Falling fuel prices and increased energy transfers among Midcontinent Independent System Operator regions kept average real-time power prices virtually flat in August compared with July, stakeholders learned in a conference call Tuesday.
The real-time average price in August was $32.12/MWh, compared with $32.15/MWh in July and $31.65/MWh in August 2013, according to material used in Tuesday’s informational forum, a conference call that included…
By Mark Magill
If you’re not convinced there are dangers posed by the lack of competition in the US small parcel market, please read the transcript from FedEx’s earnings call on March 19, 2014. Near the end of the call FedEx stated that the 2013 peak season debacle was caused more by its customers’ behavior than by the severe winter storms and lack of preparation by the national carriers. And despite the repeated pummeling UPS received in the media, it stated right after peak season that it would not be increasing its capacity for 2014. UPS actually bragged how it decided not to have its drivers work on Christmas. (UPS wisely changed its tune and in July declared 2014 “the year of investing for the customer.”)
FedEx and UPS are both world class companies offering first class service, yet only in an atmosphere lacking in competition could they make public statements like the ones above. I could not imagine a regional parcel carrier criticizing its own customers or crowing how they favored their…
Spend Matters welcomes another guest post from Jim Haller, program director of transportation services at NPI, a spend management consultancy, focused on eliminating overspending on IT, telecom and shipping.
It’s no secret that the United States Postal Service has been on a mission to grow its parcel business. But the rate cuts that went into effect on Sept. 7 may be one of its most aggressive moves yet. The pricing changes affect two Priority Mail offerings – Commercial Base and Commercial Plus – and spotlight USPS’s increasing focus on attracting large e-commerce customers. For customers shipping at least 50,000 parcels a year, price cuts could be more than 50 percent.
As one would expect, UPS and FedEx are none too happy, especially after they’ve just announced they will charge shippers by dimensional weight for all package sizes come 2015. Documents filed by UPS and FedEx with the Postal Regulatory Commission claim the USPS is using its…
Nicholas Sakelaris, Staff Writer- Dallas Business Journal
Texas’ electric grid weathered a relatively mild summer, and forecasts for the fall show the state will have more than enough power to meet demand, even with power plants going offline for maintenance.
But winter could get dicey again if extreme cold sends demand up and shuts power plants down.
The Electric Reliability Council of Texas released its projections for the fall and winter seasons Monday. The Seasonal Assessment of Resource Adequacy report shows ERCOT having more than…
By JULIE CRESWELL and ROBERT GEBELOFF
PORT JEFFERSON, N.Y. — By 10 a.m. the heat was closing in on the North Shore of Long Island. But 300 miles down the seaboard, at an obscure investment company near Washington, the forecast pointed to something else: profit.
As the temperatures climbed toward the 90s here and air-conditioners turned on, the electric grid struggled to meet the demand. By midafternoon, the wholesale price of electricity had jumped nearly 550 percent.
What no one here knew that day, May 30, 2013, was that the investment company, DC Energy, was reaping rewards from the swelter. Within 48 hours the firm, based in Vienna, Va., had made more than $1.5 million by cashing in on so-called congestion contracts, complex financial instruments that…
by Nicholas Sakelaris, Staff Writer- Dallas Business Journal
The Texas electrical grid is controlled in Austin. Not by the Federal Regulatory Commission or by environmentalists in Washington D.C., Donna Nelson, chairwoman of the Texas Public Utility Commission, said at the Greater Dallas Planning Council luncheon Thursday.
And she added that she wants to keep it that way.
Much of the concern over the Environmental Protection Agency’s carbon dioxide regulations centers on how it could affect coal plants— either shutting them down completely or…