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Friday May 7, 2021 |
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ERCOT forward pricing has always been a 'tale of two curves'. As anyone who tracks the ERCOT market knows, forward prices in the prompt year or two are based on expectations of marginal cost combined and scarcity. After the first couple of years, the forward curve rapidly declines, often reaching ...
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Thursday May 6, 2021 |
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Since the start of the year, the market conditions in California have been such that the Diablo Canyon Unit 2 facility was sitting on the sidelines most of Q1 and then the refueling period occurred as we rolled into Q2-2021 as well as the fact that the lack of hydro generation was being formed by ...
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Wednesday May 5, 2021 |
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Mexico is hot again, both literally and figuratively. Daily exports to Mexico have been repeatedly topping 6 Bcfd, lifting month-to-date levels about 0.9 Bcfd above last year, including many recent days of new record highs. With another early-season heat wave currently hitting the ...
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Tuesday May 4, 2021 |
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It was just over a year ago when the world was hit with a pandemic which caused the shut down of society. You could no longer go to a restaurant or the movies or even to work. The economy ground to a standstill as most were forced to survive at home. This drop in economic activity was most evident ...
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Monday May 3, 2021 |
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A few weeks ago, the EnergyGPS webinar titled 'The Magical Mid-c' covered some of the key components that make the Pacific Northwest a one of a kind market with its own contributing components. The one key component that sticks out is the hydro system as Mother Nature reshuffles her cards ...
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Friday Apr 30, 2021 |
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A key measure in an energy analyst’s toolbox for thinking about price and renewable curtailments is net load. Net load is a measure designed to capture the leftover demand needing to be satisfied after deducting the output from renewable resources such as wind, solar and soon to be ...
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Thursday Apr 29, 2021 |
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At times, it is hard to believe we are already at the end of April as it seems like it was yesterday that we were celebrating the New Year by sitting in our living rooms watching a movie or some sort of virtual celebration putting the chaotic 2020 calendar year behind us. Under this scenario ...
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Wednesday Apr 28, 2021 |
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The prospects for U.S. LNG exports to global markets is showing no signs of letting up. European inventories continue to draw down later in the season than typical, pulling already record-low inventories down further. Asian demand has been on a tear as Pacific Rim economies emerge ...
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Tuesday Apr 27, 2021 |
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In October of 2015 SoCal Gas suffered one of the worst catastrophe's in natural gas history when their largest storage cavern, Aliso Canyon, ruptured. It took four months to fix the leak allowing 4 BCF of natural gas to be vented to the surrounding community. Since then all the natural gas storage ...
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Monday Apr 26, 2021 |
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From the beginning of October through the 4th of July, the Pacific Northwest hydro season takes on its full cycle of excitement as Mother Nature delivers something different each year. The fall is typically filled with conversation of if the season is going to be a La Nina or El Nino type of ...
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