IRA: Results in First Year
More than 100 new clean energy, battery, and electric vehicle manufacturing facilities and expansions have been announced since the Inflation Reduction Act’s passage a year ago.
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Market Snapshot: Energy News For the Week of August 14, 2023
This week’s Market Snapshot looks at the increase in temperatures across the US – and thus, electricity demand, in the next two weeks. Plus, the natural gas market has started to climb up. Don’t wait to act on your next natural gas contract! WEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK With extreme heat moving eastward,…
View detailsEnergy Market Snapshot: Monday, August 7, 2023
Natural Gas: EIA WEEKLY NATURAL GAS STORAGE REPORT Keep an eye on the gas storage report. While we still have a surplus of natural gas compared to the five-year average, especially last year, the recent injections have been smaller than in the past, and the surplus is shrinking. This is a sign that demand continues…
View detailsAnother Signal that the Energy Market Is Rapidly Changing
Clean energy cases “continue to dominate” regulatory agendas nationwide With the proliferation of state-level clean energy initiatives and passage of the Inflation Reduction Act, renewable-energy-related proceedings continue to dominate the regulatory agendas of utility commissions in the US. Across the 54 jurisdictions followed by Regulatory Research Associates, 23 regulatory bodies have at least one case…
View detailsEIA: Natural gas deliveries to U.S. LNG export facilities set a record in first-half 2023
Natural gas deliveries by pipeline to U.S. liquefied natural gas (LNG) export facilities are called LNG feed gas. LNG feed gas averaged 12.8 billion cubic feet per day (Bcf/d) in the first six months of 2023, following the Freeport LNG terminal’s return to service, according to S&P Global Commodity Insights data. Over this period, LNG…
View detailsMonday’s Market Snapshot – July 31, 2023
US Weather: 6-10 DAY AND 8-14 DAY OUTLOOK Energy Demand: ABOUT LAST WEEK’S PEAK DEMAND ALERTS EIA: WEEKLY GAS STORAGE The Natural Gas Market took a bit of a dip on Wednesday, falling from its weeklong high of $2.755 and down more than ten cents to $2.642. This dip was prompted by weather forecasts calling…
View detailsPJM: Hottest Day of Summer = Peak Demand Alert Across Grid
Across Much of PJM Network, the hottest temps of Summer are forecasted today, prompting Peak Demand Alert. Based on current PJM load and weather forecasts, an annual peak day between 3 PM and 6 PM EDT will occur this afternoon, when demand is forecasted to reach 154,258 MW. This number is among the highest predicted…
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