3 Tips to Save Money on Your Energy Bill This Winter

With the first official day of winter less than a month away, our minds are already turning to winter preparation. Over the last few years, the U.S. has seen particularly volatile winters, which resulted in heavy strains on power supply and dramatic price spikes for energy.

EIA’s October Short-Term Energy Outlook (STEO) forecasts that heating oil and propane prices will remain higher throughout the coming 2018-2019 winter, as well. Plus, the National Oceanic and Atmospheric Administration (NOAA) anticipates that the season will be colder than last winter in much of the country (though not in the Midwest, which NOAA says is expected to be 1% warmer than last winter).

Despite advancements in modern technology, we still can’t accurately predict the weather. So, regardless of the temperatures outside, here are a few tips to mitigate the effects of extreme temperatures on our energy bills.

Tip 1: Use Less.

It may be commons sense, but it bears mentioning: The primary and most common way to lower energy bills is to reduce usage where possible. Because energy prices, which are dictated by governmental bodies and private industries, can be less flexible, energy usage is user-driven and completely under your control.

Tip 2: Track Usage.

Many utilities allow customers to track their electricity usage online. Take advantage of this opportunity. Not only can you see which facilities are using the most power at what time, but it can provide you with performance metrics. Use these benchmarks to optimize your energy spend without affecting productivity.

Tip 3: Review.

Usage isn’t the only factor that contributes to the rising or falling of energy costs. In states that are deregulated for electricity and/ or natural gas procurement, there are energy suppliers by the dozen. It’s important to review an energy supply contract as thoroughly as any standard agreement, especially before winter and summer, where energy usage tends to be at its highest. A knowledgeable consultant like Titan Energy can help to facilitate this process and make sure you’re getting the right supplier to meet your needs.


Thanks a Watt for Another Great Year!

Though the holiday season is only just beginning, we are taking a moment to reflect on the year that we've had. With an expanding team and the addition of so many amazing projects, 2018 was among the most impactful years in our company's history and we have you to thank.

Titan Energy was born 17 years ago with the goal of saving customers like you time and dollars when it came to their companies' energy spend. We thought that by freeing managers up, they could focus on what really matters: nurturing moral and growing a business. Never could we have imagined that we would become one of the largest trusted energy consultants in the Northeast with thousands of dollars donated to make our world a better place.

From the bottom of our grateful hearts, thank you for being a part of our mission. We hope you enjoy a relaxing and joyous holiday season with those you love most.

Cheers,

The Titan Energy Family

IEA: Gas 2nd Largest Energy Source by 2030

Source: Tomohiro Ohsumi | Bloomberg | Getty Images

Source: Tomohiro Ohsumi | Bloomberg | Getty Images

Coal, your time is limited.

According to the International Energy Agency (IEA), it will be replaced by natural gas as the world’s second largest energy source within the next 12 years. The estimates are based on the IEA’s "New Policies Scenario" that takes into account legislation and policies to reduce emissions and fight climate change.

The Paris-based organization said in its World Energy Outlook 2018 that energy demand would grow by more than a quarter between 2017 and 2040 assuming more efficient use of energy - but would rise by twice that much without such improvements.

Global gas demand would increase by 1.6 percent a year to 2040 and would be 45 percent higher by then than today, it said.

To read more about the IEA’s findings, click here.

Report: CT Sees 4th Highest Utility Bills in Country

Source: Move.org

Source: Move.org

Are you a Nutmegger who feels like your utility bills are high? According to a new report by move.org, that's because they are.

Connecticut, whose average monthly cost for all utilities is $496.07, has the fourth highest monthly utility bills in the U.S. The national average is $422.08. The state's biggest bill each month is electricity with an average cost of $187.29 compared with the national average of $125.22.

The site looked at electricity, natural gas, Internet, cable and water costs in each state as well as the national averages.

EIA: New England's Competitive Electricity Markets Lead to Less Price Volatility

Source: EIA

Source: EIA

Of the six states that comprise New England, all but Vermont have deregulated electricity markets that allow customers to choose among competitive suppliers to provide their electricity. Retail electricity prices paid by customers in New England who choose a competitive supplier are much less volatile than wholesale electricity prices, but temporary increases in competitive retail electricity prices occur at about the same time as the largest increases in wholesale electricity prices.

