Weather Outlook 6-10 Day and 8-14 Day ForecastA much warmer than normal system is moving across the east, which should help reduce demand slightly. However, northern states and some Great Lakes states are still experiencing heating demand despite the warmer front. This mixed weather pattern suggests variable natural gas consumption in the coming weeks. Storage…
As we transition between seasons, energy professionals and savvy consumers are closely monitoring what’s known as the “shoulder months” in the energy market. These periods, typically occurring in spring (March/April) and fall (September/October), can significantly impact energy prices and consumption patterns. Let’s dive into what shoulder months mean for the energy market and how you…
TPI Efficiency Market Insights Natural Gas & Oil Supply Update Natural gas production has dipped below 100 Bcf daily as prices hover around $2.00. Meanwhile, oil prices are just above $77 per barrel, potentially leading to production cutbacks unless prices climb above $80/bbl. This reduction in oil production could impact secondary natural gas capture. LNG…
NATURAL GAS: LNG DEMAND WITHIN THE ENERGY MARKET EIA: NATURAL GAS STORAGE WEEKLY REPORT •Our power demand for gas has not only been higher than last year, it has been higher than the five-year range.•LNG exports continue at around 13 Bcf/d•LNG Project approval was temporarily suspended in January 2024, but the hold was lifted. This means the projects are…
Understanding your energy bill is crucial for managing costs and improving efficiency as a business owner or facility manager. Decoding Your Energy Bill Energy Consumption (kWh) Your bill will show the total kilowatt-hours (kWh) consumed during the billing period. This represents the actual amount of electricity your facility uses. To better manage this: Demand Charges…
2025/2026 Capacity Auction Results Impact on Electricity Costs: The capacity charge portion of your electricity rate will see a sharp increase in June of 2025 through May of 2026 due to a record high capacity auction this past July. This change will affect all future and existing contracts. Contract implications: Suppliers do not normally pass…
2025/2026 CAPACITY AUCTION RESULTS The recent PJM capacity auction resulted in a significant price surge to $269.92 per megawatt-day, nearly tenfold last year’s increase. This affects 135,684 MW of capacity for June 2025-May 2026, with a diverse mix of gas, nuclear, coal, and renewables. Higher demand and market reforms are driving these costs. Businesses across…
Natural Gas Market Update: Record-Breaking Production, but for How Long? Natural gas production in the U.S. has reached unprecedented levels, consistently surpassing 100 Bcf/d. Last week’s report showed output at an impressive 101.5 Bcf/d. However, this abundance may not last. Industry experts anticipate potential production cuts by suppliers in the near future, aimed at reducing…