As we celebrate Earth Day and renew our commitment to a cleaner, more sustainable planet, TPI Efficiency is proud to partner with organizations on their journey to achieve clean energy and sustainability goals. Our comprehensive, vendor-neutral solutions are designed to help clients reduce their environmental impact, optimize energy use, and future-proof operations—all while driving cost…
Read moreTPI Efficiency Energy Desk Newsletter > Natural Gas and Energy MarketvNews NATURAL GAS SUPPLY AD HUB FORWARD POWER PRICING NATURAL GAS DEMAND NYMEX 12-MONTH STRIP ALL ABOUT THE NYMEX TWELVE-MONTH STRIP • The NYMEX Twelve Month Strip is the average of the upcoming 12 months of closing Henry Hub natural gas futures prices as reported…
Read moreAs Ohio faces one of the largest electricity supply rate hikes in recent history, TPI Efficiency’s energy team empowered our biggest and best customers to sidestep these unprecedented cost surges through proactive, customized strategies. Strategic Energy Procurement and Risk Management TPI’s Energy Desk combined demand response participation, strategic load management, and competitive procurement to shield…
Read moreStarting in June 2025, electricity costs across the PJM Interconnection region—including Ohio—are set to rise significantly due to an 800% increase in capacity prices from the recent PJM auction. This surge will impact businesses and households alike, with commercial customers potentially facing up to a 29% increase in energy costs. The question is: are you ready to tackle…
Read moreBusinesses planning energy efficiency projects using LED lighting should act quickly to avoid significant cost increases. The U.S. government has announced new tariffs on LED lighting components and related materials, which will take effect on May 1, 2025. These tariffs are expected to increase the cost of LED components by 20-30%, directly impacting project budgets and timelines.…
Read moreNatural Gas: Market Insights EIA: Natural Gas Storage Report Natural Gas: Demand Trends Natural Gas Production Report Weather Outlook Energy Market Today: What Should You Do? Navigating these market changes requires a strategic approach: For Smaller Accounts: For Managed Index Products: This recent market dip may present an excellent chance to lock in energy blocks…
Read moreRecap: 🏛️ Major Energy Legislation Advances in Ohio The Ohio Senate and House have taken significant steps to address the state’s growing energy needs. On March 19, 2025, the Senate unanimously passed Senate Bill 2 (SB 2), followed by the House passing House Bill 15 (HB 15) on March 26. Both bills aim to modernize…
Read moreNatural Gas Supply Highlights NATURAL GAS PRICING REMAINS NEAR $4.00 EIA: Natural Gas Storage Report Demand Insights Weekly Weather Outlook West & North: Expect rain and snow as weather systems move through the western and northern U.S., with temperatures ranging from the 30s to 60s. NATURAL GAS PRODUCTION REPORT Actionable Recommendations If you’re navigating energy procurement…
Read moreShoulder Season Pricing in the Energy Market The term “shoulder season” in the energy market refers to periods of relatively low energy demand, typically occurring during the spring (March to May) and fall (September to November). These periods are between the high-demand seasons of summer and winter, when energy usage peaks due to cooling and…
Read moreAs we begin the new year, the energy market faces significant challenges, particularly in supply. Natural Gas Supply Overview EIA: Natural Gas Storage Report Demand Analysis US Weather Outlook: Natural Gas Production Report NYMEX 12-Month Strip ALL ABOUT THE NYMEX TWELVE-MONTH STRIP • The NYMEX Twelve Month Strip is the average of the upcoming 12…
Read moreEnergy Market Update As we approach the end of injection season, significant changes are underway in the energy market. Below, we highlight key developments in supply and demand and offer actionable advice for managing your energy costs. Weather Outlook and Natural Gas Demand (March 17-23) Natural Gas Supply Natural Gas Demand NYMEX 12-Month Strip ALL…
Read moreThis week’s snapshot of the current energy market trends and recommendations for navigating the evolving landscape has arrived. Supply Overview EIA: NATURAL GAS STORAGE REPORT Weather Forecast : 6-10 & 8-14 Day Temperatures Weekly Weather Outlook: Impact on Natural Gas Prices This week, the weather is expected to have a mixed effect on natural gas…
Read moreSupply Update Weather Outlook Demand Trends NATURAL GAS STORAGE REPORT LNG EXPORTS NYMEX 12-MONTH STRIP Strategic Recommendations Consider longer-term agreements for better rates if you’re not using a managed product, such as with smaller accounts. However, pass-through capacity should be used whenever possible to reduce premiums. For managed index products, focus on reducing or eliminating…
Read moreWEATHER INSIGHTS Overall, the week starts with moderate demand, potentially decreasing midweek but then likely increasing towards the end of the week due to the forecasted snow. This variable weather pattern could lead to fluctuations in natural gas demand throughout the week, with a possible spike in consumption during the latter part of the week.…
Read moreWeather Outlook: East Coast Chill: The East Coast is still experiencing stubbornly cool weather. West Coast Warm-Up: The West Coast is starting to see warmer air building, with a potential warming trend expected in the next 2-3 weeks. Weather Impact: Freeze-Off Freeze-Off Concerns: Despite the frigid temperatures expected in the Eastern US this week, well-head freeze-offs are not…
Read moreThis week’s energy market update involves factors influencing pricing and demand. Here’s what you need to know: Weather and Demand The cool weather pattern is expected to persist for another week, keeping the market steady. While there has been a slight upward movement in prices, we haven’t seen any dramatic swings. The forecast indicates one…
Read moreAs we transition from winter to spring, the energy market is experiencing significant shifts. Here’s what you need to know: Weather and Demand The warmer temperatures forecast has impacted pricing as we move from February to March. February settled at $3.53, while March opened nearly 50 cents lower at $3.072. We’re expecting one more cold…
Read moreGovernor Shapiro and PJM Interconnection have reached an agreement to control electricity prices in the PJM capacity market. The deal implements price controls with a cap of $325 and floor of $175 per megawatt-day for the 2026/2027 and 2027/2028 capacity auctions. This measure is expected to save consumers over $21 billion over two years. The…
Read moreWEATHER: 6-10 & 8-14 DAY TEMPERATURES Weather and Demand Warmer temperatures are expected to sweep across the Eastern half of the United States this week, potentially easing the high energy demand we’ve been experiencing. The most recent Natural Gas storage report revealed a drop in production below 100 Bcf, likely due to wellhead freeze-offs that temporarily…
Read moreFOR IMMEDIATE RELEASE CLEVELAND, OH – January 2, 2025 – ScaleCo Capital (“ScaleCo”) is pleased to announce the appointment of Vin Zachariah as the Chief Executive Officer of TPI Efficiency LLC (“TPI” or “the Company”). In this role, Vin will oversee the strategic and operational direction of the organization. TPI is an energy management advisor providing solutions and support for…
Read moreWeather and Demand A chilly forecast is sweeping across the United States, promising another significant withdrawal from natural gas reserves in the coming days. Despite the extreme cold, production experienced a slight dip of a few Bcf/d last week, likely due to well freeze-offs in North Dakota and the Permian Basin. 6-10 & 8-14 Day…
Read moreJanuary Market Snapshot: Cold Snap Drives Prices Up The energy market is experiencing significant shifts as we enter the new year due to extended cold temperatures and supply concerns. Here’s what you need to know: Weather and Demand The cold temperatures we’ve been experiencing are forecast to extend into February, potentially leading to a more…
Read moreThe information provided about the Inflation Reduction Act (IRA) relates significantly to the HVAC industry in several ways: Emissions Reduction and Energy Efficiency The IRA’s goal is to reduce U.S. greenhouse gas emissions by up to 40% below 2005 levels by 2030, directly impacting the HVAC industry. This push for emissions reduction encourages the development…
Read moreWeather and Demand 6-10 & 8-14 DAY TEMPERATURES NATURAL GAS STORAGE REPORT Supply and Pricing Strategy UPCOMING LNG FACILITIES LNG Demand and Exports LNG exports have become crucial in natural gas pricing due to their impact on domestic storage. Recent developments include: NYMEX 12-MONTH STRIP ALL ABOUT THE NYMEX TWELVE-MONTH STRIP • The NYMEX Twelve Month…
Read moreEnergy Market Newsletter: December 23, 2024 Weather Demand and Natural Gas Pricing As we approach the end of the year, the energy market is experiencing significant shifts. While the recent cold spell is easing, forecasts for a colder-than-expected early January have pushed gas prices up to $4.00. This marks the second cold winter shot, and…
Read moreThe USDA has announced a pause in accepting Inflation Reduction Act (IRA) applications for the Rural Energy for America Program (REAP) due to overwhelming demand. Key points include: This pause allows USDA to manage the application backlog effectively. Interested parties should act quickly to submit applications before the December 31 deadline for consideration in the…
Read moreTPI Efficiency is proud to announce its comprehensive range of HVAC solutions designed to help businesses optimize energy consumption, reduce costs, and improve indoor comfort. As part of our commitment to solving future challenges today, we’ve partnered with industry leaders to bring you state-of-the-art HVAC technologies that drive efficiency and sustainability. Advanced HVAC Systems Our…
Read moreWeather and Demand We anticipate a retreat in energy demand and pricing as the recent cold front passes. The European forecast model suggests one more cold spell before the new year, while the American model predicts milder temperatures for at least the next 30 days. This long-term mild weather outlook may be causing the market…
Read moreNatural Gas Market Newsletter: Week of December 2-8, 2024 Weather and Demand Outlook The weather continues to be the primary driver of natural gas markets, with recent cold spells bringing more buyers into the market. However, the outlook is shifting: Key Insight: January pricing remains among the lowest since 2013, despite recent fluctuations. Regional Weather Breakdown Midwest, Ohio Valley,…
Read moreNatural Gas Supply Update Natural Gas Storage Report LNG Demand January NYMEX Futures (since November 15) Natural Gas Production Report NYMEX 12-Month Strip ALL ABOUT THE NYMEX TWELVE-MONTH STRIP • The NYMEX Twelve Month Strip is the average of the upcoming 12 months of closing Henry Hub natural gas futures prices as reported on CME/NYMEX.…
Read moreAt TPI Efficiency, we prioritize your safety and financial well-being. Recently, there has been a concerning increase in energy-related scams targeting customers. We want to ensure you’re informed and protected against these fraudulent activities. Be Aware: Red Flags of Energy Scams Energy suppliers, including TPI Efficiency, will never: Stay Protected: Our Commitment to You TPI…
Read moreExciting news for business leaders! TPI Efficiency has just released an insightful webinar recap on the recent PJM capacity auction results and their far-reaching implications. 🔍 “Energy Grid: Capacity Auction Results” – A must-watch for anyone concerned about future energy costs! Key highlights from the video: At TPI Efficiency, we’re committed to helping businesses navigate…
Read moreMarket Overview As we approach the withdrawal season, the energy market is experiencing significant shifts that could impact prices and supply in the coming months. This week’s newsletter focuses on key factors affecting the natural gas and electricity markets, including supply trends, LNG demand, weather patterns, and future price projections. Natural Gas Supply and Storage…
Read moreWeather 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…
Read moreAs 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…
Read more]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…
Read moreNatural 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…
Read moreTPI 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…
Read moreNATURAL 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…
Read moreUnderstanding 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…
Read moreEIA: 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.…
Read moreOhio FirstEnergy customers can expect higher electric bills next year as the utility seeks higher charges, but multiple cases tied to the utility’s corruption scandal remain unresolved.
Read moreJM’s recent capacity auction has sent shockwaves through the energy industry. Capacity costs are set to skyrocket from $2.2 billion to $14.7 billion for the 2025/26 delivery year. Power plant retirements, increased load, and new market rules drive this unprecedented 568% increase. Key takeaways: Wondering what it means to your business? Reach out to our…
Read moreNatural 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…
Read moreTuesday 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…
Read moreAugust 21, 2024 Cleveland—TPI Efficiency, a leading energy broker and efficiency consulting company and part of the ScaleCo Fund IV, is pleased to announce Joe Kennedy’s appointment as its new Chief Financial Officer. In this role, Mr. Kennedy will drive sales growth, develop and execute sales strategies, and expand the company’s customer base. “I am…
Read more2025/2026 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…
Read moreWeather 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.
