Market Snapshot Weather Forecast MIDDLE AMERICA GETS SOME RELIEF While this summer had brought record heat to many parts of the U.S., this may be the new normal. Temperatures have increased by 1.7 degrees Celsius (almost three degrees Fahrenheit) since 1970. The atmosphere can store about 7 percent more water for every degree Celsius. This…
Today has been identified as a potential PJM Peak Demand Day. Given the forecasted PJM load and the current conditions, there is the potential for peak hours between 4:00 PM and 7:00 PM, with the highest probability between 5:00 PM-6:00 PM. Additionally, tomorrow, Thursday, August 4, has the potential for a peak demand day, with…
As Philadelphia’s summers get hotter, some neighborhoods suffer from the heat island effect and the inability to upgrade or install air conditioning.
THE NATION IS STILL IN THE GRIPS OF A HEAT WAVE 2022 has seemed like one heat wave after another, but so far, it only ranks as the sixth hottest year on record, with 2021 being the hottest year. If the heat waves continue, we could see 2022 become the hottest summer on record. FYI,…
THE NATION IS STILL IN THE GRIPS OF A HEAT WAVE HEAT CONTINUES TO PUSH THE MARKET UPWARDS 2022 has seemed like one heat wave after another, but so far, it only ranks as the sixth hottest year on record, with 2021 being the hottest year. If the heat waves continue, we could see 2022…
Natural Gas VOLATILITY IS STILL THE KEYWORD MARKET JUMPS 83 CENTS ON SMALL STORAGE REPORT The market jumped 83 cents on Thursday on news of a smaller-than-expected storage report that continued worries about our storage situation going into Winter ’22. The closing of the Freeport LNG facility has spooked investors as we are more than…
This morning, energy suppliers are predicting an 80% chance of tomorrow, July 12, 2022, being a peak demand day, with the forecast of 135,366 MW. For reference purposes, the lowest historical PJM Peak demand was 138,197 MWs (2011-2021), so tomorrow’s forecasted peak demand (135,366 MWs) is lower than all historical peak demands over the past…
HEAT PERSISTS THROUGH TEXAS AND THE PLAINS STATES Natural Gas: THE MARKET HAS DROPPED ALMOST $4.00 IN THE LAST MONTH FREEPORT AND EASING WEATHER EXTREMES From a high of $9.54 on June 8th, when the Freeport facility suffered the explosion, the market has dropped $3.75 in the last month, and electricity pricing is finally catching…