The 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…
DetailsNYMEX 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…
DetailsExpected 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…
Details6-10 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…
Details⚠️ 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…
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DetailsWEATHER: 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…
DetailsNATURAL 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…
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