PJM Grid: Peak Demand Warning Extended All Week

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…

Energy Market Snapshot for May 13, 2024

NATURAL GAS STORAGE NATURAL GAS PRODUCTION Natural Gas production remains weaker than in the past few months, with output below 100 Bcf/d. The number of working dry gas rigs has dropped to the lowest since January 2022 (102 rigs). As producers continue to shut down operations, the amount we inject will also drop, and the…