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…
View detailsThe EIA reports that battery storage is set to more than double this year!
View detailsNATURAL 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…
View detailsFederal energy regulators allow New England’s grid operator to delay a forward capacity auction scheduled for February 2025 by a year to update its accreditation methodology to reflect changing generation resources. The story >>
View detailsExciting news for Ohio’s clean energy development! A $10 million federal grant will support economic development efforts in Ohio and neighboring states to help lure small- and medium-sized manufacturers specializing in the clean energy supply chain.
View detailsNATURAL 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…
View detailsNATURAL GAS: EIA Storage Report The last two storage reports have been either right on target or slightly above projections, and that has moved the pricing up just a bit, though it is still well below $3.00. It also looks like the weather will be closer to normal over the next 6-14 days, which will…
View detailsAn anonymously funded group is spreading misinformation about a proposed 120 MW Ohio solar project, including at a recent event featuring speakers with ties to fossil fuel and climate denial groups.
View details