]October 14, 2024 Industry News Capacity Auction UpdatePJM announced it will support a six-month delay of the 2026/2027 capacity auction, initially scheduled for December 2024. Weather Outlook 6-10 Day and 8-14 Day ForecastA warmer front is moving across the country, but average temperatures are dipping, reducing demand for now. Expect natural gas demand to drop…
Natural Gas Market Update: Supply and Pricing Dynamics After surpassing $3.00 on Friday, natural gas prices experienced a sell-off as investors took profits, resulting in a $0.20 drop over the weekend. Meanwhile, Brent crude oil has climbed to $77.00 due to fears of an expanding Middle East conflict potentially involving Iran, leading producers to shelve…
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…
EIA: NAtural Gas Supply Update Natural gas supply experienced a slight dip this week, falling to 101.4 Bcf/d. Despite this minor setback, the market has shown resilience in recent weeks. The cooler temperatures in the latter half of August contributed to stronger injections, with five out of the last seven injections approaching the five-year average.…
Natural Gas Market Update: Cooler Temps Bring Storage Boost Supply Holds Steady as Injections Pick Up Natural gas supply remained stable at around 102.0 Bcf/d this past week. The cooler second half of August has recently led to stronger storage injections, with five of the last six injections approaching the five-year average. Last week’s EIA…
Tuesday and Wednesday are likely Guaranteed To Be Peak Demand Days! Warning: Peak Demand Alerts Issued Across Grid ⚠️ Grid Situation Update: High Electricity Demand Projected PJM grid operators have issued a peak demand warning for Tuesday and Wednesday afternoons between 4 p.m. and 6 p.m. As of Monday morning, Tuesday and Wednesday will likely be Peak Demand Days! As…
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…