EIA: Electricity From Natural Gas Sets Record High
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 >>
Market Snapshot: Monday, June 5, 2023
Weather: 6-10 DAY AND 8-14 DAY OUTLOOK An active pattern continues this week as weather systems track across the U.S. with comfortable highs of the 60s to 80s for weak, creating a low demand for natural gas and little need for air conditioning across the Midwest and East Coast. Energy Rates: Attention FirstEnergy Customers Residential…
Market Snapshot: Monday, May 30, 2023
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…
Market Snapshot: Monday, May 22, 2023
Energy News • Weather • Natural Gas • Electricity • Energy Market Headlines Weather: 6-10 DAY AND 8-14 DAY OUTLOOK This summer’s weather could start mild but is expected to warm up as an El Nino arrives in June. This will alter the current pattern of cooler temperatures in the Pacific Northwest from La Nina…
Market Snapshot: April 24, 2023
Below is this week’s Market Snapshot / TPI Takeaway: NATURAL GAS: HIGH PRODUCTION AND MILD WEATHER LEAD TO LOWER PRICES IN THE FUTURE. EIA WEEKLY NATURAL GAS STORAGE REPORT CHART: THE DIFFERENCE THE FREEPORT OUTAGE HAS MEANT TO STORAGE Weather: 6-10 DAY AND 8-14 DAY OUTLOOK Electricity News PJM BGE HUB FORWARD POWER PRICING PJM…
Market Snapshot: April 17, 2023
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…
Market Snapshot: Monday, April 10, 2023
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…
EIA: Europe was the Leading Destination for U.S. LNG Exports in 2022
Data source: U.S. Energy Information Administration, Natural Gas Monthly U.S. exports of liquefied natural gas (LNG) averaged 10.6 billion cubic feet per day (Bcf/d) in 2022, increasing by 9% (0.8 Bcf/d) compared with 2021, according to our Natural Gas Monthly. The increase in U.S. LNG exports was driven by strong LNG demand in Europe, high international…