]October 14, 2024 Industry News Capacity Auction UpdatePJM announced it will support a six-month delay of the 2026/2027 capacity auction, initially scheduled for December 2024. Weather Outlook 6-10 Day and 8-14 Day ForecastA warmer front is moving across the country, but average temperatures are dipping, reducing demand for now. Expect natural gas demand to drop…
View detailsNatural Gas Market Update: Supply and Pricing Dynamics After surpassing $3.00 on Friday, natural gas prices experienced a sell-off as investors took profits, resulting in a $0.20 drop over the weekend. Meanwhile, Brent crude oil has climbed to $77.00 due to fears of an expanding Middle East conflict potentially involving Iran, leading producers to shelve…
View detailsTPI Efficiency Market Insights Natural Gas & Oil Supply Update Natural gas production has dipped below 100 Bcf daily as prices hover around $2.00. Meanwhile, oil prices are just above $77 per barrel, potentially leading to production cutbacks unless prices climb above $80/bbl. This reduction in oil production could impact secondary natural gas capture. LNG…
View detailsNATURAL GAS: LNG DEMAND WITHIN THE ENERGY MARKET EIA: NATURAL GAS STORAGE WEEKLY REPORT •Our power demand for gas has not only been higher than last year, it has been higher than the five-year range.•LNG exports continue at around 13 Bcf/d•LNG Project approval was temporarily suspended in January 2024, but the hold was lifted. This means the projects are…
View detailsUnderstanding your energy bill is crucial for managing costs and improving efficiency as a business owner or facility manager. Decoding Your Energy Bill Energy Consumption (kWh) Your bill will show the total kilowatt-hours (kWh) consumed during the billing period. This represents the actual amount of electricity your facility uses. To better manage this: Demand Charges…
View detailsEIA: NAtural Gas Supply Update Natural gas supply experienced a slight dip this week, falling to 101.4 Bcf/d. Despite this minor setback, the market has shown resilience in recent weeks. The cooler temperatures in the latter half of August contributed to stronger injections, with five out of the last seven injections approaching the five-year average.…
View detailsOhio FirstEnergy customers can expect higher electric bills next year as the utility seeks higher charges, but multiple cases tied to the utility’s corruption scandal remain unresolved.
View detailsJM’s recent capacity auction has sent shockwaves through the energy industry. Capacity costs are set to skyrocket from $2.2 billion to $14.7 billion for the 2025/26 delivery year. Power plant retirements, increased load, and new market rules drive this unprecedented 568% increase. Key takeaways: Wondering what it means to your business? Reach out to our…
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