About 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 >>
Prompt-month NYMEX natural gas was trading at $3.79/MMbtu in morning trading, up $0.12/MMbtu as of 12:45 p.m. ET.
Natural 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…
DetailsClimate 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/
DetailsThe 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.
U.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.
Natural 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…
DetailsTHE 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…
DetailsHenry 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…
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