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Energy Market Snapshot: Feb. 12, 2024
NATURAL 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 Electricity, we see 2024 well below the f...
Utilities On Track for Energy Decarbonization Goals
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Super Bowl Goes Green! The game will be solar-powered.
Attention 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...
Energy Market Snapshot: Week of Feb. 5, 2024
EIA: 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 sell it where the highest profit is. ...
Energy Market Snapshot: Jan 29, 2023
EIA: 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 la...
The North American Electric Reliability Corp Plans For Reliability Standards
The 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, t...
Biden admin: $623M for EV Charging
The Biden administration announces $623 million in infrastructure funding to fill electric vehicle charging gaps in Ohio and other regions. Biden administration pours $623M into EV charging void
PJM Long-Term Forecast Released
PJM 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 Load Forecast Report, ...
FERC Approves Delay in New England Capacity Auction
Federal 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 >>