Read more2025/2026 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…
Read moreThe latest PJM capacity auction has dramatically increased prices, reflecting a tightening supply and demand balance across the region. The auction, which secures power supply resources from June 1, 2025, through May 31, 2026, saw capacity prices rise nearly tenfold compared to previous years. Key Highlights:
Read moreNatural 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…
Read moreTHE 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…
Read moreURGENT 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…
Read moreThe PJM grid forecasts high daily electricity demand as the hot weather lingers. The hot weather conditions are expected to drive energy demand levels, threatening grid reliability. PJM Forecasted Demand: Monday, June 24, 2024Expected Peak Timeframe: 5:00 pm – 6:00 pm ESTPotential Peak Demand: 132,034 MW Tuesday, June 25, 2024Expected Peak Timeframe: 5:00 pm – 6:00 pm ESTPotential Peak Demand: 142,450 MW…
Read moreNYMEX 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…
Read moreExpected 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…
Read more6-10 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…
Read more⚠️ Monday, Tuesday & Wednesday = Potential Peak Demand Days! Next week, from Monday to Wednesday, the PJM grid forecasts high electricity demand. The hot weather conditions are expected to drive demand levels, posing a threat to grid reliability. Recommended Action To mitigate the risk of grid instability and potential outages, TPI recommends curtailing your…
Read moreAre you interested in reducing your water bill? Check out our Smart Valve solution, which will reduce your bill by 10-30% on average. 🔍 How Does the Smart Valve™ Work? 🔍The Smart Valve™ uses advanced technology to compress air in your water line, ensuring your water meter only measures water volume, not air. This…
Read moreWEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK Forecasts for scorching weather in late June and a severe Heat Dome covering the Southwest sent prices sharply upward last week. Pricing for July Natural Gas went from $2.53 on Tuesday the 6th to $2.97 on Sunday. EIA: NATURAL GAS STORAGE Last week’s storage report was still just above…
Read moreNATURAL GAS: EIA:NATURAL GAS STORAGE Last week was the first storage report in over a month with a higher injection than projected. Producers are bringing some assets online to prepare for a top 10 hot summer, and this production increase will help keep downward pressure on pricing. ELECTRICITY GENERATION SOURCES THE LAST TEN YEARS This…
Read more🚰 Introducing the Smart Valve™: Your Solution to Reducing Water Bills by Up to 30%! 🚰 Are your water bills out of control? The Smart Valve™ is here to help! This innovative device can save you 10-30% on water and sewer costs by maximizing pressure and decreasing water consumption. 🔹 Works 24/7/365 with no maintenance…
Read more6-10 DAY AND 8-14 DAY OUTLOOK Look for cooling demand to increase as a large heat wave moves across the U.S. in the 6-10 and 8-14 day forecasts. The entire country will see higher-than-normal temperatures except for a small area centered around Kentucky and stretching to the Atlantic, but even the Northeast and the Gulf Coast will…
Read moreNATURAL GAS PRODUCTION Natural Gas had another disappointing injection of only 70 Bcf for the week ending 5/10. Production again came in under 100 Bcf/d, and we have had lower injections than the five-year average in seven of the last eight weeks. However, we still have a great surplus of over 30% compared to the five-year average…
Read moreNATURAL GAS STORAGE NATURAL GAS PRODUCTION Natural Gas production remains weaker than in the past few months, with output below 100 Bcf/d. The number of working dry gas rigs has dropped to the lowest since January 2022 (102 rigs). As producers continue to shut down operations, the amount we inject will also drop, and the…
Read morePROBLEMS CONTINUE AT THE FREEPORT LNG FACILITY Persistent problems at the Freeport LNG facility have indeed impacted prices. However, there is a silver lining. Despite a freeze in January and subsequent mechanical issues, two of the three LNG trains are set to come back online. The third train is currently experiencing problems, resulting in Freeport taking in…
Read more🌟 TPI Stays Ahead of the Energy Curve 🌟 This week, Constellation Energy had the privilege of joining TPI’s State of the Company meeting, where we delved into the heart of the energy markets. It was an electrifying experience! ⚡ Industry experts shared invaluable insights into the dynamic landscape of electricity pricing, future market trends,…
Read moreEIA: NATURAL GAS STORAGE A substantial injection of +92 Bcf kept pricing deflated for the near future. Part of that injection came from the almost total shutdown of the Freeport LNG facility due to maintenance issues. The facility, the second largest on the Gulf Coast, has a capacity of 2.6 Bcf/d in LNG exports but…
Read more🌍 Happy Earth Day! 🌱 At TPI, we’re committed to partnering with you on your journey towards sustainability! From energy-efficient LEDs 💡 to harnessing the power of solar panels ☀️, we offer solutions in renewable energy 🍃, EV charging 🚗, and managing Scope 1 & 2 emissions. Let’s work together to impact our planet positively!…
Read moreNATURAL GAS PRODUCTION The Natural Gas Market remained essentially unchanged. Weakening weather demand and inconsistent LNG demand allowed pricing to stay low, and even production jumped about 2 Bcf/d last week to quash any chance of a market rally that would see significant price increases. EIA NATURAL GAS STORAGE Weather demand petered out the previous…
Read moreNATURAL GAS PRODUCTION The Natural Gas market is undergoing a significant transformation, with drillers scaling back production. This has resulted in a consistent 4-5 weeks of production declines, culminating in last week’s output of less than 100 Bcf/d. This is a significant development, marking the lowest production levels since February 2023. The impact on storage…
Read more🌿 Exciting developments in Maryland! 🎉 Environmental leaders and legislators strike a compromise to streamline environmental procedures for data centers, securing vital tax revenue for clean energy initiatives. Dive into the details via Maryland Matters:
Read more🌐 MISO seeks regulatory approval for innovative grid reliability measurement approach! 🔄 More about MISO’s proposal and its potential impact on grid resilience during peak demand periods!
Read moreNATURAL GAS STORAGE We are now in the injection season with a substantial +669 Bcf surplus over the five-year average. This surplus and robust oil production numbers will likely keep prices relatively stable, hovering within a dollar or two of these prices until at least next spring. OUR GAS SURPLUS Production cuts are taking place…
Read moreOhio’s attorney general sues an oil and gas waste processor for “egregious violations” of state law in handling hazardous and radiologic waste. Read the story > >
Read moreAre you ready to make significant savings on your business’s energy costs? Now’s the time to act! With gas prices hitting a four-year low in the U.S., there’s never been a better opportunity to secure incredible rates and pump up your savings. Our team understands the importance of seizing the moment when controlling your energy…
Read moreOhio farm owners aiming to lease land for a large-scale solar project face opposition challenging their property rights. The dispute highlights the complexities of balancing renewable energy expansion with local concerns. Discover the details >>
Read more⛽ At a Texas energy conference, oil and gas leaders argued that the clean energy transition falters despite significant investment. They advocate for costly and unproven measures like carbon capture and hydrogen to sustain their industry. Read more: https://www.theguardian.com/environment/2024/mar/20/fossil-fuels-oil-and-gas-clean-energy
Read more💡💸 Brace yourselves: US electricity prices are rising, outpacing annual inflation! 📈 Analysts point to transmission costs and federal policies as key drivers behind the reported 3.6% increase, according to the Bureau of Labor Statistics. Get the full scoop on this electrifying update >>
Read moreNATURAL GAS STORAGE The weather continues to be historically mild, with only occasional upticks that get erased quickly. There is no guarantee that next winter will continue to have record-breaking mild winters, and betting that we will continue to break the record for mild winters every year as we have the last two is a…
Read moreSolar showdown in Ohio! Two studies clash over payments for the 120 MW Frasier Solar project, but there’s a twist: only one revealed its data. 💰💡 Learn how this project could mean tens of millions more for Knox County!
Read moreNATURAL GAS PRODUCTION Gas Production continues to remain strong at 104 Bcf/d. This could result from Chesapeake Energy’s cutback in production, but that production slowdown is expected to take a few months to have an effect. RUSSIAN PIPELINES TO THE E.U. Believe it or not, some natural gas still flows from Russia to the E.U.…
Read moreA county in northeastern Ohio is set to decide on whether to ban large-scale wind and solar projects after receiving requests from multiple townships. The debate around the region’s future of solar and wind farms continues.
Read moreThe FirstEnergy scandal in Ohio is just the tip of the iceberg in the resurgence of fraud and corruption in the U.S. utility sector. As companies aim to spend billions on clean energy initiatives, we must remain vigilant against unethical practices. #utilitysector #corruption #cleanenergy #ethics
Read moreProgress on building the power grid lags even as Congress wades through permitting reform bills and regulators advance measures to speed interconnection.
Read moreEIA NATURAL GAS STORAGE REPORT Only about five weeks are left in injection season, and we have solid storage numbers with a supply level of more than 22% over the five-year average. Expected storage by the end of injection season will be 1,800 Bcf, which is even better than last year’s numbers. NATURAL GAS TOTAL…
Read moreNATURAL GAS STORAGE The EIA reported a withdrawal of 49 Bcf out of underground storage for the week ending February 9, 2024, vs. an estimated withdrawal of 71 Bcf. Inventories are 2,535 Bcf, 255 Bcf or 11.2% more than the same period last year, and 348 Bcf or 15.9% more than the 5-year average. NATURAL…
Read moreEIA predicts that solar and battery storage will comprise 81% of new electric-generating capacity in the U.S. by 2024. This highlights the continued growth of renewable energy and its crucial role in powering the country.
Read moreState utility regulators are urging MISO and PJM to enhance their joint long-term interregional transmission planning to guarantee reliability in the face of increasing demand and renewables.
Read moreThe Maryland Office of People’s Counsel has recently stated that Virginia should bear the transmission costs resulting from its data center incentive policy. The policy has been deemed unfair to Maryland ratepayers. You can read more about this story here: https://www.utilitydive.com/news/maryland-ratepayer-advocate-ferc-pjm-rtep-transmissision-cost-virginia-data-center/707338/
Read moreThe recent Ohio indictments shed light on the FirstEnergy scandal and the squalid relationships that led to it. The scandal has taken the energy industry by storm and brought to light the corruption and unethical practices that have been taking place. Read the article >>
Read moreThe U.S. EPA recently released a report indicating “widespread noncompliance” with its coal ash rule. This is partly due to a loophole that excluded older landfills, ponds, and fill sites. This is a concerning development, as coal ash contains toxic chemicals that can harm public health and the environment. We must address this issue and…
Read moreNATURAL GAS: NYMEX CALENDAR STRIPS The cost of Natural Gas continues to drop over the 12 months, and injection season is just around the corner on April 1st. We have seen a trend in the last few years where the current year is priced lower than the following years. So, looking at Natural Gas and…
Read moreResearchers have discovered that utilities across the United States are decarbonizing faster than regulations require and are transitioning to clean energy, even in states without renewable portfolio standards. According to a recent study by C.U. Boulder, the nation’s utilities will hit 100% renewable energy by 2060. This is a positive step forward in the fight…
Read moreAttention all businesses! Did you know a Nevada solar-plus-storage installation is powering this year’s Super Bowl? That’s right, the biggest event of the year is being powered by green energy. Check out the link to learn more! If you’re interested in exploring your solar options for your business, TPI consultants can help.https://www.cbsnews.com/news/super-bowl-2024-to-be-powered-by-nevada-desert-solar-farm/
Read moreEIA: NATURAL GAS STORAGE REPORT With the cost of natural gas climbing due to the added cost of gas from the Middle East, US LNG producers are maxing out the capacity of LNG facilities to sell their products where they can make the most money. It’s a global market, and NG producers will try to…
Read moreOhio’s HB6 is making headlines again, and the scandal is far from over. Recent reports reveal that Ohio regulators are protecting utility companies’ trade secrets claims, even when the data was publicly available. The Checks and Balances Project has obtained documents related to this issue, and their findings are concerning. Click the link below to…
Read moreFirstEnergy’s smart grid technology was invaluable during last year’s East Palestine, Ohio emergency. When a train derailment threatened to cause widespread power outages, the company could quickly and narrowly shut off power to the affected area, allowing emergency officials to respond without interruption. Thanks to this technology, the impact of the incident was significantly reduced.…
Read moreElectric vehicles and hybrids are taking the U.S. automobile market by storm! According to the Energy Information Administration, in 2023, the combined sales of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles (BEV) surged to 16.3% of total new light-duty vehicle (LDV) sales. This significant increase highlights a growing demand for more environmentally-friendly…
Read moreThe Public Utilities Commission of Ohio (PUCO) is under fire for allowing American Electric Power (AEP) officials to redact parts of an audit that examined the operations of two coal plants subsidized by HB6. According to a recent report, PUCO staff members allowed AEP officials to censor information from the audit that could have shed…
Read moreEIA: NATURAL GAS STORAGE REPORT Winter Storm Heather that crossed the USA over the last few weeks significantly increased the demand for gas and electricity, and the freezing temperatures put a large dent in production. During Winter Storm Heather, production dropped from just over 105 bcf/d to over 90 bcf/d. This helped increase the large…
Read moreMaryland’s “comprehensive” climate plan has been unveiled, and the next step is figuring out how to pay for it. As the state’s legislative session approaches, discussions surrounding the financial aspect of the plan are expected to be at the forefront. Unfortunately, there are no easy answers. According to a recent article from Maryland Matters, funding…
Read moreOhio environmental groups are pushing back against a state commission that claims its decisions to permit oil and gas drilling in state parks, and wildlife areas can’t be challenged in court. According to Energy News, the commission faces legal action from these groups, who argue that the commission’s claims are unfounded. How this dispute will…
Read moreThe North American Electric Reliability Corp. has announced a three-year plan to develop reliability standards for wind, solar, and battery storage facilities. This initiative represents a significant step towards modernizing the power grid and ensuring the stability and availability of renewable energy sources. According to Utility Dive, the plan will focus on inverter-based resources (IBRs),…
Read more6-10 DAY AND 8-14 DAY OUTLOOK A warmer weather pattern will gain ground over the US next week with highs of 30s to 50s over the northern US and 50s to lower 80s over the southern US. There will also be heavy rain over Texas & the South next week w/local flooding. Natural gas demand…
Read moreThe Ohio Supreme Court has ruled that the assets of the former head of the state’s Public Utilities Commission can be frozen in connection to a corruption scandal where he accepted a $4.3 million bribe from FirstEnergy. This decision comes after a long-standing investigation into the energy company’s alleged involvement in the scandal.
