June 2023

Key Takeaways

The WTI 12-month rolling strip settled at $69.12/barrel on Friday, down 1.8% from the week prior, driven by uncertainties around the upcoming Federal Reserve meeting this week. Following last week’s stability, the natural gas prompt month futures saw an 8.9% increase week-over-week to land at $2.35/MMBtu. This week, production and supply remained relatively stable week-over-week due to mild temperatures. Net-imports from Canada finally recovered to their baseline after wildfires hindered the county’s ability to export. Electricity prices have continued to fall over the past week, with the NEPOOL 12-month strip up 3.8% to $64.72/MWh. On Friday, ISO-NE announced a total grid capacity of 30,000 MW of electricity for the summer, a number that is expected to exceed peak demand. 

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Hurricanes, Heat, and (CES Self) Help: What's in Store for Summer

By Max Webb, Managing Director of Pricing Analytics

Memorial Day has already come and gone and we’re marching toward the arrival of summer in a few short days. It’s hard to believe that just a few weeks ago, Maine saw all-time low temperature records broken, and even some May snowstorms. New England has been experiencing springs reminiscent of the past, including low pressure systems....  

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In the lead up to the summer season, it’s fitting that we’re shining the CES Spotlight on Max Webb, Managing Director of Pricing. Not only does Max ably lead our impressive Pricing Team of five, he is also one of our resident experts on weather trends, which have a major impact on market trends and energy commodities prices.

In addition to monitoring, forecasting, and reporting on weather’s influence on the markets, Max’s responsibilities at CES include energy procurement, data analysis projects, and budgeting for full-service clients. Recently, Max shared a bit more about his professional background, his experience in the energy field, along with his interests and people and experiences who have influenced over the years.   

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Photo by: Nina Callanan

CES SEMINAR Thank you!

On behalf of the Competitive Energy Services team, thank you for registering for our seminar, “Bridging the Future: Managing the Energy Commodity Transition.” We look forward to hosting our seminar, with the goal of providing timely energy-related topics relevant to our clients and friends. We hope this program answered some of the questions you may have about New England energy markets today – and tomorrow. The full webinar can be viewed by clicking on the link below.


Thank you again!

Questions? Email us at [email protected]


CES is pleased to be a part of the University of Massachusetts, Amherst’s Big Ten & Friends Utility Conference 2023, which will take place on the university’s campus from June 20 – 23.

Keith Sampson, Senior Vice President, Energy Services; Zac Bloom, Vice President, Head of Sustainability and Renewables; and Eben Perkins, Vice President, Consulting will be among the featured presenters at the four-day conference, which brings together facilities managers and energy specialists from universities across the U.S. to share lessons learned and best practices in campus utilities operations. This year’s conference agenda will feature discussions on pathways to carbon neutrality, energy resiliency, women in facilities, utility systems operation, maintenance innovations, and more,

For the conference schedule and to register, click here.

Road Trip Skelton Dam

Recently members of the CES team had the pleasure of visiting the Skelton Dam, an embankment dam on the Saco River between the towns of Buxton and Dayton in York County, Maine and located approximately 7 miles northwest of Saco and Biddeford. Owned by Brookfield Renewable U.S., the Skelton Dam was completed in 1948 with the primary purpose of hydroelectric power generation and has the largest fish lift, which was completed on the dam in 2001.

Our thanks to the Skelton Dam team for a memorable and educational visit!

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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