Energy Market Insights: August 12-18, 2024
Weather Outlook Natural Gas Market Update 2025/2026 Capacity Auction Results Why Consider Buying Now? Stay informed and consider strategic energy decisions in light of these developments.
Energy Market Snapshot: Aug. 5, 2024: Capacity Auction News
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…
Energy Market Snapshot: Why Now Is the Time to Secure Your Energy Contracts
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…
Energy Market Snapshot: July 8, 2024 – Natural Gas News
THE ENERGY MARKET – BIG REASONS TO BUY NOW: NATURAL GAS SUPPLY LNG DEMAND WEATHER DEMAND 6-10 DAY AND 8-14 DAY OUTLOOK The natural gas demand for this week is expected to be HIGH due to intense high pressure and hot temperatures across much of the southern and eastern United States. Specifically: The widespread hot…
Energy Market Snapshot: July 1, 2024
URGENT REASONS TO BUY NOW: LOWER SUPPLY LNG DEMAND WEATHER DEMAND 2023 set a new record for summer heat, and 2024 is expected to be up there. We already had heat demand warning days in mid-June, which technically is not even summer. All ten of the top ten hottest summers in recorded history have been in this…
Energy Market Snapshot: June 24, 2024
NYMEX NATURAL GAS CALENDAR STRIPS ALL ABOUT THE NYMEX TWELVE-MONTH STRIP 6-10 DAY AND 8-14 DAY OUTLOOK The forecast for late June/early July turned slightly cooler, resulting in a slight price drop for natural gas and electricity. After reaching $3.15 two weeks ago, July Natural Gas has sunk to $2.68. However, we will be switching to…
PJM Grid: Peak Demand Warning Extended All Week
Expected Peak Demand Warning ⚠️ All WeekSituation Overview: As the hot weather continues, the PJM grid forecasts high daily electricity demand. The hot weather conditions are expected to drive demand levels, posing a threat to grid reliability. Understanding Peak Demand Days Coincident Peak DaysA coincident peak day is one of the five highest-demand days during the…
Energy Market Snapshot: June 17, 2024
6-10 DAY AND 8-14 DAY OUTLOOK The forecasted extreme heat across the U.S. will mean a much higher demand and, consequentially, a lower injection. This will further erode our gas surplus for months, possibly bringing the NYMEX price back above $3.00 for the prompt month. NATURAL GAS STORAGE Last week’s injection of +74 was well below last…