Read moreWEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK The current wave of freezing temperatures has sent the market northward over $3.00. Freezing temperatures have increased demand and likely caused well-head freeze-offs that have hurt production. The good news is that another warmer front will follow the cold front with warmer temperatures across the country in the…
Read moreThe EIA reported this week that it expects Henry Hub natural gas spot price to average under $3.00/MMBtu in 2024 and 2025.
Read morePittsburgh, a former capital of steelmaking and industry, has become a “poster child” of climate action and consciousness.
Read moreThe Biden administration announces $623 million in infrastructure funding to fill electric vehicle charging gaps in Ohio and other regions.
Read morePJM has released its new long-term load forecast, and it predicts estimated electricity demand growth of 1.7% per year for summer peaks, 2% for winter peaks, and 2.4% for net energy over a 10-year planning horizon starting in 2024. The 2024 summer forecast peak demand, or load, is 151,254 MW, according to the 2024 PJM…
Read moreThe EIA reports that battery storage is set to more than double this year!
Read moreNATURAL GAS HEADLINES: STORAGE The market continued to rise with the onset of cold January weather. With below-average temps ready to cover most of the nation, demand for heat is expected to go up, and natural gas drilling in areas like South Dakota could see wellhead freeze-offs, affecting production. The market for prompt month Natural…
Read moreFederal energy regulators allow New England’s grid operator to delay a forward capacity auction scheduled for February 2025 by a year to update its accreditation methodology to reflect changing generation resources. The story >>
Read moreExciting news for Ohio’s clean energy development! A $10 million federal grant will support economic development efforts in Ohio and neighboring states to help lure small- and medium-sized manufacturers specializing in the clean energy supply chain.
Read moreNATURAL GAS MARKET PRODUCTION Natural gas production remains strong, consistently broaching or approaching 105 Bcf daily. These are record production numbers. Due to the record oil production, we are also seeing added secondary natural gas production, a byproduct of oil drilling. FUTURE LNG EXPORT FACILITIES We will need that extra natural gas in the future…
Read moreNATURAL GAS: EIA Storage Report The last two storage reports have been either right on target or slightly above projections, and that has moved the pricing up just a bit, though it is still well below $3.00. It also looks like the weather will be closer to normal over the next 6-14 days, which will…
Read moreAn anonymously funded group is spreading misinformation about a proposed 120 MW Ohio solar project, including at a recent event featuring speakers with ties to fossil fuel and climate denial groups.
Read moreHigh Natural Gas Production: High production, mild winter weather, and its effect on demand have been the main drivers of Natural Gas and electricity pricing. We continue to see warmer-than-normal temperatures throughout the country and lower overall demand for natural gas than we did in 2022. We are approaching the market over the five-year average…
Read moreAs Maryland looks to expand its data center industry to compete with neighboring northern Virginia, it’s unclear if enough electricity can be generated to power the new sites.
Read moreWEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK From December 11 to 17, weather systems will move across the western and eastern parts of the United States, bringing rain and snow. The temperatures will be relatively mild, with highs mostly ranging from the 30s to the 50s. In the southern US, temperatures will be comfortable, reaching…
Read moreThe United States begins the winter with the most natural gas in storage since 2020! The story >>
Read moreAccording to a new report from federal regulators, New York almost ran out of natural gas during last December’s Winter Storm Elliott.
Read moreThe indictment of Ohio’s former top utility regulator sparks renewed calls for a wider investigation into state officials’ dealings with utility companies and reforms to guard against future public corruption.
Read moreMichigan Gov. Gretchen Whitmer signs an executive order to convert 100% of the state’s fleet to zero-emission vehicles by 2040.
Read moreWEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK Expect pleasant weather across the northern United States with a mix of rain and snow, bringing mild to slightly cool temperatures from the mid-30s to 50s. In the southern U.S., it’s mainly looking dry and comfortable, with highs in the 50s to 70s and locally reaching the 80s.…
Read moreDespite strong winds on the Great Lakes, offshore wind projects in the region have largely failed to advance over the past decade because of local opposition and infrastructure challenges.
Read moreEIA: WEEKLY NATURAL GAS STORAGE The weekly gas storage report from the EIA showed the first withdrawal of the season with a withdrawal of -7 Bcf. This low withdrawal is due to colder weather, but the weather across much of the US looks like it will be warmer than normal in the 6-10 and 8-14…
Read moreNATURAL GAS HEADLINES: As expected, the market reacted strongly to last Thursday’s two-week storage report. However, the news was good for those looking to finalize their energy agreements. The final total for the two weeks was a +60 Bcf INJECTION, which sent the gas market tumbling and brought the prompt month below $3.00. The Henry…
Read moreDoes Dominion Energy supply your home with natural gas? If so, you’re in luck! Dominion offers free residential energy audits – a $25 savings. The energy assessment will evaluate your home and how it uses and wastes energy. Auditors can also recommend available rebates and give the homeowner free energy-saving products — like high-efficiency shower…
Read moreAES’s Dayton Power and Light Company has introduced a unique discount program approved by the Public Utilities Commission of Ohio (PUCO). This program is for customers with a power demand of 500 kilowatts (kW) or more at a single location. Significant discounts are available for new or expanded facilities in the AES Ohio (Dayton Power…
Read moreOhio judges continue admonishing the state’s former top energy regulator for attempting to stall while handing over documents related to investigations into the state’s power plant bailout law. The latest >>
Read moreWEATHER HIGHLIGHTS: As projected, natural gas prices have fallen in the last week, with prompt-month pricing falling almost below $3.00. Since the start of November, natural gas prices have lost $0.60 from $3.62 to $3.018 on Friday. This drop coincided with a change in the weather forecast, which called for milder temperatures than initially forecast.…
Read moreStrong customer opposition to current rate cases could leave utilities in the lurch when it comes to raising funds they need to make good on their promises to improve the safety and sustainability of their operations. Read The Article >>
Read moreTPI was a proud sponsor of Hattie Larlham’s Bright & Blue Gala, and it was an exceptional success, raising over $300,000 to support Hattie Larlham’s programs & services. The story >>
Read moreEIA: WEEKLY NATURAL GAS STORAGE The last two natural gas storage reports have shown a more robust injection than the five-year average, which is helping to keep the price of Natural Gas lower as mild weather has kept heat demand down. Projections of a mild winter due to a strong El Nino are also holding…
Read morePennsylvania’s Commonwealth Court rules the state’s governor overextended his power by signing the state up for the Regional Greenhouse Gas Initiative, calling it an illegal tax; environmentalists want the matter appealed to the state’s top court.
Read moreFour hydroelectric plants on the Ohio River that Bowling Green, Ohio, relies on for electricity receive $8 million in federal infrastructure funding.
Read moreEIA: WEEKLY NATURAL GAS STORAGE The last two storage reports have shown a more robust injection than the five-year average, which is helping to keep the price of Natural Gas lower as mild weather has kept heat demand down. Projections of a mild winter due to a strong El Nino are also holding back gas…
Read moreNextEra expects up to $1.8B by 2026 in renewable energy tax credit sales, CFO says The tax credit market is growing more rapidly than expected, an energy marketplace director said, but questions remain about whether it’s bringing new money to the sector. Read the article >>
Read moreThe “unstoppable” global transition to clean energy means fossil fuel demand is set to peak before 2030, the International Energy Agency predicts. Read the article >>
Read moreCongress members call for investigating “zombie mines,” where coal production has idled. Still, reclamation remains incomplete after an Appalachian advocacy group identified 633,000 acres in seven states that need reclamation.
Read moreFailing to expand the grid may be the biggest threat to U.S. energy transition! A panel of experts urged FERC to “expeditiously” issue its pending transmission planning and cost allocation reforms and ensure wholesale power markets can support a shift to 100% clean energy. Read the article >>
Read moreEIA: WEEKLY NATURAL GAS STORAGE Our gas injections continue to be weak this summer, and we will still be lucky to have a surplus by the end of withdrawal season starting in November. Our surplus over the 5-year average, at one time over 17%, is now down to 5.1%. The excess over last year has…
Read moreOil, Natural Gas, and The Israel-Hamas Conflict After worries that the Israel-Hamas conflict could widen into a larger Mideast war, prices returned to normal. So far, the fighting has been limited to around the Gaza Strip except for a few rocket attacks from Hezbollah from Syria and Lebanon in the north. While neither Israel nor…
Read moreFirstEnergy investors continue to spar with the company over releasing information in court about the utility’s role in a major bribery scheme.
Read moreNet zero is “within grasp:” Climate policy analysts say the U.S. goal of net zero emissions by 2050 is “actually within grasp” if the country focuses on electric vehicles, building decarbonization, and clean energy deployment. #netzero #climatechange #emissions #IRA #decarbonization
Read morePJM anticipates no reliability issues and minimal impacts to solar generation in its region, spanning 13 states and Washington, D.C., during the solar eclipse on October 14. The eclipse occurs when the moon passes between the sun and the earth and will be most visible on the morning of Oct. 14 in the western U.S.,…
Read moreIt’s important to note that conditions change quickly in this ongoing conflict, and the market’s reaction remains to be seen.
Read moreNATURAL GAS: NYMEX 12-MONTH ROLLING STRIP (NOV-OCT) In September, natural gas demand fell sharply in all sectors, from residential and commercial to industrial. This is likely due to mild weather throughout the country and no actual heat demand until this last week. Below average temps are moving across the country, so look for higher heating…
Read moreAs winter approaches, the energy industry in the United States closely monitors various factors that can influence natural gas pricing. One such factor that can significantly impact is the El Niño phenomenon. El Niño, characterized by the abnormal warming of sea surface temperatures in the equatorial Pacific Ocean, can disrupt weather patterns worldwide. Understanding El…
Read moreALL ABOUT THE NATURAL GAS MARKET: NATURAL GAS: HIGH DEMAND The higher gas demand is coming from three places. The gas price in 2023 and 2024 has begun to dip just a bit (though it did go up last week), but further out, we are seeing pricing trend upwards in 2026, 2027, and 2028. This…
Read moreClean energy project interconnection issues and continued use of trash incineration plants will make it hard for Maryland to reach its ambitious climate goals, even as the state receives federal funds for emissions reduction. The story >>
Read morePJM Interconnection member states form a working group to develop a separate market to push ahead on clean energy goals, planning to have a strategy by the end of the year. The story >>
Read moreAn energy supplier and a renewable natural gas developer agree to build and operate an RNG facility that captures landfill-emitted biogas in New Jersey’s Egg Harbor Township. #RNG #biogas #newjersey #energynews #biogasdevelopment #renewables #renewableenergy
Read moreNATURAL GAS DEMAND WITH EXPORTS Even though we now have record natural gas production, we also have record demand for natural gas. When you add in the LNG exports, current demand is above 2022 and 2021 and higher than the five-year average and the five-year average range. Demand and exports have been higher this summer,…
Read moreTwo ongoing lawsuits have forced Pennsylvania to skip seven carbon credit auctions since joining the Regional Greenhouse Gas Initiative in early 2022; a delay environmentalists say has cost the state $1.5 billion.
Read moreA Michigan Senate committee takes testimony on bills that would transition the state to 100% carbon-free electricity by 2040.
Read moreWhy do changes in retail natural gas prices lag in wholesale natural gas prices? Mainly due to the nature of utility regulation. So far this year, monthly average natural gas wholesale spot prices at the U.S. benchmark Henry Hub have generally declined. Still, these relatively low prices have not immediately translated into lower retail prices…
Read moreVistra plans to sell nearly 400 MW in PJM to ease market power fears from the Energy Harbor deal. The story >>
Read moreEIA: U.S. ELECTRICITY GENERATION BY SOURCE 2018-2024 If you look at the sources of electricity supply, natural gas, coal, and nuclear may have a clear lead, but if you add wind and solar together and then break them down ‘other‘ you find out that renewables are probably in second place as other also accounts for…
Read moreThe EPA estimates the IRA will lead to economy-wide emission reductions of up to 43% by 2030 compared to 2005. #EPA #emissions #emissionreduction #IRA #utiliies #electricity
Read moreNATURAL GAS: BAKER HUGHES RIG COUNT FOR THE LAST FIVE YEARS Keep an eye on the Natural Gas rig counts. We have dropped from 166 rigs a year ago down to 114 this last week. This is the lowest we have been since just before the Russian invasion of Ukraine. Last winter, we got lucky…
Read moreThis summer was the Earth’s hottest on record, the World Meteorological Organization reports, with July and August marking the world’s hottest months. #climate #climatechange #globalwarming
Read moreBased on current PJM load and weather forecasts, an annual peak day between 4 PM and 6 PM EDT will likely be established this afternoon, Tuesday, September 5th. Tomorrow and Thursday also have the potential to develop peaks for the 2023 season. We recommend curtailing your load from 3:30 p.m. to 6:00 p.m. (EST) to…
Read moreWEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK The intense heat we have seen in the South and up through the Plains States will ease up in the next 10-16 days, with more normal temperatures forecast. This cooler forecast may account for the eleven-cent drop in prompt month gas pricing on the Henry Hub NYMEX over…
Read moreAs your organization begins to consider energy efficiency projects to meet your carbon reduction goals or federal, state, or local regulations, it is essential to know that various rebates and incentives may be available from utilities, governments, or third parties. A rebate or incentive refers to a financial or non-financial benefit provided to individuals, businesses,…
Read moreWEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK Intense heat moving north from Texas creates a funnel of intense heat up through the Plains States and almost to the Canadian border. Dallas, TX, will see temperatures over 100 later this week. Minneapolis will see temps in the 90s at the same time. This heat will move…
Read moreGrid operator MISO notifies utilities in its 15-state region to prepare all power generation sources to meet demand during this week’s heatwave.
