energy systems must begin to electrify fossil fuel-based sources of emissions to reduce greenhouse gas emissions, a transition known as beneficial electrification.


Read on to learn more about Matt’s professional background, his experience and pathway into the energy field, along with his interests, and people who have made an indelible mark on him along the way.    

Read more

Photo by: Nina Callanan

Staff Pick Matt Gamache

Volts | David Roberts | Substack

Volts is a podcast about leaving fossil fuels behind. I've been reporting on and explaining clean-energy topics for almost 20 years, and I love talking to politicians, analysts, innovators, and activists about the latest progress in the world's most important fight. (Volts is entirely subscriber-supported. Sign up!)


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!
Contact Us
COMPETITIVE ENERGY SERVICES | competitive-energy.com
Facebook  Twitter  Linkedin  Youtube