To read more, click here.

EIA: Natural Gas Storage May Enter Winter at Lowest Levels Since 2005

Source: EIA

Source: EIA

EIA forecasts that natural gas inventories will reach 3,263 billion cubic feet (Bcf) at the end of October in its recently released October Short-Term Energy Outlook (STEO), the lowest end-of-October level for U.S. natural gas inventories since 2005. Lingering cold temperatures in April 2018, the coldest April in the past 21 years, delayed the start of the natural gas storage refill season by about four weeks. Coupled with heavy natural gas withdrawals in January 2018, the delayed start to the refill season led to storage levels that have remained lower than the previous five-year minimum. However, late-season injections during the past four weeks have been close to their five-year averages, with injections averaging 81 Bcf compared with the five-year average of 82 Bcf.

To read more, click here.

As Temps Surge in Northeast, Grid Says Power Sufficient

Utilities in the U.S. Northeast expect to have enough power to keep the lights on as homes and businesses crank up air conditioners to escape a heat wave, the region’s power grid operators said on Tuesday.

Temperatures in the biggest U.S. Northeast cities were all expected to reach the 90s Fahrenheit (32 Celsius) this week, the highest so far this summer. Grid operators have asked businesses to reduce demand when possible.

“We expect to have sufficient capacity through the heat wave but we will continue to closely monitor regional electricity supplies,” said Marcia Blomberg, a spokeswoman at ISO New England, which operates the grid for the six New England states.

To read more from Reuters, click here.

New Rules Require Permanent Generators in All Florida Nursing Homes

As the Atlantic hurricane season kicks off, skilled nursing providers in Florida have been working to meet the requirements of the state’s new nursing home generator law.

There have been hurdles along the way. The law, first proposed in the wake of the deaths that followed Hurricane Irma at the Rehabilitation Center at Hollywood Hills, became law in March after legal tangles and opposition from provider groups.

Under the legislation, SNFs and assisted living facilities are required to have generators that can maintain a temperature of 81 degrees or lower for four days. The deadline for compliance was June 1, but SNFs could apply for an extension if needed.

If you have questions about the new requirements or are interested in a no-cost assessment of your facility, contact TitanGen General Manager Adam Teff directly at (860) 965-2884 or via email at ateff@titanenergyne.com.

To read more on this new legislation, click here to read the rest of this article from Skilled Nursing News.

solar

Solar Series: Decoding the Calculations

The biggest obstacle to successful solar project implementation occurs before any permits are pulled, before a single panel is delivered to the job site and well before the utility authorizes the system to begin producing power. TitanGen General Manager Adam Teff shows us how to really understand our solar savings.

Walking for Hunger in Connecticut

One out of every eight people in Hartford and Tolland Counties are at risk of hunger, according to Foodshare, a Connecticut-based regional food bank. For us at Titan, which is headquartered in Rocky Hill, Conn., that translates to roughly 127,000 of our neighbors who experience food insecurity, including more than 36,000 children.

EIA: Natural Gas, Renewables Make Up Most of 2018 Electric Capacity Additions

Source:  U.S. Energy Information Administration,   Preliminary Monthly Electric Generator Inventory

Source: U.S. Energy Information Administration, Preliminary Monthly Electric Generator Inventory

The EIA expects nearly 32 gigawatts (GW) of new electric generating capacity will come online in the United States in 2018, more than in any year over the past decade. Although renewables such as wind and solar accounted for 98% of the 2 GW added so far this year (based on data for January and February), EIA expects about 21 GW of natural gas-fired generators will come online in 2018.

Click here to read more.

Pennsylvania's Natural Gas Production Continues to Rise

Source: EIA

Source: EIA

Pennsylvania’s marketed natural gas production averaged a record 15 billion cubic feet per day in 2017, 3 percent higher than the previous year. According to the U.S. Energy Information Administration, this is a result of shale plays in the Appalachian Basin. In 2017, Pennsylvania accounted for 19 percent of total U.S. marketed natural gas production, producing more natural gas than any other state except Texas. To read more, click here.