Read moreThe latest TPI Market Snapshot shares PJM Grid Peak Demand Alerts and the latest energy headlines and market conditions. Peak Demand Days Expected This Week There is a High Threat of setting one of the five highest peak demand days today (Monday, August 21). Today’s forecasted peak demand is 139,415 MW during hour ending 18.…
Read moreForecasters Are Predicting A Peak Demand Alert Across Grid This Afternoon! Based on current PJM load and weather forecasts, an annual peak day between 5 pm and 6 pm EDT could be established this afternoon. According to PJM, demand is forecasted to reach 139,560 MW. This number is among the highest predicted demand loads this…
Read moreMore than 100 new clean energy, battery, and electric vehicle manufacturing facilities and expansions have been announced since the Inflation Reduction Act’s passage a year ago.
Read moreThis week’s Market Snapshot looks at the increase in temperatures across the US – and thus, electricity demand, in the next two weeks. Plus, the natural gas market has started to climb up. Don’t wait to act on your next natural gas contract! WEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK With extreme heat moving eastward,…
Read moreNatural Gas: EIA WEEKLY NATURAL GAS STORAGE REPORT Keep an eye on the gas storage report. While we still have a surplus of natural gas compared to the five-year average, especially last year, the recent injections have been smaller than in the past, and the surplus is shrinking. This is a sign that demand continues…
Read moreClean energy cases “continue to dominate” regulatory agendas nationwide With the proliferation of state-level clean energy initiatives and passage of the Inflation Reduction Act, renewable-energy-related proceedings continue to dominate the regulatory agendas of utility commissions in the US. Across the 54 jurisdictions followed by Regulatory Research Associates, 23 regulatory bodies have at least one case…
Read moreNatural gas deliveries by pipeline to U.S. liquefied natural gas (LNG) export facilities are called LNG feed gas. LNG feed gas averaged 12.8 billion cubic feet per day (Bcf/d) in the first six months of 2023, following the Freeport LNG terminal’s return to service, according to S&P Global Commodity Insights data. Over this period, LNG…
Read moreUS Weather: 6-10 DAY AND 8-14 DAY OUTLOOK Energy Demand: ABOUT LAST WEEK’S PEAK DEMAND ALERTS EIA: WEEKLY GAS STORAGE The Natural Gas Market took a bit of a dip on Wednesday, falling from its weeklong high of $2.755 and down more than ten cents to $2.642. This dip was prompted by weather forecasts calling…
Read moreAcross Much of PJM Network, the hottest temps of Summer are forecasted today, prompting Peak Demand Alert. Based on current PJM load and weather forecasts, an annual peak day between 3 PM and 6 PM EDT will occur this afternoon, when demand is forecasted to reach 154,258 MW. This number is among the highest predicted…
Read moreBased on current PJM load and weather forecasts, an annual peak day between 4 PM and 7 PM EDT could be established this afternoon. According to PJM, demand is forecasted to reach 153,286 MW. This number is among the highest predicted demand loads this year! TPI Efficiency asks you to consider reducing your consumption during…
Read moreToday’s Peak Demand window is 3:00 PM – 7:00 PM EST, with demand expected to exceed 141.7 GW. TPI Efficiency asks you to consider reducing your consumption during the forecasted peak timeframe. We will continue to monitor the PJM network for system peaks tomorrow, along with the rest of this week. If your operations are…
Read moreTuesday’s Peak Demand window is 3:00 PM – 7:00 PM EST, with demand expected to exceed 136.4 GW. TPI Efficiency asks you to consider reducing your consumption during the forecasted peak timeframe. We will continue monitoring the PJM network for system peaks tomorrow and the rest of this week. If your operations are flexible, we would…
Read moreWEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK Energy: PJM Peak Demand Alerts This Week! The PJM interconnection grid network is projecting that the hot weather later this week will lead to the potential for Wednesday, Thursday, and Friday being three of the five days that will affect capacity costs for next year. Forecast Peak Usage…
Read more6-10 DAY AND 8-14 DAY WEATHER OUTLOOK Weather News: The oppressive heat in the west brought record temperatures in the southwest and central California. The heat will level off, but higher temperatures still extend from the Canadian border to the Mexican border and will become more widespread. The El Nino to the west of Baja…
Read more(Cleveland, July 12, 2023) ScaleCo Capital Management is excited to announce on Friday, June 30th, TPI Efficiency, a ScaleCo Fund IV Company, acquired the electricity and natural gas business of Greenstar Solutions, LLC. Located in Bethlehem, PA, Greenstar is TPI’s first add-on acquisition. Headquartered in Cleveland, Ohio, TPI Efficiency was founded in 2009 by Roger…
Read morePJM has Issued A Peak Demand Alert for Wednesday, July 12, 2023 Tomorrow is the first Peak Demand Day of 2023! On Wednesday, July 12, 2023, high temperatures could impact your Capacity Peak Load Contribution (PLC) and future electricity costs. There is a possibility that an hour between 3 p.m. and 7 p.m. Wednesday will…
Read moreNatural Gas • Energy • Weather • Weekly Market Headlines EIA: WEEKLY NATURAL GAS STORAGE Natural Gas stayed relatively stable the last week as increased production for the week offset the higher cooling demand. We also saw a higher injection in the past week than last year and the five-year average. This kept prompt month pricing at…
Read moreAfter a Maryland utility allowed space under a transmission line to become a meadow, dozens of species of plants, insects, birds, and mammals have returned to the area, bringing biodiversity to an oft-barren tract of land. The good news story >>
Read moreVistra’s plan to buy Energy Harbor’s nuclear power plants and other assets will hurt competition in wholesale and retail markets and should be rejected, the Ohio ratepayer advocate and the Northeast Ohio Public Energy Council, or NOPEC, told the Federal Energy Regulatory Commission on Friday. According to the market monitor, FERC should only approve the $3.4…
Read moreFirstEnergy secretly paid more than $550,000 to a front group and its campaign against Cleveland Public Power, a publicly owned nonprofit utility that competes with a FirstEnergy subsidiary, bank records show. Read the full story >> #firstenergy #corruption #Utilities #clevelandpublicpower #energynews
Read moreAccording to EIA estimates, working natural gas in storage was 2,805 Bcf as of Friday, June 23, 2023. This represents a net increase of 76 Bcf from the previous week. Stocks were 566 Bcf higher than last year and 358 Bcf above the five-year average of 2,447 Bcf. At 2,805 Bcf, the total working gas…
Read moreBright lights, big city! TPI is passionate about revitalizing our community for a more efficient future. We are proud to participate in Cleveland’s initiative to restore and modernize the historic Shaker Square with efficient LED outdoor lighting. We cannot wait to see the transformation! Make sure to follow us to see updates.
Read moreIf temperatures spike this summer, parts of the United States could face electricity supply shortages as demand for cooling increases, according to an analysis by the North American Electric Reliability Corporation (NERC). The latest summer reliability report from NERC warns that two-thirds of North America is at risk of energy shortfalls during extremely high electricity…
Read moreEIA: WEEKLY NATURAL GAS STORAGE Why This Weekly Natural Gas Chart Is Import: Understanding the Natural Gas Storage ReportThe Natural Gas Storage Indicator measures working gas, the volume of gas in a reservoir above a specified base level, and the amount of gas available for sale to the marketplace. The EIA report shows gas inventories…
Read moreWhen was the last time you audited your business’ utility bills? There are 19 billion reasons why you should consider TPI’s risk-free utility audit. The U.S. Energy Information Administration reported that public utility companies had overbilled their customers by approximately $19 billion. This overbilling was in just one year! More than 70% of the utility customers’…
Read moreThe price of natural gas is closely correlated to the cost of electricity due to the significant role that natural gas plays in power generation. Natural gas is a widely used fuel source for electricity generation in many countries worldwide. How the price of natural gas affects the price of electricity: It’s important to note…
Read moreNatural Gas – Energy – Electricity – Weather Headlines EIA: WEEKLY NATURAL GAS STORAGE REPORT A lower-than-expected injection into gas storage saw the cost of Natural Gas rises thirty cents since last Wednesday in the prompt month. Also contributing was the forecast for hotter temperatures in late June. Even next winter has risen almost 15…
Read moreAdvocates say that achieving clean energy targets across the Midwest will require strategies to quickly enhance the region’s transmission system.
Read moreA new analysis finds the most prominent U.S. power utilities have funneled at least $215 million to dark money political groups in recent years, boosting legislators who have helped to increase rates, bail out failing power plants, and oppose clean energy. #utilities #power #cleanenergy #money #darkmoney #energynews
Read moreWEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK An active pattern continues this week as weather systems track across the US with showers, thunderstorms, and comfortable highs of 60s to 80s for light demand besides the Southwest, Texas, the South, and Florida, where a hot ridge will result in highs of 90s to locally 100s for…
Read moreU.S. electricity generation from natural gas reached a record high last winter and accounted for 38% of the country’s electricity generation mix. Read More >>
Read moreBYE-BYE COAL • ENERGY NEWS UPDATE • EIA NEWS • CAPACITY NEWS According to the plant’s owner, after 54 years of providing power to Pennsylvania and New York, the Homer City Generating Station in Pennsylvania will close by July 2023. The 1,888-megawatt coal plant began generating electricity in 1969 when Units 1 and 2 entered service.…
Read moreFederal regulators are preparing a new rule governing how energy projects connect to the grid, aiming to get solar, wind, and storage projects plugged in. #solar #energy #grid #gridmodernization #renewableenergy
Read moreWeather: 6-10 DAY AND 8-14 DAY OUTLOOK An active pattern continues this week as weather systems track across the U.S. with comfortable highs of the 60s to 80s for weak, creating a low demand for natural gas and little need for air conditioning across the Midwest and East Coast. Energy Rates: Attention FirstEnergy Customers Residential…
Read moreAn S&P Global entity downgrades its outlook for Maryland utility regulation to a “below average” listing, citing the governor’s agenda, “increasing uncertainty and the potential for a more restrictive regulatory climate.” The story: https://www.newsfromthestates.com/article/national-financial-agency-downgrades-assessment-mds-utility-regulation-what-does-it-mean
Read moreUS WEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK For the next 6-10 days, we will see warmer weather than average in the North and cooler than typical weather than average in the South. This could temporarily lower demand as cooler temperatures in the South will lead to less AC usage, and warmer temperatures in the…
Read moreEnergy News • Weather • Natural Gas • Electricity • Energy Market Headlines Weather: 6-10 DAY AND 8-14 DAY OUTLOOK 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…
Read moreEl 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…
Read moreSUMMER 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…
Read moreData source: U.S. Energy Information Administration, Annual Energy Outlook 2023 (AEO2023) The EIA’s Annual Energy Outlook 2023 projects that U.S. coal-fired generating capacity will drop below half of 2022 levels by 2050. In a scenario assuming higher zero-carbon technology costs than in our base case, called the Reference case, we project coal-fired capacity will drop 52% to 97…
Read moreThe Biden administration’s forthcoming power plant emissions rules are designed to curb greenhouse gas pollution as much as possible without being rejected by the Supreme Court, sources say.
Read moreNatural Gas • Energy News • Electricity • Weather • EIA Storage Report EIA NATURAL GAS STORAGE REPORT ELECTRICITY HEADLINES US WEATHER OUTLOOK
Read moreWEATHER 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…
Read moreBelow 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…
Read moreSaving money and energy is not only good for your wallet, but it’s also good for the environment. Here are some ways you can save money and energy for Earth Day: By implementing these energy-saving measures, you can positively impact the environment and save money at the same time. Happy Earth Day!
Read moreWEATHER: 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…
Read moreAny potential revenue from oil and gas drilling in Ohio state parks “will never come close to what our state makes now by preserving them,” an environmental advocate writes.
Read moreApril 12, 2023 Cleveland – TPI Efficiency, a leading energy broker and efficiency consulting company and part of the ScaleCo Fund IV, is pleased to announce the appointment of Jim Connolly as its new President of Sales. In this role, Mr. Connolly will drive sales growth, develop and execute sales strategies, and expand the company’s…
Read moreEnvironmental groups seek a temporary injunction to halt a new Ohio law that requires the state to lease state parks and other public lands for oil and gas development. The new law – condemned as an ‘illegitimate giveaway to the oil and gas industry’ – requires state parks to be leased to interested parties.
Read moreNATURAL GAS CONTINUES TO BE PRICED BELOW FUTURE YEARS What Is Henry Hub?Henry Hub is a natural gas pipeline located in Erath, Louisiana that serves as the official delivery location for futures contracts on the New York Mercantile Exchange (NYMEX). NATURAL GAS STORAGE REPORT The Freeport facility has final approval to process liquid natural gas…
Read moreThe U.S. EPA may have an easier time imposing carbon regulations on coal and gas power plants if it argues the rules won’t impact the industry much more than the Inflation Reduction Act already did, analysts say.
