Chief Energy Exhibits At The 2012 Coooperator’s Coop & Condo Expo

Another year has passed with another trade show in the books.  Chief Energy was a prime exhibitor at this years 25th annual Cooperator’s Coop & Condo Expo.

Thousands were in attendance as the expo showcased hundreds of companies from pest control to oil delivery.

Chief Energy was there discussing their history of being one of  New York City’s trusted heating oil delivery companies since 1977 along with its transformation into the area’s  preferred energy service company (ESCO).

For more information visit www.chiefenergy.com or www.coopexpo.com.

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Posted in Energy Saving Tips, ESCO | 1 Comment

What You Should Know Before Choosing An Energy Supplier

Deregulation? ESCO?

What do I need to know get the best rates I possibly can?

How can Chief Energy help me out?

 

More than a million business and residential customers in New York City are now purchasing their electricity and natural gas from an energy service company (ESCO).

The energy marketplace is incredibly competitive.  How can a consumer properly take advantage of the benefits an ESCO like Chief Energy can provide you.  The knowledge of ESCOs and some basic information is surely required to better understand how you can save money.

First and foremost, your gas and electricity bills are broken down into two parts – supply & delivery.  Your energy can be purchased from your local utility or an ESCO.  The delivery portion of your energy service will continue to be provided only by your distribution utility.  The supply portion will be provided by the ESCO.

ESCOs like Chief Energy provide a wide variety of pricing options and services.  For example, certain ESCOs provide long-term fixed pricing; others offer variable rates that change with market conditions; others give the option for customers to lock-in a rate during certain peak months of energy use.

Before choosing an ESCO you should:

  • Compare prices and services offered.
  • Review terms which may cover special fees, deposits, renewals and switching procedures.
  • Consider customer service features including complaint handling, hours of operation, and toll-free numbers.
  • Research the company’s background. You may want to know how long the company has been in business, the company’s location or if it is affiliated with a utility or any other company.
  • Always review the terms and conditions before committing to an ESCO offer.

For more information, your local ESCO can provide you with the proper assistance you need.  Call your local trusted ESCO Chief Energy at 877-918-CHIEF (2443) and see how a simple switch can go a long way in saving you money on all your energy needs.

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Posted in Electricity, Fixed Price Energy Services, Natural Gas | 4 Comments

Natural Gas Storage Reaching Its Full Capacity!

The remainder of 2012 is looking to stay at all time high for underground natural gas storage.  The surplus of natural gas stems from the energy industry’s continued success in implementing the new and more efficient drilling techniques.   While production has been increasing, demand for natural gas has not been able to keep up, forcing producers to put their natural gas into storage.

Furthermore, the natural gas imbalance can be directly linked to the mild winter that the country has had.  Natural gas is witdrawn from storage during the cold winter months to meet heating demands. With winter temperatures averaging way above normal, the withdrawals of natural gas have been averaging way below normal.

Unless the U.S. experiences an extremely hot summer or a drastic cut-back on natural gas production,  record-high storage levels are expected to last.

The projected forecast for the summer has been reported as normal temperatures.  This creates the possibility of the actual physical storage capacity of natural gas being exceeded by October 2012.  If this maximum is reached, then it will result in the production of natural gas to be hauled until the storage is used up.

A direct correlation to the plummeting gas prices is the industry’s demand to use up the excessive amount of natural gas in storage.  Prices need to go low enough so that electricity generation produced by coal fired power plants is replaced by the lower priced natural gas fired power plants.

Low natural gas prices are translating into low power prices in several regions for the remainder of 2012.  Customers who would like to discuss a strategy to take advantage of these low prices should contact their Business Development Manager or their local trusted Energy Service Provider.

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Posted in National News, Natural Gas | 3 Comments

Is It Time To Replace Your HVAC System?

Many consumers are constantly looking for tips when thinking about replacing their HVAC systems.  Each scenario is different, and it’s fun to think about the best (and least costly) ways of saving energy for each particular situation.

Here are some things to consider if your heating and cooling system needs replacement.

