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Market Snapshot / TPI Takeaway for Monday, May 16, 2022

In The News, Natural Gas, TPI Takeaway Market Snapshot, WeatherBy admin May 16, 2022 Leave a comment

EIA 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.…

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Power prices jumped 51% in PJM, and 85% in New England in Q1 due to rising gas prices.

Electriclty, In The NewsBy admin May 16, 2022

Electricity 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…

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U.S. energy-related CO2 emissions rose 6% in 2021

In The NewsBy admin May 14, 2022 Leave a comment

In 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

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PJM releases road map for creating ‘grid of the future’ to handle coming renewables, storage wave

Electriclty, EV Charging, In The News, Wind and Solar EnergyBy admin May 13, 2022 Leave a comment

PJM 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.

In The News: EIA Naturgal Gas Record

In The News, Natural GasBy admin May 12, 2022 Leave a comment

EIA reports Natural gas consumed by U.S. electric power sector sets a January 2022 record

15% Increase in Electric Rates Predicted in New England

Electriclty, In The NewsBy admin May 12, 2022 Leave a comment

The 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.

EIA Report: Canada and US Energy Trade

In The NewsBy admin May 10, 2022 Leave a comment

EIA 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

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Market Snapshot for Week of May 9, 2022

In The News, Natural Gas, TPI Takeaway Market Snapshot, WeatherBy admin May 9, 2022 Leave a comment

Natural 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…

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Ohio: Letter to Editor From Apex Clean Energy

In The News, Wind and Solar EnergyBy admin May 6, 2022 Leave a comment

The 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.

Market Snapshot / TPI Takeaway for Monday, May 16, 2022

Power prices jumped 51% in PJM, and 85% in New England in Q1 due to rising gas prices.

U.S. energy-related CO2 emissions rose 6% in 2021

PJM releases road map for creating ‘grid of the future’ to handle coming renewables, storage wave

In The News: EIA Naturgal Gas Record

15% Increase in Electric Rates Predicted in New England

EIA Report: Canada and US Energy Trade

Market Snapshot for Week of May 9, 2022

Ohio: Letter to Editor From Apex Clean Energy

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