The Business Energy Edge

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Steep Increase in Ohio Commercial Customers Choosing Electricity Suppliers

Commercial and industrial customers throughout Ohio have a variety of choices when it comes to electricity supply: the utility, brokers, consultants, and direct suppliers of energy. As a result of regulatory changes over the past few years, greater competition in the energy market has led to better financial benefits to businesses.

Third-party suppliers can offer businesses the ability to lock in an energy price to fit their needs. They can also help commercial customers develop energy plans based on usage patterns and available product options, while taking into consideration any market and contractual risks. Across 6 leading Ohio utilities, more than 50% of commercial power customers now receive their electricity supply from third-party suppliers.

Read the full article on Columbus Business First.

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U.S. Energy Storage Market Value Expected Near $2.5 Billion By 2020

According to a new report from GTM Research and the Energy Storage Foundation, in 2015 there was a 243% increase in energy storage installation as compared to 2014. Even more growth is expected in the coming years, as storage prices are predicted to continue falling paired with the recent extension of the federal Investment Tax Credit and new guidelines under review at the Internal Revenue Service.

As part of the report, the biggest 2015 market was the utility/front-of-meter market, comprising 85% of all deployments. The majority of these were in PJM’s territory. The greatest area of growth in 2015 was in the behind-the-meter market (both residential and non-residential segments). This market increased an impressive 405% last year.

GTM predicts that these findings will impact growth in other markets in the coming years, as well.

Check out the full story on Utility Dive.

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Over 50% of New Electric Generation Predicted to Come From Solar and Wind in 2016

The U.S. Energy Information Administration says clean energy generated by solar and wind will comprise over half of all new electric generation this year. With over 26 GW of power-generating capacity being added this year, EIA experts predict that the top three energy sources will be natural gas, solar, and wind.

There are a variety of reasons for the increase in solar, including falling solar panel costs and the increased pressure for utilities to accommodate renewable energy standards. Though coal is still a leading source of electricity generation, there’s been a steady decrease, with nearly 15,000 MW of coal plants taken offline last year alone.

Read more on Take Part.

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Keep a pulse on what’s happening in the energy industry. Learn more in this week’s Market Commentary.
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  1. There are nearly 5 million commercial buildings and 350,000 industrial facilities in the U.S.
  2. The U.S. contributes about 20% of the world’s global greenhouse gas emissions.
  3. The top LEED registered and certified state is Illinois. The top country is Canada.
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