Exciting news for business leaders! TPI Efficiency has just released an insightful webinar recap on the recent PJM capacity auction results and their far-reaching implications. 🔍 “Energy Grid: Capacity Auction Results” – A must-watch for anyone concerned about future energy costs! Key highlights from the video: At TPI Efficiency, we’re committed to helping businesses navigate…
Market Overview As we approach the withdrawal season, the energy market is experiencing significant shifts that could impact prices and supply in the coming months. This week’s newsletter focuses on key factors affecting the natural gas and electricity markets, including supply trends, LNG demand, weather patterns, and future price projections. Natural Gas Supply and Storage…
Ohio 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.
Natural Gas Market Update: Cooler Temps Bring Storage Boost Supply Holds Steady as Injections Pick Up Natural gas supply remained stable at around 102.0 Bcf/d this past week. The cooler second half of August has recently led to stronger storage injections, with five of the last six injections approaching the five-year average. Last week’s EIA…
2025/2026 Capacity Auction Results Impact on Electricity Costs: The capacity charge portion of your electricity rate will see a sharp increase in June of 2025 through May of 2026 due to a record high capacity auction this past July. This change will affect all future and existing contracts. Contract implications: Suppliers do not normally pass…
Weather Outlook Natural Gas Market Update 2025/2026 Capacity Auction Results Why Consider Buying Now? Stay informed and consider strategic energy decisions in light of these developments.
2025/2026 CAPACITY AUCTION RESULTS The recent PJM capacity auction resulted in a significant price surge to $269.92 per megawatt-day, nearly tenfold last year’s increase. This affects 135,684 MW of capacity for June 2025-May 2026, with a diverse mix of gas, nuclear, coal, and renewables. Higher demand and market reforms are driving these costs. Businesses across…
The latest PJM capacity auction has dramatically increased prices, reflecting a tightening supply and demand balance across the region. The auction, which secures power supply resources from June 1, 2025, through May 31, 2026, saw capacity prices rise nearly tenfold compared to previous years. Key Highlights:
The PJM grid forecasts high daily electricity demand as the hot weather lingers. The hot weather conditions are expected to drive energy demand levels, threatening grid reliability. PJM Forecasted Demand: Monday, June 24, 2024Expected Peak Timeframe: 5:00 pm – 6:00 pm ESTPotential Peak Demand: 132,034 MW Tuesday, June 25, 2024Expected Peak Timeframe: 5:00 pm – 6:00 pm ESTPotential Peak Demand: 142,450 MW…
