Utility markets are seeing substantial changes in load characteristics and energy prices as the COVID-19 pandemic continues. The Energy Authority (TEA) is helping community-owned utilities develop risk management strategies that will offset the current volatility in wholesale energy markets.
Market Research & Hedging Strategies for Public Power
A marketing partner of Hometown Connections, Inc., TEA is a recognized leader in providing energy trading and risk management services. Owned by and serving public power exclusively, TEA performs detailed market research—running Stochastic Risk Models and developing various hedging strategies to help mitigate the various revenue risks utilities may face. These revenue risks directly impact utility budgets and the costs passed on to customers.
In addition to working with utilities that are requesting risk management support during the COVID-19 crisis, TEA is providing web-based “TEA Town Hall” seminars and has partnered with the American Public Power Association Academy to explain to utility officials on how COVID-19 is impacting load, generation, and wholesale markets.
Market Price Volatility to Continue
In addition to addressing the short-term effects of COVID-19, TEA is helping utilities prepare for what the future may bring. TEA anticipates substantial market price volatility as this crisis winds down. All aspects of supply and demand are being affected, and TEA is helping utilities prepare for what may come.
Let TEA be Your Trusted Advisor
An independent strategic perspective is invaluable to decision-makers working to successfully navigate a future filled with uncertainties. TEA leverages over two decades of experience in U.S. energy markets, to add value to your decision-making process by offering independent perspective, strategic advice, and rigorous supporting analysis.
TEA’s Advisory Services serve organizations of all sizes and can be customized to fit your utility’s specific needs.
For More Information
For information on how TEA can help your utility understand and address the energy management risks posed by COVID-19, contact:
Client Services Manager
The Energy Authority
TEA is a public power-owned, nonprofit corporation with offices in Jacksonville, Florida and Bellevue (Seattle), Washington. As a national portfolio management company, we evaluate challenges, manage risks and execute solutions to help our clients maximize the value of their assets and meet their goals in a cost effective manner. Visit http://www3.teainc.org/.