  1. Finding a good contractor is crucial.  This doesn’t always mean, “who will do it for the cheapest?”  A better installation can easily leave you more comfortable and paying lower energy bills.  Your contractor will be the most versed on what will work for your home and particular climate.
  2. Once a contractor is selected ask them how you can lower your energy bills.  Your contractor should evaluate your home to determine your needs and diagnose any current efficiency or comfort problems.  Most consumers do not know that their current systems are too large for their home.  Check to see if you can get a smaller system than your old one.
  3. Make sure to weigh out your factors to find out which system is best for you.  Evaluate your home.  Do you have a tall, skinny place like a townhouse?  Are there rooms you barely ever use.  Have you considered zoning?  If you have electric resistance heat, a heat pump will almost certainly save you money.  Furthermore, make sure with whatever system you get, to consider energy star equipment.  In most climates it will save you money in the long run even if it costs more up front.
  4. Rebates are always good.  There are Federal tax incentives on some types of units, and utilities, states and other energy efficiency programs often have direct cash incentives for more efficient equipment.  These are more things your contractor can better aid you in.
  5. Don’t forget to set up a service contract.   It will keep your investment running well.  A new HVAC system is an expensive investment, like a car, and about a third of your energy bills each year depending on how well it’s working.   Also don’t forget to professionally maintenance your equipment as its needed.
  6. Look past your HVAC system.   Check that your walls, ceilings, and air ducts are not leaking into your garage or attic and that they are well insulated.

General tips to have you saving money in no time.

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Posted in Energy Saving Tips, HVAC | 2 Comments

United States: On The Brink To Be World’s New Energy Leader

The race for new-energy dominance is officially on.

Sinopec and Cnoon, two of China’s oil giants, announced earlier this month that they will seek to buy a 30 percent stake in American hydraulic-fracturing-services firm Frac Tech Holdings LLC.

There is a storm of great excitement about the natural gas development in the United States.  This could potentially touch off a competition worth up to $2 billion.  Furthermore, this possesses enormous implications for the global energy industry and the still-struggling U.S. economy.

China has nearly 50 percent more recoverable shale gas than the United States, yet in 2009 we took the spot of number-one natural-gas producer in the world.

How does this work?

What countries like China & Saudi Arabia lack in technique and expertise we make up for tenfold.  More that fifty years ago Americans pioneered hydraulic fracturing, a process whereby a high-pressured, water-based mixture is pumped into underground shale to release hydrocarbons.

Countries like China and Saudi Arabia are very rich in coal and oil, however, they are keenly interested in the American energy-extraction methods which would imply that the tables have finally turned.

The studies also found that increased production would reduce natural gas expenses as $11.6 billion annually.  Furthermore, the domestic shale gas consumption will exponentially triple by 2035.  Add to that the substantial amount to be made domestically and overseas by American manufacturers of shale-gas-related equipment.  This is a chance the Financial Times recently called a, “major export opportunity,” and we could see a significant uptick in jobs and general economic activity in certain sectors.

The U.S. has the tools and the motive to increase natural gas drilling full force.  Its time we did so before other nations with less know-how but more resources do so.

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Posted in Global News, National News, Natural Gas | 2 Comments

Another Election-Year Transformation

Natural Gas

This years presidential race is already producing some miraculous changes.  The latest example of this direction is the President’s new embrace of natural gas from shale.

On its latest report on jobs and further employment, the White House included a section on “America’s Natural Resource Boom.”  The report concludes that a few years ago there were widespread, “fears of a looming natural gas shortage,” but that, “the discovery of new natural gas reserves, such as the Marcellus Shale, and the development of hydraulic fracturing techniques to extract natural gas from these reserves has led to rapidly growing domestic production and relatively low domestic prices for households and downstream industrial users.”

This is the first time the White House has favorably spoken of the natural gas reservoir below Pennsylvania, West Virginia and other Northeastern states.

The White House report goes on to state that, “Of the major fossil fuels, natural gas is the cleanest and least carbon‐intensive for electric power generation. By keeping domestic energy costs relatively low, this resource also supports energy intensive manufacturing in the United States. In fact, companies like Dow Chemical and Westlake Chemical have announced intentions to make major investments in new facilities over the next several years.”

