ESCO BlueRock Energy Publishes Electric Price Index for Central New York

BlueRock Energy, Inc. has launched the "BlueRock Energy Electric Price Index" (EPI), which displays the daily wholesale price of electricity delivered to utilities in Central New York.

The EPI is available at the bottom left of BlueRock's homepage, bluerockenergy.com (click here)

"Publishing the EPI marks the first time a market-based daily index has been provided to the retail electricity markets in the State of New York," the company said.

The EPI allows energy customers in New York to easily calculate the difference between the wholesale electricity price in Central New York and the retail electricity price -- what they actually pay for on their energy bills, BlueRock said.

"We believe that New York energy customers should be informed and educated regarding the cost components of electricity that they are consuming and paying for," said Phil VanHorne, CEO of BlueRock Energy.

The EPI represents the price per kilowatt hour of electricity usage aggregated over a 30-day period. The EPI incorporates the wholesale electricity costs associated with generation and transmission of electricity to a utility in Central New York for consumption by a typical small commercial or industrial customer.

The underlying formula for the EPI includes published energy and supply cost data from the New York Independent System Operator. The underlying formula for the EPI includes the following: Energy (NYISO Day Ahead Locational Based Marginal Prices), Transmission Line Losses, Ancillary charges, and Capacity charges associated with Small Commercial & Industrial Customers

The EPI is not intended to be an offer to sell or purchase electricity by BlueRock Energy, but serves as a reference Index Price for the wholesale price of electricity delivered to a Central New York State price hub. Similar to other market indices, it is not a forecast of future prices, but rather a measure of the actual market daily price.

As BlueRock Energy expands its service provision to other energy markets in the Northeast and New England (see prior story for details), energy customers can expect to see similar price indexes specific to each local region, the company said.