Read moreEnvironmentalist and renewable energy groups have long battled against the legislative agenda of Dominion, which spent years as the top corporate donor in Virginia politics. The story >>
Read moreFirstEnergy, Ohio Edison, and Illuminating Company Customers will see their Electric Rates Double First Energy announced the results of their last auction for the utility rate and announced that the final utility rate for June 2023 through May 2024 would be 10.2 cents per kWh, almost twice what it had been the previous year. NATURAL…
Read moreNATURAL 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…
Read moreData source: U.S. Energy Information Administration, Natural Gas Monthly U.S. exports of liquefied natural gas (LNG) averaged 10.6 billion cubic feet per day (Bcf/d) in 2022, increasing by 9% (0.8 Bcf/d) compared with 2021, according to our Natural Gas Monthly. The increase in U.S. LNG exports was driven by strong LNG demand in Europe, high international…
Read moreNATURAL GAS PRICING IS STILL LOW, BUT WARNING SIGNS ARE ON THE HORIZON Natural Gas: SUPPLY IS UP, BUT SO IS DEMAND. NATURAL GAS INDUSTRIAL DEMAND NATURAL GAS POWER BURN DEMAND EIA: NATURAL GAS STORAGE REPORT WEATHER: COOLER TEMPS INTO EARLY APRIL EXCEPT IN THE SOUTHEAST This Week’s National Weather Outlook: Most of the U.S. will…
Read moreIn 2021, 26% of eligible U.S. customers participated in their state’s retail choice program, or 13.2 million U.S. residential electric customers, based on EIA’s Annual Electric Power Industry Report data. The participation rate in U.S. residential retail choice programs remained relatively unchanged from 2019 to 2021, following several years of modest growth. In states with…
Read moreWeather: 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…
Read moreThe United States will likely need 47,300 GW miles of new transmission by 2035, a 57% increase compared to today’s transmission system under a moderate load growth-high clean energy growth scenario, according to a Department of Energy draft report. Read the complete details >>
Read moreWEATHER: 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,…
Read moreFEBRUARY 2023: Electricity Insights After adjusting for inflation, costs for major U.S. utilities to produce electricity rose 6% in 2021 due to rising fuel costs. Electricity production costs declined for several years as natural gas prices fell and new low-cost renewable generators came online. However, the cost to deliver electricity across transmission and distribution lines…
Read moreNatural Gas Market Continues to Dominate Headlines! WEATHER: COLD FRONT PUSHING THROUGH GREAT PLAINS AND UPPER MIDWEST With the onset of Winter Storm Olive, the gas and electricity markets have slightly increased, with Natural Gas moving above $2.50. This will likely continue for the next few days unless the system moves north or breaks apart.…
Read moreThe PJM’s proposed rule change will help ensure that load-serving entities are charged for capacity based on a reliability requirement that reflects actual reliability needs in a manner consistent with supply and demand fundamentals, FERC said in the 3-1 decision. The complete story b>>
Read moreThey’ve become cheaper, more efficient, and don’t rely on materials from China: why a made-in-Ohio solar panel technology is poised to take off.
Read moreMild weather and impressive storage numbers keep the natural gas price low. GAS KEEPS DROPPING IN MILD WEATHER, AND SURPLUS STORAGE NATURAL GAS STORAGE IS NOW 16.8% HIGHER THAN LAST YEAR. NATURAL GAS STORAGE REPORT A BIT OF COOLER AIR IS MOVING IN FROM THE NORTHEAST Cold weather from Western Canada will bleed into the…
Read moreAccording to new federal data, Connecticut’s air quality suffers from fossil fuel emissions from ten other states, including Maryland, New Jersey, New York, and Pennsylvania. #data #quality #airquality #airqualitymonitoring
Read moreTHE NATURAL GAS MARKET CONTINUES TO BOUNCE ALONG THE FLOOR NEAR $2.50 A STRONG EASTERN RIDGE OF WARM AIR KEEPS DEMAND DOWN. NATURAL GAS STORAGE REPORT THE US REMAINS COLDER IN THE WEST, WARMER IN THE EAST The natural gas market continues to bounce near $2.50 thanks to warmer weather in the East and substantial…
Read moreNATURAL GAS: FROM $9.35 IN SEPTEMBER TO $3.11 IN JANUARY, THE NYMEX HAS FALLEN FAR THE MARKET REMAINS VOLATILE ON COMPETING INDICATORS. A WARMER FORECAST IN THE EAST REDUCES THE DEMAND FOR ELECTRICITY AND NATURAL GAS NATURAL GAS: FUTURES PRICING FOR THE NEXT YEAR HAS COLLAPSED The market for future months has dropped by about…
Read moreThe company wants to bring its annual domestic manufacturing capacity to 10.6 GW by 2025. The story >>
Read moreOn December 23, 2022, natural gas consumption in the U.S. Lower 48 states reached a daily record high of 141.0 billion cubic feet (Bcf), according to estimates from S&P Global Commodity Insights. The previous record was 137.4 Bcf, set on January 1, 2018. Below-normal temperatures in mid-to-late December increased demand for natural gas used for…
Read moreTHE WEAKENING OF THE COLD FRONT KEEPS PRICING DOWN BELOW $3.00 THE NATURAL GAS MARKET REMAINS VOLATILE ON COMPETING INDICATORS. NATURAL GAS STORAGE REPORT The Freeport LNG Facility has not fully met regulators’ requirements to reopen at 100%. Still, it will partially reopen in February with hopes of returning to 2.0 Bcf – 2.6 Bcf…
Read moreNatural gas-fired power plants generated 2% of the electricity produced in Pennsylvania in 2001. Over the next 20 years, natural gas-fired generation in the state will increase rapidly, reaching 52% in 2021. Natural gas displaced most coal-fired generation, which fell from 57% of the electricity generated in Pennsylvania in 2001 to 12% in 2021. Natural…
Read moreThe average cost for generators to connect to the grid in the PJM Interconnection soared from 2020 to 2022 compared to previous two-year intervals, driven mainly by network upgrades beyond the interconnecting substation, according to a study released Thursday by the Lawrence Berkeley National Laboratory. Read the complete story >>
Read moreNatural Gas: WE MAY HAVE HIT BOTTOM, AND COLDER WEATHER COULD BRING PRICES BACK THE MARKET REMAINS VOLATILE ON COMPETING INDICATORS. What Is Henry Hub?Henry Hub is a natural gas pipeline located in Erath, Louisiana, that serves as the official delivery location for futures contracts on the New York Mercantile Exchange (NYMEX). EIA NATURAL GAS…
Read moreIn the Energy Information Agency’s latest Short-Term Energy Outlook, they expect that increased U.S. power generation from new renewables capacity—primarily wind and solar—will reduce generation from coal-fired and natural gas-fired power plants in 2023 and 2024. With the new solar and wind projects coming online this year, the EIA forecasts these two energy sources will…
Read moreEIA forecasts lower wholesale U.S. natural gas prices in 2023 and 2024. Reach out to TPI to see how this could affect your energy spend going forward. The full story >>
Read moreNatural Gas Market NEXT JANUARY’S PRICING REFLECTS MORE NORMAL JANUARY WEATHER. WEATHER CONTINUES TO DRIVE THE NATURAL GAS MARKET DOWN. EIA Natural Gas Storage Report Electricity News: FirstEnergy Auction Weather Mid Weather PJM BGE JANUARY 10TH PJM ADHUB JANUARY 10TH
Read moreAbout 23.2% of PJM’s generating fleet was unexpectedly offline on December 24, mainly because of plant equipment that didn’t operate and fuel supply problems. Read More >>
Read morePrompt-month NYMEX natural gas was trading at $3.79/MMbtu in morning trading, up $0.12/MMbtu as of 12:45 p.m. ET.
Read moreNatural Gas News: Market Drops Auction Time First Energy’s second auction for electricity that will be part of their supply is scheduled for Jan. 10. With the recent slide in Natural Gas pricing, expect it to come in below the price from the last auction, which was 12.23 cents per kWh. 12-MONTH STRIP, ATC POWER…
Read moreClimate change won’t make winter storms and blizzards go away. Scientists explain how intense winter weather like the blizzard that killed over two dozen people around Buffalo, New York, over the holidays could worsen as the world warms. https://www.usatoday.com/story/news/2022/12/27/buffalo-blizzard-climate-change-extreme-weather-events/10955920002/
Read moreThe U.S. power grid saw more reported physical and computerized attacks in the first eight months of 2022 than the whole year before — a count that doesn’t include December incidents in North Carolina and Washington.
Read moreU.S. grid regulators are examining the fallout from a wave of extreme cold that knocked out power to more than 1.6 million U.S. customers over Christmas weekend and raised urgent questions about grid reliability.
Read moreNatural Gas: $7.70 DOWN TO $4.15, THE MARKET KEEPS FALLING. MILD TEMPS AND FREEPORT LNG REOPENING DELAY ARE RESPONSIBLE. WEATHER: HIGHER THAN AVERAGE TEMPS STICK AROUND. The warmer weather, combined with the delay, yet again, of the reopening of the Freeport LNG facility, now delayed to mid-January, have sent prices spiraling down to $4.19 and…
Read moreTHE NATURAL GAS MARKET CONTINUES TO PLUMMET THE MARKET HAS DROPPED ALMOST $2.00 IN 12 DAYS NATURAL GAS STORAGE REPORT Last week’s withdrawal of -87 Bcf from storage was well below the five-year average of -124 Bcf. This lighter-than-average withdrawal put our storage at .07% above the five-year average. This is the first time we have…
Read moreHenry Hub: Natural Gas Market GAS STORAGE ALMOST EQUAL TO LAST YEAR & THE FIVE-YEAR AVERAGE EAST WILL SEE HIGH DEMAND IN THE NEXT WEEK Electricity: FirstEnergy Auction FirstEnergy is holding its second and final auction for next year on January 10 and should be announced shortly after. The first auction in October 2022 came…
Read moreA consulting firm defends its analysis of Texas’ electric grid against criticism that its weather data did not include the 2021 winter storm that devastated the state’s grid. The story >>
Read moreA state audit earlier this year found FirstEnergy charged Pennsylvania customers $2.4 million in “inappropriate costs” related to an ongoing criminal investigation of the utility in Ohio. The latest >>
Read moreA new state report shows that Pennsylvania natural gas cost 94% more in the third quarter of 2022 than in the year-prior period, with less overall gas produced even with 42% more wells drilled.
Read more“Supply chain snags, rising costs and extreme weather are likely to continue plaguing the power sector,” Deloitte said. “But promising trends in innovation and investment, buoyed by recent legislation, can help the sector fulfill its mission.” The story >>
Read moreCOLD FRONT TURNS THE NATURAL GAS MARKET UPWARD WEATHER: COLDER TEMPS, HIGHER DEMAND ON THE WAY. The cold front will cover the U.S. for at least 14 days, increasing heating demand and raising Natural Gas prices. NATURAL GAS STORAGE REPORT: EIA Electricity PJM BGE FORWARD POWER PRICING PJM ADHUB FORWARD POWER PRICING
Read moreThe experiment result would be a massive step in a decadeslong quest to unleash an infinite source of clean energy that could help end dependence on fossil fuels. Researchers have attempted to recreate nuclear fusion for decades – replicating the fusion that powers the sun. https://www.cnn.com/2022/12/12/politics/nuclear-fusion-energy-us-scientists-climate/index.html
Read moreThe Ohio Senate could vote today to redefine “green energy” to include natural gas and open gas drilling in state parks. The story >>
Read moreNatural Gas: Freeport LNG: Another production restart delay to year’s end Freeport LNG on Friday again delayed the restart of the second-biggest U.S. liquefied natural gas (LNG) export facility, moving its forecast for resuming processing to year’s end, pending regulatory approval. Freeport LNG shut the Texas plant on June 8 after an explosion and fire…
Read moreFederal energy regulators approve a “first-ready, first-served” interconnection review process for PJM Interconnection as the grid operator digs out of its backlog; new requests won’t be reviewed until early 2026. The full story >>
Read moreThe U.S. EPA’s recent denial of a plan to continue dumping toxic coal ash from Ohio’s largest coal plant into an unlined pond could doom the power plant and carries ramifications for Georgia Power’s plans to leave coal ash buried in place.
Read moreLiquefied natural gas (LNG) import capacity in the European Union (E.U.) and the United Kingdom (U.K.) will expand by 34%, or 6.8 billion cubic feet per day (Bcf/d), by 2024 compared with 2021, according to the International Group of Liquefied Natural Gas Importers (GIIGNL) and trade press data. Learn More >>
Read moreNatural Gas News: Freeport LNG targets mid-December restart for Texas export plant. U.S. liquefied natural gas (LNG) company Freeport LNG said it was targeting a mid-December restart for its Texas export plant, which has been shut for six months after a fire, pending regulatory approval. Freeport, the second-biggest U.S. LNG export facility, closed in June…
Read moreThe Illinois Attorney General and Public Citizen contend FERC should order Dynegy to disgorge $428.6 million. Vistra, which bought Dynegy, denies the allegations. The story >>
Read morePennsylvania-based Hershey says its solar development and energy and water optimization projects have sharply reduced its emissions.
