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…
Expected Peak Demand Warning ⚠️ All WeekSituation Overview: As the hot weather continues, the PJM grid forecasts high daily electricity demand. The hot weather conditions are expected to drive demand levels, posing a threat to grid reliability. Understanding Peak Demand Days Coincident Peak DaysA coincident peak day is one of the five highest-demand days during the…
6-10 DAY AND 8-14 DAY OUTLOOK The forecasted extreme heat across the U.S. will mean a much higher demand and, consequentially, a lower injection. This will further erode our gas surplus for months, possibly bringing the NYMEX price back above $3.00 for the prompt month. NATURAL GAS STORAGE Last week’s injection of +74 was well below last…
⚠️ Monday, Tuesday & Wednesday = Potential Peak Demand Days! Next week, from Monday to Wednesday, the PJM grid forecasts high electricity demand. The hot weather conditions are expected to drive demand levels, posing a threat to grid reliability. Recommended Action To mitigate the risk of grid instability and potential outages, TPI recommends curtailing your…
WEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK Forecasts for scorching weather in late June and a severe Heat Dome covering the Southwest sent prices sharply upward last week. Pricing for July Natural Gas went from $2.53 on Tuesday the 6th to $2.97 on Sunday. EIA: NATURAL GAS STORAGE Last week’s storage report was still just above…
🌍 Happy Earth Day! 🌱 At TPI, we’re committed to partnering with you on your journey towards sustainability! From energy-efficient LEDs 💡 to harnessing the power of solar panels ☀️, we offer solutions in renewable energy 🍃, EV charging 🚗, and managing Scope 1 & 2 emissions. Let’s work together to impact our planet positively!…
🌐 MISO seeks regulatory approval for innovative grid reliability measurement approach! 🔄 More about MISO’s proposal and its potential impact on grid resilience during peak demand periods!