As we transition from winter to spring, the energy market is experiencing significant shifts. Here’s what you need to know: Weather and Demand The warmer temperatures forecast has impacted pricing as we move from February to March. February settled at $3.53, while March opened nearly 50 cents lower at $3.072. We’re expecting one more cold…
Governor Shapiro and PJM Interconnection have reached an agreement to control electricity prices in the PJM capacity market. The deal implements price controls with a cap of $325 and floor of $175 per megawatt-day for the 2026/2027 and 2027/2028 capacity auctions. This measure is expected to save consumers over $21 billion over two years. The…
WEATHER: 6-10 & 8-14 DAY TEMPERATURES Weather and Demand Warmer temperatures are expected to sweep across the Eastern half of the United States this week, potentially easing the high energy demand we’ve been experiencing. The most recent Natural Gas storage report revealed a drop in production below 100 Bcf, likely due to wellhead freeze-offs that temporarily…
FOR IMMEDIATE RELEASE CLEVELAND, OH – January 2, 2025 – ScaleCo Capital (“ScaleCo”) is pleased to announce the appointment of Vin Zachariah as the Chief Executive Officer of TPI Efficiency LLC (“TPI” or “the Company”). In this role, Vin will oversee the strategic and operational direction of the organization. TPI is an energy management advisor providing solutions and support for…
Weather and Demand A chilly forecast is sweeping across the United States, promising another significant withdrawal from natural gas reserves in the coming days. Despite the extreme cold, production experienced a slight dip of a few Bcf/d last week, likely due to well freeze-offs in North Dakota and the Permian Basin. 6-10 & 8-14 Day…
January Market Snapshot: Cold Snap Drives Prices Up The energy market is experiencing significant shifts as we enter the new year due to extended cold temperatures and supply concerns. Here’s what you need to know: Weather and Demand The cold temperatures we’ve been experiencing are forecast to extend into February, potentially leading to a more…
Weather and Demand 6-10 & 8-14 DAY TEMPERATURES NATURAL GAS STORAGE REPORT Supply and Pricing Strategy UPCOMING LNG FACILITIES LNG Demand and Exports LNG exports have become crucial in natural gas pricing due to their impact on domestic storage. Recent developments include: NYMEX 12-MONTH STRIP ALL ABOUT THE NYMEX TWELVE-MONTH STRIP • The NYMEX Twelve Month…
Energy Market Newsletter: December 23, 2024 Weather Demand and Natural Gas Pricing As we approach the end of the year, the energy market is experiencing significant shifts. While the recent cold spell is easing, forecasts for a colder-than-expected early January have pushed gas prices up to $4.00. This marks the second cold winter shot, and…