Read moreNatural Gas Headlines: Henry Hub The 12-Month natural gas futures strip closed at $5.41 per MMBtu, an increase of $0.01 per MMBtu compared to the prior week. Additionally, the 12 Month strip increased by $0.01, the 2023 strip decreased by $0.00; the 2024 strip increased by $0.02, and the 2025 strip increased by $0.05. Natural…
Read moreAmerican and Canadian officials announced plans to establish a green shipping corridor along the Great Lakes and St. Lawrence River that relies on zero-emission fuels and technologies to reduce or eliminate emissions. https://www.nny360.com/news/stlawrencecounty/great-lakes-st-lawrence-green-corridor-initiative-announced-at-u-n-conference/article_4f40d19a-39b9-508b-aece-e91dfc3bf28f.html
Read moreU.S. heating oil prices were 65% higher this October than in October of last year, according to our Heating Oil and Propane Update (HOPU). Residential heating oil prices rose to an annual high of $5.90 per gallon (gal) on November 7, 2022, because of tight inventories, low imports, and limited production capacity. The complete story >>
Read moreCritics say an Ohio gas utility’s plan to raise fixed costs by up to $20 a month is “obscene” and would hit ratepayers twice on top of skyrocketing fuel costs.
Read moreU.S. natural gas exports established a new record in 2021, averaging 10.5 billion cubic feet per day (Bcf/d). This volume was driven by record LNG exports, including significant delivery growth to Asia and Europe. Also, growing volumes of U.S. LNG have been imported into Europe to build up storage inventories in Europe, which were low…
Read moreElectricity Headlines: Forward Power Price Forward power prices were down in all regions besides ERCOT and CAISO which saw increases of 3.3%-4.1% and 3.2%-3.5%, respectively. MISO prices fell 1.3%, and PJM fell between 0.8%-.0.9% The EIA reported that U.S. electricity customers averaged seven hours of power interruptions in 2021 Weather: Outlook for November 14-20: Colder…
Read moreAttorneys for former House Speaker Larry Householder seek to block the admittance of a deferred prosecution agreement involving FirstEnergy as evidence during his upcoming racketeering trial. #ohio #hb6 #ohioenergynews
Read moreAs Dominion Energy looks to reverse several years of underperforming stocks, the utility reportedly may sell its shares in the Cove Point liquefied natural gas facility in Maryland’s Chesapeake Bay.
Read moreNatural Gas Headlines: WORKING NATURAL GAS STOCKS POST SECOND-LARGEST WEEKLY NET INCREASE ON RECORD SUPPLIER STORY: AEP RECENT NATURAL GAS PRICING On Monday, November 7, markets are rallying to start the week following a sizeable weather-driven demand gain in weekend weather model runs for the 6–15-day period. As a result, in December 2022, natural gas…
Read moreDetroit-based DTE Energy plans to invest $9 billion over the next decade to “drastically transform” its generation mix, including retiring its largest coal plant 12 years earlier.
Read moreThe North American Electric Reliability Corp. (NAERC) releases a roadmap of steps needed to add tens of thousands of megawatts of distributed energy resources to the power system through 2031. https://www.utilitydive.com/news/nerc-warns-of-cybersecurity-reliability-risks-DER-strategy/635673/
Read moreNovember 3, 2022 ScaleCo Management LLC is pleased to announce its investment in, and partnership with, Total Procurement Intelligence (“TPI Efficiency”). This is ScaleCo’s 22nd platform investment and third investment from ScaleCo Fund IV. Headquartered in Cleveland, TPI Efficiency was founded in 2009 by Mr. Roger Zona. Zona has developed TPI Efficiency into a robust…
Read moreA public health advocacy group says PFAS “forever chemicals” in Ohio oil and gas wells threaten drinking water supplies as industry groups downplay a recent study.
Read moreNatural Gas Key Takeaways Prompt month NYMEX natural gas settled at $5.20/MMbtu on Monday, October 24, up $.24/MMbtu. After several very bearish sessions, near-month (November) NYMEX futures reversed direction on Monday, settling higher at the end of the day. Prompt-month NYMEX traded up $.16/MMbtu in early morning trading at $5.37/MMbtu. Calendar year 23-27 settled at…
Read moreLarge-scale solar development is a key consideration in a southwestern Ohio county’s future planning document. More >>
Read moreEnvironmental advocates fear that investors’ push for oil and gas companies and utilities to reduce carbon emissions has led to the sale, and potentially prolonged use, of their fossil fuel assets.
Read moreOhio Electricity Rates More than Double By Summer Ohio FirstEnergy customers will see their electric bills rise starting next summer, as the Akron-based utility has purchased some of its electricity at more than twice the price it’s paying now. During the October 4th auction, FirstEnergy agreed to pay an average price of $122.30 per megawatt-hour for delivery…
Read moreThe National Renewable Energy Laboratory estimates the U.S. offshore wind industry will provide up to 58,000 full-time jobs each year beginning in 2024, mostly in manufacturing.
Read moreWeather Outlook: Brrr! Frost and freeze conditions are forecast early this week across portions of the Plains, Mississippi Valley, Ohio Valley and Tennessee Valley. Mild to warm weather for the remainder of the week across the Midwest, East and South will allow some late-season cooling demand along the Gulf Coast and back into Texas, but…
Read moreOhio ratepayers remain on the hook for potentially rising costs related to coal plant subsidies approved under Ohio’s House Bill 6 as state regulators fail to take action in multiple cases. #HB6 #ohio #energynates #firstenergy
Read moreEIA Winter Fuel Outlook: EIA expects most U.S. households will spend more on energy this winter. The story: https://www.eia.gov/todayinenergy/detail.php?id=54219
Read moreWeather Forecast: Below Average Temperature Outlook Hurricane Ian directly hit Fort Myers and Sanibel Island, Florida, late last week, causing devastating damage to property and infrastructure. The storm knocked out power to more than 2 million Florida residents. Weather in the Midwest and East is mainly seasonal, with some frost warnings in the midwest this…
Read moreCommentary: Maryland regulators shouldn’t upgrade state gas utilities’ distribution systems to spare customers from the associated bill hikes when the future of that infrastructure is in limbo, a consumer advocacy group writes.
Read moreDuke Energy ups 10-year capital spending plan to $145B to modernize the grid and move to zero-carbon generation; 85% of the spending will go toward grid modernization and the company’s transition toward decarbonized generation. Read at Utility Drive >>
Read moreWeather: ABOVE-AVERAGE TEMPS IN PACIFIC NORTHWEST MEANS LESS HEAT DEMAND Pricing dropped almost 33% in September. Strong production, mild weather, and Hurricane Ian all combined to bring the Natural Gas Market down by almost $3.00 during September. Take advantage of this now. This drop is temporary. Winter weather is coming, which will mean higher demand…
Read moreOctober Is Energy Awareness Month October brings with it many things. Fall leaves, football games, sweater weather, pumpkin spice EVERYTHING, Halloween, and National Energy Awareness Month is the most important. As the temperatures drop and the thermostats get turned up, it’s the perfect time to think about becoming energy efficient. Energy Awareness Month was first…
Read moreSeptember 27, 2022 CLEVELAND – Today, TPI announced multi-year partnerships to become the Official Utility Consultant of the Cleveland Browns and the Official Utility Consultant of the Columbus Crew. TPI Efficiency is the first organization to concurrently agree to new partnerships with the two professional sports teams operated by Haslam Sports Group (HSG). As the…
Read moreWeather: PEAK HOURS FOR HEAT GETTING SHORTER While temperatures remain above average for most of the country, the afternoon peak temperatures are not lasting as long as we move into fall and earlier sunsets. This has led to less cooling demand and more substantial storage reports. NOAA TRACK OF HURRICANE IAN Tropical Storm Ian, forecast…
Read moreMinnesota Gov. Tim Walz announces an updated statewide climate plan that strengthens emission-reduction targets and seeks to tackle transportation emissions. Read the article >>
Read moreA gas utility warns that gas prices could further rise because of increased reliance on the fuel and New England utilities competing for shipments constrained by pipeline availability. No matter where you are, don’t go into this heating season alone and face unpredictable energy rates. TPI’s energy experts can help you find the best utility…
Read moreCuyahoga County plans to use microgrids to improve grid resilience for manufacturers and critical industrial operations in the Greater Cleveland area.
Read morePennsylvania regulators issue a $1 million fine to a renewable energy supply for thousands of marketing violations and creating accounts for customers without their knowledge.
Read moreMARKET DROPS AFTER POSSIBLE RAIL STRIKE AVERTED A DROP IN PRICING DROPPED AFTER BOTH SIDES AGREED TO SETTLE An imminent rail strike sent prices soaring on Wednesday and crashing back just as fast when they averted the strike after a 20-hour negotiating session in Washington, DC. The strike would have significantly impacted rail transportation of…
Read moreIt’s not just big business clients that we’re able to help save money. Here’s a TPI Success Story: We saved nearly $43,000/year for a family-owned restaurant after our fiscal audit! Reach out to us for more info or to start your risk-free audit!
Read moreEIA: More natural gas rigs are now operating in the United States than before the pandemic
Read moreThe average price of electricity for residential consumers could reach $0.1524/kWh in 2023, the U.S. EIA forecast on Thursday in its latest Short Term Energy Outlook. That would represent about a 3.3% increase from this year — and EIA says prices are already 7.5% higher today than in 2021.
Read moreThe EIA reports that in the first half of 2022, 24% of U.S. electricity generation came from renewable sources. https://www.eia.gov/todayinenergy/detail.php?id=53779
Read moreNatural Gas: MARKET HOVERING AROUND $8.00 STRONG PRODUCTION NUMBERS BRING THE NATURAL GAS MARKET DOWN Production numbers remained strong last week, and the upcoming fall temperatures helped limit any growth in the market as the market dropped on Monday and hovered around $8.00 Production topped 100 Bcf/d at points during the week, reaching highs for…
Read moreGrid operator MISO for the first time will allow energy storage resources to participate in its energy and operating reserve markets.
Read moreClean energy helps address climate change and also reduces public health risks from air pollution, an Ohio policy analyst writes. #energynews #cleanEnergy #opinion #climatechange #publichealth
Read moreSUMMER TEMPS REMAIN HIGH INTO MID-SEPTEMBER Weather remains in the 80s – 90s in the South and Southwest. These temperatures are a break from the triple-digit weather they have seen much of the summer. In addition, with milder temperatures in the Great Lakes and Northeast, national demand has declined, helping our storage numbers. VOLATILITY CONTINUED…
Read moreEIA Report: As of July 2022, the United States has more LNG export capacity than any other country and has exported more LNG than any other country.
Read moreA research team that included University of Maryland engineers has discovered a way to make biodegradable battery components out of crab, lobster shells, and zinc. https://www.thedailybeast.com/the-future-of-renewable-energy-may-be-this-battery-made-from-crab-shells
Read moreIn November, Maryland regulators will consider removing pandemic-era measures that protect ratepayers from utility shutoffs, like low-income resident payment plans. Learn more >>
Read moreToday, TPI Efficiency is officially a teenager! Thank you to all the customers and employees who have helped us over the past 13 years! With endless gratitude, The TPI Efficiency Team
Read moreDevelopers of the first Great Lakes offshore wind project have a “new lease on life” as they revamp the project after a favorable ruling from the Ohio Supreme Court this month.
Read moreFrom Energy News Network: The growing need for air conditioning in Ohio schools shows one way climate change is increasing costs to local taxpayers across the country.
Read moreElectric bills more than doubled in New Hampshire, blamed on the natural gas market.
Read moreWEATHER UPDATE: WARMER TEMPERATURES COVERING MOST OF THE US In an era of persistent demand and hot summers, pricing is expected to remain high. Especially as July came in as the third hottest on record. Experts predict the supply concerns and increased demand for LNG could eventually drive pricing up this winter past $13.00 With…
Read moreToday 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 4:00 PM-5:00 PM. Demand across the PJM grid is expected to reach 142,496 MW today! Therefore, TPI…
Read moreWE’RE BACK TO HIGHER-THAN-NORMAL TEMPS ACROSS THE US In an era of persistent demand and hot summers, pricing is expected to remain high. Especially as July came in as the third hottest on record. Experts predict the supply concerns and increased demand for LNG could eventually drive pricing up this winter past $13.00 OCTOBER RE-OPENING…
Read moreOne utility company, Philadelphia Gas Works, proposes capping its weather normalization adjustment to no more than 25% of a customer’s monthly delivery charge to prevent exorbitant future fees. Learn more >>
Read moreProposed legislation would allow the Ohio Consumers’ Counsel to nominate members to the Public Utilities Commission to tighten oversight following the HB 6 scandal. More >>
Read moreEIA expects renewables to account for 22% of U.S. electricity generation in 2022! The details >>
Read moreLOW STORAGE REPORT AND PRODUCTION MAINTENANCE SENDS THE MARKET HIGHER INCONSISTENT PRODUCTION KEEPS THE PRICING HIGH The market jumped more than a dollar last week as production cutbacks interrupted day-to-day production. As a result, the market moved more than a dollar from Tuesday to Friday. The South and Midwest see cooler temperatures, but much higher…
Read moreMarket 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…
Read moreEroded trust in the Public Utilities Commission of Ohio leaves consumer advocates skeptical of a recent rate increase request by the state’s largest gas distributor.
Read moreRussia’s natural gas pipeline exports to Europe declined to almost 40-year lows. The Story >>
Read moreThe EIA’s llatest Natural Gas Pipeline Project Tracker includes five new projects—four newly announced projects and one project under construction—since the last update in April 2022. Of the four new projects, three will expand capacity for existing pipelines, and one will be a new pipeline. If completed as planned, these five projects together would increase…
Read moreAn Ohio program awards grants to public transit pilot projects that promote social equity and greenhouse gas reductions while also helping employers attract and retain talent. Low-income workers have long faced a transportation dilemma: “No car, no job; no job, no car.” Pilot projects showed how innovative transit programs can help employers as well.
