EIA: WEEKLY NATURAL GAS STORAGE Why This Weekly Natural Gas Chart Is Import: Understanding the Natural Gas Storage ReportThe Natural Gas Storage Indicator measures working gas, the volume of gas in a reservoir above a specified base level, and the amount of gas available for sale to the marketplace. The EIA report shows gas inventories…
WEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK An active pattern continues this week as weather systems track across the US with showers, thunderstorms, and comfortable highs of 60s to 80s for light demand besides the Southwest, Texas, the South, and Florida, where a hot ridge will result in highs of 90s to locally 100s for…
U.S. electricity generation from natural gas reached a record high last winter and accounted for 38% of the country’s electricity generation mix. Read More >>
BYE-BYE COAL • ENERGY NEWS UPDATE • EIA NEWS • CAPACITY NEWS According to the plant’s owner, after 54 years of providing power to Pennsylvania and New York, the Homer City Generating Station in Pennsylvania will close by July 2023. The 1,888-megawatt coal plant began generating electricity in 1969 when Units 1 and 2 entered service.…
US WEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK For the next 6-10 days, we will see warmer weather than average in the North and cooler than typical weather than average in the South. This could temporarily lower demand as cooler temperatures in the South will lead to less AC usage, and warmer temperatures in the…
Data source: U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023) The EIA’s Annual Energy Outlook 2023 projects that U.S. coal-fired generating capacity will drop below half of 2022 levels by 2050. In a scenario assuming higher zero-carbon technology costs than in our base case, called the Reference case, we project coal-fired capacity will drop 52% to 97…
WEATHER: COOLER TEMPERATURES MOVING THROUGH A cold front is moving through the US, bringing cooler temperatures and higher demand, which could explain our high electricity rates. However, it is not expected to be a strong cold front and could give way to warm tropical air pushing up through Florida and Texas. HIGH PRODUCTION AND MILD…
NATURAL GAS CONTINUES TO BE PRICED BELOW FUTURE YEARS What Is Henry Hub?Henry Hub is a natural gas pipeline located in Erath, Louisiana that serves as the official delivery location for futures contracts on the New York Mercantile Exchange (NYMEX). NATURAL GAS STORAGE REPORT The Freeport facility has final approval to process liquid natural gas…
