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| Friday Sep 25, 2015 | |
| The weekly EIA storage number posted a 106 BCF injection for the latest reporting period. This was anywhere from 6-8 BCF over market expectations and the highest number we have seen in some time. Such a change was mainly due to the power load shifting down, hence a big decrease in the overall power burns. Figure 1 | EIA Storage Numbers The thing that sticks out is the Producing region put in another 37 BCF this week, which adds to its growing storage level. Figure 2 | EIA Storage Numbers - Producing Region Over the past couple of weeks, we have been ... » read more | |
| Thursday Sep 24, 2015 | |
| CAISO LMPs increased for today as cleared demand jumped 2.4 GWs over the peak. Initially, the conditions seem very similar to earlier this week. Figure 1 | CAISO DA scheduled load Looking under the hood, the load is shifting lower in PGAE and higher down in Southern California as Burbank's highs are in the upper 90's. Such an event shifted the SCE load up 1,900 MW (at the peak) compared to Monday (21st). Figure 2 | SCE DA scheduled load The next piece if the engine is net virtuals, which saw the middle of the day shift down 1,100 MWa ... » read more | |
| Wednesday Sep 23, 2015 | |
| As August ended, the big question was what were the hydro operators going to do with storage in Canada and the United States. Now that we are going on the 23rd day of September, I thought it would be good to take a look at how things have played out. First, the total hydro output has averaged around 8800 MW across the 24 hour strip. This is right in-line with the EnergyGPS Long Term forecast model run that was released in mid-August. What is interesting is the flexibility the system has as he heavy load has been averaging over 11,000 MW over ... » read more | |
| Tuesday Sep 22, 2015 | |
| Going into this week, it was pretty much known that the AC (Paci) transmission line was going to be de-rated during a period of heavy load hours in some capacity. By all accounts, the estimated reduction of MWs was roughly 1,000 MWa. This held true for Monday's auction clears as Paci flows decreased by 800 MWa starting HE 8. Figure 1 | Paci Day Ahead Flows - Hourly With CAISO's load shifting up as well, due to the warmer weather, the grid was roughly 4,400 MWa shorter day on day when you look at load and Paci flows. Figure 2 | CAISO Day Ahead ... » read more | |
| Monday Sep 21, 2015 | |
| The entire continental United States is looking at moderate loads as we head into Fall. This was evident once again as you watched the NFL ticket and all the games on Sunday. From Buffalo, New York to games on the West Coast, the weather looked fantastic (unlike some of our favorite teams). This translates into moderate power load across the country, which can be seen in the EnergyGPS NG Power Load report below. Figure 1 | NG Power Load Report - Daily The only region that is seeing above normal temperatures right now is the state of California as ... » read more | |
| Friday Sep 18, 2015 | |
| With the latest EIA storage report showing another 21 BCF increase in the Producing region, the overall levels increased to 303 BCF over last year and 149 BCF over the 5 year average. Figure 1 | EIA Weekly Storage Breakout This might not seem like a big deal at first, but when you look at the progression over the past 6 weeks, things are back on track for storage levels to be at an all time high. Figure 2 | Producing Region Storage - Year on Year Looking at Figure 2, you can see back in April when this year crossed over the 2013 level and on track to ... » read more | |
| Thursday Sep 17, 2015 | |
| One of the main discussions heading into this fall was the anticipation of a high number of nuclear outages. Nuclear units must refuel every 18-24 months and need to come completely offline for weeks at a time in order to do so. Typically, these outages are clustered during the Spring and Fall shoulder months. Last spring saw the lowest nuclear outages in the last five years. As a result, planned outages this spring are expected to hit a 3 year high for the fall. Figure 1 | Forecasted Nuclear Outages (MW) - Daily Over the weekend ... » read more | |
| Wednesday Sep 16, 2015 | |
| With half of September in the books, the heat wave that hit the state of California last weeks continues to feel like a dream as scheduled demand this week has been quite a bit lower. In fact, Burbank even had some precipitation hit the area yesterday morning. Figure 1 | CAISO Load Forecast - Forecast vs Actual From a day-ahead perspective, schedule loads have shifted down over 16,000 MW at the peak and 10,000 MWa across the heavy load hours. Figure 2 | CAISO Day Ahead Scheduled Load Such a shift down only means one thing to the marginal heat rate in the ... » read more | |
| Tuesday Sep 15, 2015 | |
| Over the past couple of weeks, the majority of the continental United States (except for California) has been transitioning from summer like weather to that of fall. This is the usual time of year as the daylight hours are shrinking to a point that the sun is setting around 6:45 pm compared to 9:00 pm. An example of this transition is that of MISO, where the peak load on September 3rd hit 112.8 GW and by the 11th it fell to 81.2 GW. Figure 1 | MISO Actual Load/Wind Profile - Hourly One thing to notice in the graph above, albeit the peak demand has shifted ... » read more | |
| Monday Sep 14, 2015 | |
| With the NFL kicking off its regular season this past weekend, the NFL Ticket package was paid in full once again this season. I have to admit, the sole purpose of the package in our household is so we can watch every Green Bay Packer game live or recorded depending on the kids activities. What I have found out over the years of owning the package is I find myself flipping through the other games as well, not only to see who is beating who but to understand the real weather across the country. For example, at kick off yesterday Chicago was looking at ... » read more | |
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