The Wall Street Journal sarcastically jokes that they, “checked to see if someone slipped a press release from the Natural Gas Council into the White House report by mistake, but apparently not.”

Oddly, this new endorsements seems to contradict the previous energy policies pursued by the current administration.  The Institute for Energy Research reports that royalties from oil and gas drilling have fallen more than 90% since 2008 because of Interior Department permitting delays and rejections.

It is evident that long-term energy security are a topic in this years election.  Furthermore, its is evident to see what each candidate brings to the table with this expanded notion.

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Posted in Natural Gas | 3 Comments

Twelve Ways To Lower Your Heating Bill

Heating oil and natural gas prices may have tapered off, but there are still some things you could do this winter to drastically cut your costs.

Here it comes. The annual rise in winter heating costs is right around the corner.  Thankfully, the bill won’t hurt more this year, but implementing certain tips can certainly make it hurt much less.

The Energy Information Administration forecasts that the average household heating fuel expenditures this winter will decrease to $928 per household, down from $947 last year. This is the first time we have had any sort of price drop since the winter of 2001-2002.

Do you want to save more than the projected $19?

John Ryan, team leader for commercial buildings for the Building Technologies Program in the Department of Energy says “There’s a lot of things that the entrepreneurial homeowner can do, if he’s a little bit handy.”

Here are a dozen simple steps one can take to slash your home’s heating bill. Six steps cost nothing to the homeowner. Eight steps cost under $100.  If combined, expect to save up to 20% on your home energy bill.

The Freebies They may sound simplistic, but these tips go a long way in helping to lower your monthly heating bill.

  • Turn down the thermostat.  10 degrees when you go to work, and again when you go to bed (16 hrs) and you can save up to 14% on your heating bill.
  • Use fans wisely.  Turn them off as soon as they’ve done their job.
  • Keep the fireplace damper closed.
  • Turn down the water heater.  Lowering the temperature of water in the water heater to 115-120 degrees reduces power use often without a noticeable difference to the user.
  • Keep heating vents clear. Vents blocked by rugs and furniture prevent heated air from circulating efficiently.
  • Use curtains.  Closing all curtains at night helps block the escape of that heat.

A couple dollars go a long way

  • Winterize windows. Put plastic film on those windows ($6).  It will curb drafts and keep windows from rattling.
  • Swaddle water heater and pipes.  Some newer water heaters already have a built-in insulation.  However, covering your older water heater with an insulated “jacket” will keep costs down.  This will run you no more that $17-$20.  Also, wrap water pipes when possible, especially when they run through uninsulated areas.
  • Low-Flow Shower Head.  Water-efficient shower heads can end up using 25% to 50% less hot water, saving both on water and power bills.  Usually costs under $20.
  • Smart Thermostat.  Do you usually forget to program your thermostat at night or before you go to work?  A “smart” thermostat can be set to change the temperature for you.  It functions just like programming a television and typically runs the user $50-$100.
  • Keep your furnace in shape.  Oil-fired boilers should be cleaned and tuned annually, and gas systems, every two years.  This typically runs the homeowner around $100.  By maintaining your heating unit, you can save between 3% and 10% on heating bills.
  • Insulation! Insulation! Insulation!.  Well-placed insulation, especially in the attic of older homes, can save a bundle.

By implementing all of the aforementioned strategies and signing up with an Energy Service Provider (ESCO), the homeowner can likely save much more than 20% on heating bills.

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Posted in Energy Saving Tips, Winter | 3 Comments

Factors Affecting Heating Oil Prices

Why Do Heating Oil Prices Fluctuate?

Heating oil prices paid by consumers can vary over time and by where a consumer lives. Prices can change for a variety of reasons.

1. Seasonality in the Demand for Heating Oil

When crude oil prices are stable, home heating oil prices tend to gradually rise in the winter months when demand is highest. However, at times, prices can surge quickly to very high levels. A homeowner in the Northeast might use 850-1,200 gallons of heating oil during a typical winter, while consuming very little during the rest of the year.

2. Competition in Local Markets

Competitive differences can be substantial between a locality with only one or a few suppliers or dealers versus an area with a large number of competitors. Consumers in remote or rural locations may face higher prices because there are fewer competitors.