Read moreDuke Energy requests an additional 7.2% rate hike, citing rising fuel prices. The request would add to the already-approved 16% increase. https://www.wrtv.com/news/state-news/duke-energy-requests-additional-7-2-rate-hike-citing-rising-fuel-prices
Read moreToday 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…
Read moreAs Philadelphia’s summers get hotter, some neighborhoods suffer from the heat island effect and the inability to upgrade or install air conditioning.
Read moreTHE 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,…
Read moreThe EIA reports that small-scale solar is changing hourly utility electricity demand in New England.
Read moreMaryland’s largest county mulls a building code update to require all-electric construction and renovations, with exemptions for businesses like crematoriums and commercial kitchens.
Read moreELECTRIC VEHICLES: Pennsylvania’s registered electric vehicle count has tripled since early 2019, leading state transportation officials to file a plan to build at least 5,000 new chargers across 2,000 sites in the next six years
Read moreOhio isn’t known for its sun, but it ranks 8th among states when it comes to solar-related jobs.
Read moreCourt documents show former FirstEnergy CEO Chuck Jones told the utility’s executive council about a $4.3 million payment to former regulator Sam Randazzo in December 2018, nearly two years before it was publicly disclosed.
Read moreEIA reports that battery systems on the U.S. power grid are increasingly used to respond to price, with the capacity of utility-scale battery storage more than tripled in the United States in 2021, from 1.4 gigawatts (GW) at the end of 2020 to 4.6 GW.
Read moreThe EIA reports that the United States became the world’s largest liquefied natural gas (LNG) exporter during the first half of 2022, according to data from CEDIGAZ. The story >>
Read moreA developer details plans to burn solid waste to produce steam and natural gas at a former power plant in Youngstown, Ohio. The story: https://www.wkbn.com/news/local-news/residents-want-more-information-on-renewable-energy-system-taking-over-youngstown-thermal-plant/
Read moreTHE 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…
Read moreEvergy officials say investments in predictive maintenance, grid modernization and diversification have already reduced the quantity and scope of outages this summer.
Read moreTPI Efficiency would like to congratulate four members of its team in earning the Association of Energy Engineers, Certified Energy Procurement Professional certificate. Individuals traveled to Dallas, Texas this May to complete the training and gain eligibility to take the exam, which every member passed in their first attempt. TPI Efficiency’s CEO and Founder, Roger…
Read moreIn the latest EIA report on energy consumption, 2020 saw a decline by a record 7.5% in the United States, primarily due to pandemic effects and relatively warmer weather.https://www.eia.gov/todayinenergy/detail.php?id=53119
Read moreConnecticut’s attorney general and Eversource reached a $1.8 million settlement over the utility’s allegedly misleading statements regarding natural gas conversions that violated the state’s unfair trade practices rules.
Read moreSolar energy plays a “major role” in stabilizing Texas’ power grid amid record-breaking heat, providing 4 to 5 gigawatts of power.
Read moreIn a nationwide first, a new Vermont law prohibits linear fluorescent bulbs beginning in 2024, earning praise from efficiency advocates. Learn more about TPI Efficiency’s LED Lighting and upgrading your space.
Read moreCounty officials in central Ohio approve an agreement with a solar developer planning a 100 MW project with a 20.3 MW battery storage component.
Read moreSince installing a 23 MW gas and solar-powered microgrid last year, officials with the Pittsburgh International Airport say the facility has saved over $1 million on energy costs.
Read morethe EIA reports that U.S. natural gas supply and demand balance shifts amid an outage at Freeport LNG.
Read more⚠️ Peak Demand Outlook for Week of July 18, 2022 This week’s heatwave could likely lead to three or four of the five peak demand days for 2022. In the last two years, we haven’t had a peak demand day below 140,782; our current peak days year-to-date have a high of 139,307. Each of the…
Read moreTHE NATURAL GAS MARKET SLOWLY CREEPING BACK HIGH DEMAND AND LOWER PRODUCTION PUSH THE MARKET UPWARD Numerous maintenance issues pushed production down from 96 to 94 Bcf. Coupled with near-record temperatures in a high-pressure hot zone that refuses to move, the market rose almost $1.00 last week The production drawback erased any benefits of the…
Read moreEIA: Second-quarter U.S. gasoline consumption has been less than during 2021
Read moreThe uncertainty around Pennsylvania’s entrance into a regional carbon pricing program makes it hard for carbon-based power generators in the state to price their offers in PJM Interconnection’s market.
Read moreThe EIA reported that U.S. monthly average Henry Hub spot price nearly doubled in 12 months.
Read moreMajor utilities, solar companies, storage developers, and other business leaders call on Congress to pass a reconciliation package that includes clean energy tax credits and incentives for energy efficiency and clean transportation.
Read moreAccording to an economic impact study completed by the developers, a 200 MW solar project planned in southeastern Indiana could add $38 million to the local economy and create 340 construction jobs.
Read moreGrid operator MISO tells federal regulators that it plans to wait until 2030 to allow aggregated distributed energy resources to participate in its power markets.
Read morePJM’s latest capacity auction keeping prices down for ratepayers shows that aging coal plants can retire without jeopardizing grid reliability, say clean energy advocates. Read the article here.
Read moreNew York utility regulators consider a massive bailout for small businesses and residential homes whose unpaid utility bills have ballooned to $2.3 billion throughout the pandemic. Read the story.
Read moreNatural 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…
Read moreThis 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…
Read moreA Consumer Reports survey finds more than a third of Americans would consider buying an electric car, a sharp increase from 2020.
Read moreAmerican Electric Power disconnected the power for nonpayment more frequently than any other Ohio utility last year, cutting off customers twice as often as the next highest utility, FirstEnergy. #power #ohio #energynews
Read moreHEAT 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…
Read moreA solar installation program in Washington, D.C., installs its first solar shingles, which will help slash energy bills for low-income customers in half. #solar #energy #solarshingles #solarenergy
Read moreA Maryland-based firm with an extensive commercial building portfolio in the Washington, D.C., area will purchase renewable energy credits to offset most of its power use in 2022. Read the article. If you’re interested in renewable solutions, our team of Energy Consultants can help you navigate to the right solution.
Read moreCompanies plan to invest more than $700 million to boost U.S. manufacturing capacity for electric vehicle chargers, adding at least 2,000 jobs while making charging stations more accessible. https://www.reuters.com/business/autos-transportation/white-house-says-companies-investing-700-million-boost-ev-charger-production-2022-06-28/
Read moreOhio utilities collectively seek $400 million in additional annual charges from customers as part of rate increase requests, which critics say come as inflation is already hurting consumers.
Read moreThe EIA has reported that nine new Gulf of Mexico natural gas and crude oil fields to start in 2022 https://www.eia.gov/todayinenergy/detail.php?id=52819
Read moreAfter several customers have received inaccurate bills in recent weeks, a newspaper explains what to do if the weather normalization adjustment on your gas bill seems wrong.
Read moreAccording to the U.S. Energy Department report, renewable energy sector jobs grew in 2021, while fossil fuel jobs declined even as production increased.
Read moreHEAT PERSISTS THROUGH TEXAS AND THE PLAINS STATES JULY MARKET CONTINUES TO SLIP DOWNWARDS FREEPORT AND EASING WEATHER EXTREMES From a high of $9.54 on June 8th, when the Freeport facility suffered the explosion, the market dropped $3.45 in less than three weeks. While the slide has slowed, easing extremely hot weather forecasts has helped…
Read moreAccording to the EIA, the recent fire at the Freeport terminal means 17% of all US LNG exports have shut down.
Read moreCapacity prices in most of the grid operator PJM’s territory fell to a 10-year low amid a surge in power generation.
Read moreReducing large commercial and residential buildings’ energy usage is a key first step cities can take to reduce their carbon emissions, says an analyst with a clean energy advisory firm.
Read moreTPI Takeaway WARMER TEMPERATURES COAST TO COAST WILL RESULT IN HIGHER DEMAND Despite the drop in Natural Gas which has historically been a massive driver of electricity prices, the cost of electricity continues to rise. This is primarily due to extreme temperatures and demand from coast to coast. This summer is predicted to be a…
Read moreThe EIA has forecast that electricity prices in the Northeast regions (ISO New England, New York ISO, and PJM markets) will exceed $100 per megawatt-hour (MWh) between June and August 2022. Read More >> Complete Details
Read moreToday’s Peak Demand window is 3:00 PM – 6:00 PM EST, with demand expected to exceed 143 GW. TPI Efficiency urges you to consider reducing consumption during the forecasted peak timeframe. Remember: Capacity makes up ~30% of your total supply cost per kWh; future capacity tags and cost could be impacted! Learn more about…
Read moreEIA reports that European liquid natural gas (LNG) imports set an all-time historical record high in April 2022 The details: https://www.eia.gov/todayinenergy/detail.php?id=52758
Read moreRECORD HEAT CONTINUES THROUGH THE PLAINS STATES AND TEXAS Even with 1/6th to 1/7th of exports off the board, record heat in the South and in the Plains states continues to drive pricing. Cooling demand is here and here to stay for the next few months. EXPLOSION AT FREEPORT LNG FACILITY SENDS MARKET TUMBLING FREEPORT…
Read moreA New York town decides to spend roughly $587,000 to swap all its street lights with LED bulbs, a change estimated to save $22,000 a year. https://poststar.com/news/local/warrensburg-to-convert-all-streetlights-to-leds/article_0e558cba-e84c-11ec-bbad-7723df2161d2.html
Read moreAccording to the EIA, U.S. refinery utilization will be relatively high this summer in response to high wholesale prices for petroleum products, such as diesel and gasoline, which have increased more than the crude oil used to make them. https://www.eia.gov/todayinenergy/detail.php?id=52718
Read moreDuring the first four months of 2022, the United States exported 74% of its liquefied natural gas (LNG) to Europe, compared with an annual average of 34% last year. https://www.eia.gov/todayinenergy/detail.php?id=52659 #EIA #LNG #naturalgasexports #europe #naturalgas
Read moreResearchers using their own local air monitoring systems in highly fracked areas of Ohio found that the U.S. EPA’s regional air quality monitors often miss variations in pollution at the local level. In Ohio, researchers find EPA data doesn’t tell the whole story on fracking pollution #quality #EPA #ohio #ohioenergynews #airqualitymonitoring
Read morePresident Biden is expected to announce a 24-month tariff exemption for solar panels imported from four Southeast Asian countries and invoke the Defense Production Act to boost clean energy equipment manufacturing. https://www.reuters.com/world/us/exclusive-biden-use-executive-action-spark-stalled-solar-projects-amid-tariff-2022-06-06/ solar #inthenews #energynews #solarenergy
Read moreFederal officials will conduct an environmental review of what would be Maryland’s first offshore wind farm, with three virtual public meetings scheduled to explain the scope of their work. #offshorewind #environmental #maryland #energynews
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TPI Takeaway WARMER TEMPS FROM THE SOUTH WILL MEAN MORE COOLING DEGREE DAYS Warmer weather will increase the amount of demand for Natural Gas as air conditioners turn on all over the country. This higher demand could push the market above $9.00 this week. MARKET BOUNCES IN MID $8.00 RANGE, AND WILL LIKELY MOVE HIGHER…
Read moreWith Summer Around The Corner and Energy Prices More Volatile Than Ever, Here Are A Few Strategies To Consider To Gain Control Of Your Energy Spend: If you haven’t already, explore energy efficiency, LED updates or solar opportunities to help reduce overall consumption and peak energy usage. Many suppliers have on-bill funding options with no…
Read moreOhio legislation would allow utilities to pass on electric vehicle charging station costs to customers while creating a $2,000 sales tax rebate for vehicle buyers. https://www.cleveland.com/news/2022/05/proposed-ohio-law-would-let-power-companies-bill-customers-for-utility-owned-charging-stations.html
Read more“When all Americans are treated as equal, no matter who they are or whom they love, we are all more free.” – President Obama Remember, you’re not walking your path alone.
Read moreBy layering multiple health, economic and environmental indicators, increasingly sophisticated digital mapping tools are helping cities and community groups identify and respond to environmental injustices.
Read moreEIA reports that FERC Approves new natural gas pipeline projects to increase exports.
Read moreThe U.S. Energy Department seeks an unprecedented expansion of high-voltage electricity lines to carry clean power by prioritizing shovel-ready projects and seeking state support for interregional connections.
Read moreNatural Gas WINTER 22-23 WORRIES CONTINUE TO PRESSURE THE MARKET UPWARDS NO RELIEF IN SIGHT. Worries about the lack of injections and possible storage shortages for next winter kept the Natural Gas price hovering near $8.00 for the week. Increased LNG exports will make up the bulk of increased demand in 2022, keeping pricing high…
Read moreWhat’s causing prices to rise and what can you do to ease the effects on your bill?
