El Niño is a climate phenomenon that occurs irregularly in the tropical Pacific Ocean, characterized by the warming of sea surface temperatures, which can significantly impact weather patterns worldwide. During normal conditions, the trade winds blow from east to west across the tropical Pacific, pushing warm surface waters towards the western Pacific near Indonesia. This…
SUMMER WEATHER OUTLOOK: SAY HELLO TO EL NINO 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 and replace them with hotter temperatures. As a result, this will likely…
Natural Gas • Energy News • Electricity • Weather • EIA Storage Report EIA NATURAL GAS STORAGE REPORT ELECTRICITY HEADLINES US WEATHER OUTLOOK
WEATHER DEGREE DAYS This summer’s weather outlook appears to be a bit milder than in the recent past. Four of the five most Weather Degree Day summers have been in the last five years with near record demand. This year may see milder temperatures and wetter weather, and an El Nino will end in late…
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 IS STILL LOW, BUT WARNING SIGNS ARE ON THE HORIZON SUPPLY IS UP, BUT SO IS DEMAND. FirstEnergy Auction Results Almost Double FirstEnergy announced the results of its final three auctions last week. The final auction had five winning bidders and settled at $83.75. Along with the October 2022 auction at 122.20 and…
Weather: FORECAST CALLS FOR BELOW NORMAL TEMPS, BUT THE NORMAL TEMP IS WARMER Several cold weather systems will sweep the US early this week, bringing a strong demand for natural gas. Temperatures will warm later in the week, easing demand, but colder-than-normal weather systems will return over most of the US for the weekend. HAVE…
WEATHER: NEAR NORMAL TEMPERATURES THROUGH MID-MARCH HAVE WE HIT THE BOTTOM OF THE NATURAL GAS MARKET? NATURAL GAS MARKET PRICES CREEP HIGHER DESPITE GOOD STORAGE NUMBERS. EIA: NATURAL GAS STORAGE REPORT Electricity: PJM BGE HUB FORWARD POWER PRICING Electricity: PJM AD HUB PRICING 2023 Electricity, which usually runs parallel to Natural Gas in market movement,…