3. Regional Operating Costs

Prices also are impacted by higher costs of transporting the product to remote locations. In addition, the cost of doing business by dealers can vary substantially depending on the area of the country where the dealer is located. Costs of doing business include wages and salaries, benefits, equipment, lease/rent, insurance, overhead, and State and local fees.

4. What Causes a Surge in Heating Oil Prices?

Home heating oil prices sometimes can change dramatically in a short period of time. Why does this happen? If refiners, wholesalers, dealers and consumers have enough heating oil in storage and temperatures do not drop rapidly, prices hold fairly steady (assuming crude oil prices are also not changing much). However, a rapid change to colder weather can impact both supply and demand; people want more fuel at the same time that harbors and rivers are frozen or delivery systems are interrupted.

What Causes a Surge in Heating Oil Prices?

Home heating oil prices sometimes can change dramatically in a short period of time. Why does this happen? If refiners, wholesalers, dealers and consumers have enough heating oil in storage and temperatures do not drop rapidly, prices hold fairly steady (assuming crude oil prices are also not changing much). However, a rapid change to colder weather can impact both supply and demand; people want more fuel at the same time that harbors and rivers are frozen or delivery systems are interrupted.

During this time, the available heating oil in storage is used much faster than it can be replenished. Refineries normally cannot keep up with demand during these cold periods. Wholesale buyers become concerned that supplies are not adequate to cover short-term customer demand and bid up prices for available product.

In the Northeast, for example, additional supplies may have to come from some distance away, such as the Gulf Coast or Europe. Transporting heating oil from these sources to the Northeast is more costly, and delivery can take two to three weeks. During the time that resupply from distant markets is occurring, the supply of heating oil that sellers in the region have in storage drops further, buyers’ anxiety about finding heating oil in the short term rises, and so do prices — sometimes sharply — until new supply arrives.

In addition, during very cold periods, prices of other heating fuels (such as natural gas or kerosene) may increase even more than heating oil prices. In this case, some consumers may switch from using their normal heating fuel to using heating oil, further increasing the demand for heating oil.

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Posted in Fixed Price Energy Services | 5 Comments

Factors Affecting Natural Gas Prices

It is important to know the facts around Higher and Lower Natural Gas Prices.

Natural Gas prices are a function of market supply and demand. Due to limited alternatives for natural gas consumption or production in the short run, changes in supply or demand over a short period often result in large price movements to bring supply and demand back into balance.

Factors on the supply side that may affect prices include variations in natural gas production, net imports, or storage levels. Increases in supply tend to pull prices down, while decreases in supply tend to push prices up.

Factors on the demand side include economic growth, winter and summer weather, and oil prices. Higher demand tends to lead to higher prices, while lower demand can lead to lower prices.

  1. Domestic Supply and Prices Can be Cyclical
  2. Severe Weather Can Disrupt Production
  3. Pipeline Imports from Canada Are the Second Largest Source of Supply
  4. Liquefied Natural Gas (LNG) Imports May Increase
  5. Strong Economic Growth Can Drive Up Natural Gas Demand and Prices
  6. Winter Weather Strongly Influences Residential and Commercial Demand
  7. Hot Summer Weather Can Increase Power Plant Demand for Gas
  8. Natural Gas Supplies Held in Storage Play a Key Role in Meeting Peak Demand
  9. Oil Prices Can Influence Natural Gas Prices

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Posted in Fixed Price Energy Services | 6 Comments

Chief Energy exhibits at the 2011 Cooperator’s Co-op and Condo Expo

What a fantastic event on April 12th, 2011 for share holders, building service companies, property mangers and board members to meet and greet with Chief Energy on # 2,4,6 Heating oil, Natural Gas and Electricity Supply.

Trusted by thousands, the Co-op & Condo Expo is the leading real estate trade show in New York.

Chief Energy was face to face discussing there history since 1977 and how Supplying NYC with the services of a Full Energy Energy company will benefit there properties.

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Posted in Electricity, Fixed Price Energy Services, Fuel Oil, Natural Gas | 1 Comment