The price of natural gas is closely correlated to the cost of electricity due to the significant role that natural gas plays in power generation. Natural gas is a widely used fuel source for electricity generation in many countries worldwide. How the price of natural gas affects the price of electricity: It’s important to note…
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 >>
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…
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…
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…
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…
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…
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…