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Energy Market Snapshot: Week of Jan 22, 2024

6-10 DAY AND 8-14 DAY OUTLOOK A warmer weather pattern will gain ground over the US next week with highs of 30s to 50s over the northern US and 50s to lower 80s over the southern US. There will also be heavy rain over Texas & the South next week w/local flooding. Natural gas demand…

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Ohio Court Oks Former PUCO Head Assets To Be Frozen

The Ohio Supreme Court has ruled that the assets of the former head of the state’s Public Utilities Commission can be frozen in connection to a corruption scandal where he accepted a $4.3 million bribe from FirstEnergy. This decision comes after a long-standing investigation into the energy company’s alleged involvement in the scandal.

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National Deep Freeze! Energy Market Headlines

WEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK The current wave of freezing temperatures has sent the market northward over $3.00. Freezing temperatures have increased demand and likely caused well-head freeze-offs that have hurt production. The good news is that another warmer front will follow the cold front with warmer temperatures across the country in the…

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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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