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PJM Long-Term Forecast Released

PJM has released its new long-term load forecast, and it predicts estimated electricity demand growth of 1.7% per year for summer peaks, 2% for winter peaks, and 2.4% for net energy over a 10-year planning horizon starting in 2024. The 2024 summer forecast peak demand, or load, is 151,254 MW, according to the 2024 PJM…

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Market Snapshot: Monday, Jan. 8, 2024

NATURAL GAS HEADLINES: STORAGE The market continued to rise with the onset of cold January weather. With below-average temps ready to cover most of the nation, demand for heat is expected to go up, and natural gas drilling in areas like South Dakota could see wellhead freeze-offs, affecting production. The market for prompt month Natural…

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Energy Market Snapshot: January 3, 2023

NATURAL GAS MARKET PRODUCTION Natural gas production remains strong, consistently broaching or approaching 105 Bcf daily. These are record production numbers. Due to the record oil production, we are also seeing added secondary natural gas production, a byproduct of oil drilling. FUTURE LNG EXPORT FACILITIES We will need that extra natural gas in the future…

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