Read moreSeven gas and electric companies cut off 270,000 Ohioans amid the pandemic and still saw billions in profit
Read moreHBO’s Last Week Tonight with John Oliver discussed the incredible amount of power we give electric utility companies, how weakly regulated they are, and more! https://loom.ly/B-dVCQA
Read moreEIA PROJECTS ABOVE $8.00 PER MMBTU FOR THE 2ND HALF OF 2022 PRICES WILL HURT UNTIL SPRING 2023. The EIA is projecting that average pricing will be $7.83 in 2Q 2022 and will average $8.59 in the second half of 2022 Pricing in 2023 will average $4.74 once production begins to catch up to demand.…
Read moreElectricity prices jumped 51%, to $80.28/MWh, in the first quarter of 2022 from $53.30/MWh in that period a year ago in the PJM Interconnection wholesale market, partly driven by an increase in natural gas prices, the grid operator’s market monitor said in a reportreleased Thursday. In New England, wholesale power costs soared 83%, to $137/MWh, in…
Read moreIn 2021, U.S. energy-related carbon dioxide (CO2) emissions increased by 296 million metric tons (MMmt), or 6%, compared with 2020 levels. Learn More: https://www.eia.gov/todayinenergy/detail.php?id=52380
Read morePJM Interconnection unveils its plan to handle the retirement of fossil fuel plants, the expansion of offshore wind and other clean energy, and vehicle and building electrification.
Read moreEIA reports Natural gas consumed by U.S. electric power sector sets a January 2022 record
Read moreThe U.S. is on track to see electricity prices rise this summer, with New England likely to see increases as much as 15% due to high natural gas costs.
Read moreEIA report: In 2021, the value of energy trade between the United States and Canada rose from 2020 lows. The details: https://www.eia.gov/todayinenergy/detail.php?id=52338
Read moreNatural Gas: STORAGE WORRIES FOR NEXT WINTER CONTINUE TO INFLATE MARKET SOME RELIEF MAY BE ON THE WAY. Worries about Natural Gas Storage for Winter ‘22-’23 sent the market peaking above $9.00 last week, ever closer to a record high of $15.78 in December 2005 and the highest since 2008. The outlook does not look…
Read moreThe developer of a proposed utility-scale wind project in Ohio writes that the economic benefits of the proposal are getting lost in local debates over the project.
Read moreA Columbus, Ohio suburb grows the number of publicly available electric vehicle charging stations through a rebate program. https://www.dispatch.com/story/news/local/communities/westerville/2022/05/04/charged-up-city-provides-more-locations-ev-owners-plug/9645459002/
Read morehttps://www.rtoinsider.com/articles/30046-maryland-ghg-cuts-beat-2020-goal Maryland reduced its greenhouse gas emissions by 32% from 2006 to 2020, bounding past its goal of a 25% cut by that year.
Read moreThe Biden administration announces $3.1 billion in grants to help develop a domestic supply chain that can manufacture and recycle electric vehicles and energy storage batteries.https://www.ee news.net/articles/biden-admin-offers-3-1b-for-domestic-ev-batteries/
Read moreWeather: AVERAGE TEMPERATURES THROUGHOUT AS THE AVERAGE TEMP RISES. We can look forward to milder weather, with the last of the sub-freezing cold fronts hopefully past. Unfortunately, the late start to warmer temperatures has kept heating demand high, adding to our supply woes that are the worst since at least 2018. WHAT GOES UP MUST…
Read moreFrank Lloyd Wright’s Fallingwater property in western Pennsylvania now runs entirely on clean energy after installing a solar array.
Read moreThe DOE Announced New Cost-Saving Energy Efficiency Standards for Light Bulbs https://www.energy.gov/articles/biden-administration-implements-new-cost-saving-energy-efficiency-standards-light-bulbs
Read moreAmid a coal boom, one of the U.S.’s biggest coal companies is setting aside profits to prepare for its eventual shutdown.
Read moreColumbus, Ohio, keeps getting hotter, with annual average temperatures have increased 3.7 degrees Fahrenheit since 1970; an analysis finds #climatechange #ohio #inthenews
Read moreIn Baltimore, The National Aquarium’s operations announced it will achieve net-zero emissions by 2035—a significant milestone in our commitment to combat climate change. More: https://aqua.org/stories/2022-04-22-national-aquarium-will-be-net-zero-by-2035
Read moreWHAT GOES UP, MUST COME DOWN …AT LEAST TEMPORARILY PROFIT-TAKING DROPPED THE MARKET BY ALMOST $1.50 LAST WEEK. After climbing more than a dollar the previous week, the market reversed course, dropping from $8.07 to $6.59 this past week.The drop-off was caused mainly by investors selling off and taking profits after a near-record run of…
Read moreIf you aren’t on a locked-in rate, hope your budget is ready for this: http://ow.ly/HHHR50IPJaS Reach out today to avoid the unexpected jump in your energy spend!
Read moreHappy Earth Day 🌎! Did you know that green/carbon-free energy is more affordable than ever? Reach out to TPI at 1.877.244.0182 for more details! https://lnkd.in/g3gsEVJ#energy#options#earthday2022#gogreen2022
Read moreTwo recent federal reports show the U.S. grid isn’t prepared to handle the massive influx of proposed clean energy projects due to longstanding interconnection barriers. https://www.canarymedia.com/articles/transmission/the-us-has-more-clean-energy-projects-planned-than-the-grid-can-handle
Read moreEIA: Liquefied natural gas exports continue to increase U.S. natural gas exports. https://www.eia.gov/todayinenergy/detail.php?id=52118
Read moreA 60-story skyscraper planned for New York City is set to be the metropolis’ largest completely electric building. Check it Out!
Read moreSolar advocates say a “program-killing” monthly fee proposed for participants in a Dominion Energy shared solar program would prevent Virginia apartment residents from receiving the financial benefits of solar power.
Read moreThree years after Ohio’s House Bill 6 power plant bailout legislation was introduced, the law remains on the books despite triggering the largest corruption case in state history.
Read moreThe EIA is reporting that residential heating oil and propane prices end the winter season higher than last winter.
Read moreMARKET CONTINUES TO SHOOT SKYWARD, PASSING $7.00 THE NATURAL GAS MARKET ROSE OVER A DOLLAR LAST WEEK. Storage concerns for next winter continued to drive the price of Natural Gas up and up with no ceiling in sight. A combination of storage worries, Ukraine worries, and cooler weather sent the market up more than a…
Read moreOn Tuesday, March 29, wind turbines in the Lower 48 states produced 2,017 gigawatthours (GWh) of electricity, making wind the second-largest source of electric generation for the day, only behind natural gas, according to EIA’s Hourly Electric Grid Monitor. Daily wind-powered electricity had surpassed coal-fired and nuclear electricity generation separately on other days earlier this year…
Read moreAccording to stakeholder filings in a recent Federal Energy Regulatory Commission proceeding, there’s no one-size-fits-all solution to address growing concerns about electric grid reliability.
Read moreA new study ties the record-breaking 2020 Atlantic hurricane season and its heavy rainfall to climate change, demonstrating that the problem is not decades away but already here. Read the article. #climatechange #weather
Read moreEnergy News: E.U. Recommends Russian Ban The E.U. recommends a complete oil, gas, and coal ban on Russian energy. This recommendation carries no official weight, and, so far, only Russian coal has been sanctioned. But this recommendation is another step closer to Europe banning all Russian energy over the Ukraine invasion. The U.S. will have…
Read moreDon’t wait to get your natural gas rate locked in for the coming winter: PECO requests natural gas delivery rate increase. Bills could go up 13%!
Read moreA federal appeals court rules in Baltimore’s climate lawsuit against major fossil fuel producers and sellers by sending the case back to state court.
Read moreA company announces it will develop a 250 MW solar farm on 3,000 acres of a former West Virginia coal mine, which organizers say will be the largest solar project in the state. https://www.wvnews.com/news/wvnews/a-new-light-shining-over-west-virginia-seva-wv-will-develop-former-hobet-mine-site/article_a459e4de-b284-11ec-bb5d-8bf35eb79055.html
Read moreMore than 800 utility-scale, commercial rooftop, community solar, and solar storage projects in Virginia, Maryland, and Pennsylvania are waiting in queue with transmission organization PJM Interconnection. https://www.bayjournal.com/news/climate_change/more-than-800-solar-projects-in-bay-states-stuck-waiting-for-review/article_71a4375a-af6a-11ec-9071-03d4665eb07b.html
Read morePECO to support commercial EV charging with a rebate program. The utility provides upfront cost relief for commercial vehicle level 2 charging stations.
Read moreAn Ohio manufacturer plans a $9 million expansion to produce steel back rails used in solar modules for First Solar, which also plans a large-scale development in Ohio. https://www.crescent-news.com/business/solar-company-announces-new-ohio-facility/article_3ec1e118-b161-11ec-8c14-0f2ce122ff55.html
Read moreCounty officials in northern Ohio prepare for public hearings on a plan that would effectively ban utility-scale wind as a developer pursues a 300 MW project https://www.bucyrustelegraphforum.com/story/news/2022/04/02/wind-turbines-crawford-county-ohio-honey-creek-wind-faq/9382089002/
Read morePECO to support commercial EV charging with a rebate program. The utility provides upfront cost relief for commercial vehicle level 2 charging stations. Read more: https://lnkd.in/g-e_Cz8M #EV #PAenergyNews #evcharginginfrastructure
Read moreWalt Disney World Resort to be powered up to 40% by the sun The Walt Disney World Resort is adding two 75-megawatt solar arrays to its renewable energy portfolio that, combined with existing infrastructure, will provide 40% of the park’s electricity. https://www.goodmorningamerica.com/travel/story/walt-disney-world-resort-powered-40-sun-83862584
Read moreHIGH POPULATION CITIES SHOULD SEE LOWER DEMAND Milder weather is projected for mid-April, but we may still see a withdrawal this week of 25-35 Bcf. This late cold snap is hurting our chances to rebuild gas storage for the upcoming winter, which may make for an even worse market than we had this past winter.…
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NATURAL GAS SNAPSHOT: MARKET IN A WATCH, WAIT AND SEE MODE Milder forecasts and higher European pandemic numbers, offset by higher-than-expected withdrawal, kept the market mostly waiting and seeing. We are close to a typical shoulder month in April. A shoulder month is a month typically low demand. Warm enough to turn off the heaters,…
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Procurement Risk Management: To address several internal and external challenges to a business organization, Total Procurement Intelligence includes procurement risk management in its consulting model. The process involves identifying, assessing, and controlling specific risks that could negatively impact an organization’s capital and income. How can procurement services help your business? It’s not just large businesses…
Read more Happy Pi Day! MILDER WEATHER SHOULD LEAD TO LOWER DEMAND ACROSS THE COUNTRY Milder weather is on the way soon. This should lower demand and may even lower Natural Gas prices. Later this week, a warmer weather pattern will arrive as high-pressure rules vast stretches of the country. Slow-moving mild and wet systems will linger…
Read more FEARS OF SANCTIONS ON RUSSIAN ENERGY DRIVE MARKET HIGHER STILL, NO ENERGY SANCTIONS, BUT SUPPORT IS INCREASING As the Russian invasion of Ukraine continues, multiple sanctions have been laid on Russia, so far to no avail. Energy sanctions on Russian energy are among the last resort as they will cause pain in Europe and the…
Read moreIn The News: The entire TPI organization condemns the invasion of Ukraine. 🇺🇦 The country and its people have our unwavering support. Wondering how you can help? Check out loom.ly/-CtKF8Y
Read moreNATURAL GAS: MARKET CONTINUES TO DROP EVEN AFTER RUSSIA INVADES UKRAINE WHY DID PRICES NOT SKYROCKET AFTER THE INVASION? Contrary to expectations, the price of Natural Gas did not increase significantly after the invasion of Ukraine. The main reason is that the sanctions placed on Russia, though they may be the toughest ever laid on…
Read more COLD FRONT AND GEOPOLITICS MAIN DRIVERS OF THE MARKET RIGHT NOW COLD FRONT KEEPS MARKET ABOVE $4.00 Last week, a sub-200 withdrawal of gas could not stop the market from climbing above $4.50 as the latest cold-front moves across the U.S. This latest front could have weaker effects at the end of February early March.…
Read moreThe EIA reports that generators in Texas meet electric demand, avoid widespread outages during the recent cold snap. The details
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As your business grows, you’re seeing increasing costs in your electricity bill. The larger the costs get, the more critical it becomes to manage them. Follow these tips for immediate short-term savings and long-term strategies for consistent financial gains to hack your bill and save money. Stop putting off that LED lighting project. LED replacements…
Read moreTPI wants to help you manage your capacity and even-increasing utility costs. Here are some of our best tips: Peak Demand Day Warnings There are several peak demand days throughout the year, and warnings are given in advance so you can make sure to adapt your business electricity demand appropriately. The RTO needs to supply…
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With a sharp jump in natural gas pricing and no relief in sight, TPI is urging our clients to investigate lowering their natural gas expenses as soon as possible. Since 2016, Natural Gas has been the primary source of Power Generation in the United States, surpassing coal-fired power plants for the title. That means Power…
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“I’m handing you ten $100 bills. You outstretch your hand, and I count them one by one as you grasp hold of the bills and put them in your pocket. What would you spend that $1,000 on?” Most people would pay off some debt (mortgage, car, or student loans), buy something nice, and finally…..TRAVEL. Sound…
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Any owner or financial services person within an organization, large or small, will tell you that utilities are some of the most significant chunks of their budget, after salary and related employee expenses. Keeping expenses in check has never been more critical with these budgets constantly under review. TPI Efficiency knows that most people have…
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