Considerations for Energy Storage Assets

| January 16, 2019

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Commercial and industrial businesses bear 98% of the tens of billions of dollars in costs associated with power outages in the United States each year. Despite these costs in lost production more than 80 percent of C & I energy storage installations today are NOT used for backup power.

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Dynegy

At Dynegy, we deliver more than just power to residential, municipal, commercial and industrial customers across several states. We are committed to being a leader in the electricity sector.

OTHER ARTICLES

There's a Simple Way to Store Renewable Energy, And We Already Have The Technology

Article | February 26, 2020

The effect that fossil fuels are having on the climate emergency is driving an international push to use low-carbon sources of energy. At the moment, the best options for producing low-carbon energy on a large scale are wind and solar power. But despite improvements over the last few years to both their performance and cost, a significant problem remains: the wind doesn't always blow, and the sun doesn't always shine. A power grid that relies on these fluctuating sources struggles to constantly match supply and demand, and so renewable energy sometimes goes to waste because it's not produced when needed.

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Everything You Need To Know About Solar Power For Businesses

Article | March 5, 2020

Having a small business, on-going expenses are obvious. However, as a business owner, you always look for steps to have a significant reduction in them. Solar Power for Small Businesses can perfectly serve your purpose. Of course, Power Bills take a sound part of the total regular monthly expense. Also, with the constant phenomenon of the economy are likely to hike up with time. In this scenario, a Solar Power Systems for Small Businesses can perfectly deal with it. Well, it supplies enough energy required to function the equipment in your commercial space. This is why constantly the number of businesses going for solar has been increasing tremendously.

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RENEWABLE ENERGY: IMPACT OF COVID-19 ON PROJECT SPECIFIC INSURANCE

Article | March 16, 2020

We are certain that everyone involved in renewable energy projects are thinking about the impact Covid-19 will have on your projects being planned, built or operated. The following blog is not to be used as a full guideline, but rather an overview of our perspective on the situation. With the global Covid-19 escalation, it is likely that both the developers and the OEM’s are thinking “what impact will Covid-19 have on the completion of my project” and “can I still meet my PPA deadline?’ The first question to consider is whether a delay caused by a Force Majeure event insurable? The short answer is that no, a delay in this scenario would not be covered. Insurance is about Physical Damage to the subject matter insured, which is the Works. An outbreak of Covid-19 is not a Physical Damage event.

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Outdated perceptions: how energy attitudes are damaging customer wallets

Article | March 22, 2021

Despite rising energy costs and dwindling customer ratings of the ‘Big Six’, over 37% of Brits still believe they are getting a good deal when it comes to gas and electricity. Here, Keith Bastian, CEO of rising independent Outfox the Market, challenges those age-old perceptions that are damaging consumer bank balances… I have never quite understood the notion of pay more for the same service. Except that last part, is really where the difference lies. As I have made my way through the energy market, it seems clear to me that we are facing a common notion. Age-old dinosaurs, that have relied on name status and brand power to retain customer loyalty, despite not providing anything different or any value-added service, give the impression that customers are somehow safer with them. That is the biggest misconception. We at Outfox the Market would like to challenge that. Of course, when I speak in such a way, I am referring to the ‘Big Six’, those long-established brands whose share in the energy market whilst substantial, is increasingly coming at the cost to its customers. For example, in the latest independent customer rankings from Which, it was determined that the traditional big energy companies had some of the lowest scores for customer service and value for money, yet some customers still feel secure with them. On the contrary, rising independents, such as ourselves, were scoring highly in these areas and this is where I feel the difference lies. Regardless of your opinion on fossil fuels and/or renewables, it is more the value of looking after your customers, understanding their concerns and dealing with them efficiently that has become somewhat lost for the ‘Big Six’. It is true that they have a larger proportion of customers to serve with a larger workforce, but that should not be to the detriment to the service they provide. What were are seeing now, as evidenced by the recent Ofgem price hikes, is the ‘Big Six’ once again failing consumers in these areas, with most of the top names putting costs up by £96 a year on average as of April. I am not one to not acknowledge that energy firms are tongue-tied in some respects in passing regulated costs on; there are times when we must. However, customers could also benefit from a little research. Even with growing numbers of consumers switching, nearly 60% of all households in the UK are still on standard variable rate tariffs, those that are subject to the incoming Ofgem hikes. So, the real question is why aren’t more customers switching? Heritage, loyalty and brand association. These facets really should not come at cost of paying more for energy. I really believe it is down to time-sensitivity and a misunderstanding around the barriers to switching, with cost somewhere in the middle. According to MoneySuperMarket, 75% of us would switch if we could save £149.99. A hefty figure, but why not the £96 highlighted earlier? That is still pretty good, and something that would add up nicely over the years. I understand we are time-poor as a nation, it’s well publicised, but we’re all well averse in switching phone contracts and insurance deals, so why not where our energy comes from? Truth be told, I believe it’s an age-old notion that energy is ‘just something that comes with the house, not worth the hours or hassle to change.’ But in all honesty, it takes a matter of seconds to switch. Firms such as ourselves offer this and more via a quick and easy quote online. Best of all, many energy providers will help manage the switching process for you, contacting your current provider and notifying them of your intentions. I would also like to challenge this notion that once an energy firm ‘gets you’, you are ‘locked in’ for years upon end in ever rising contract costs. If you are on a standard variable tariff, you can switch to a new provider at any time. What’s more, even if you are in a fixed term energy deal, which can be subject to exit fees, sometimes the cost involved outweighs the savings you can make with your new provider. Customers must do their best to ask more of energy firms, check the service they are being given and hold it up against national bill averages. Compare what your neighbours, friends and family are paying under similar living circumstances, and weigh up if you are being given a fair deal. Living costs and regulated price hikes are always going to be an ever present worry, so I call on both customers and energy firms to do their due diligence in these respects. Age-old energy firms relying on their reputation must take a serious inward look at their lessening market share to understand why they are failing customers. It’s time to make a change now, both from business attitude and a consumer standpoint; switching is quick, easy and a vital notion to bear in mind, as both retaining custom and saving money becomes an ever-growing sticking point in the energy market.

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Dynegy

At Dynegy, we deliver more than just power to residential, municipal, commercial and industrial customers across several states. We are committed to being a leader in the electricity sector.

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