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Webinar Series
Video seminars discussing issues in Power and Natural Gas markets.
Special Research Reports
In-depth analysis on the most significant developments in the energy space.
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Saturday Nov 16, 2019 |
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A battery can sell three types of products: resource adequacy (RA), ancillary services , and energy. RA revenue is a function of the capacity market rules (e.g., size of battery and duration), and is generally procured on a monthly or annual basis. As such, RA value is not directly impacted by short term energy and ancillary prices or dispatch. Ancillary services, especially regulating reserves, are currently profitable, but the market for them is very small compared to the size of the energy market. In the CAISO, for example, the current regulating reserve market is about 300 MW of “reg up” and 300 MW of “reg down.” Historically, the regulating reserve market was served by flexible hydro and natural gas.
» learn more
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Saturday Oct 12, 2019 |
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This past January, ERCOT implemented the first part of scarcity price policy revisions from the Public Utility Commission of Texas. These changes, affecting the Operating Reserve Demand Curve adder (ORDC), were set to take place in two phases: at the beginning of 2019 and 2020. This past April, EGPS discussed the proposed first change and how it might affect ERCOT pricing. Now, at the end of the summer, it’s time to look ahead at the upcoming second change. This article presents an analysis where the frequency and level of ORDC adders is calculated using defined adjustments. We compute expected adjustments based on the known change to the ORDC adder coming March 2020 (Phase 2 adder) as well as some expected change to the net resource mix.....
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Friday Oct 4, 2019 |
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The ‘Sumas Story’ started years ago when cold winter days in the Pacific Northwest had to compete with Northeast winter demand as AECO was the marginal molecule. This created a lively market that saw both Sumas and AGT cash gas prices shoot through the moon. As the grid was going through its evolution of pipeline expansions (REX) and on-shore production, the leverage of AECO diminished to a point that Sumas went to the wayside while AGT was still privy to the winter price spikes. Almost a year ago to the day of writing this report, the Pacific Northwest got a jolt (no pun intended) as the 36 inch Enbridge pipeline near Shelley, BC exploded with a ball of fire that was seen for miles......
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Thursday May 16, 2019 |
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EnergyGPS slides from the "Third Annual Northwest Wholesale Power Markets: Transition in Progress" conference by Newsdata LLC and CJB Energy. We explore the power demand, supply, and price conditions in the Pacific Northwest and California markets.
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When it comes to Carbon Markets in the region, the Washington State had an initiative on the ballot a couple of years ago that had some traction but did not get over 50% allocated yes votes it needed to pass. Since that time, the groups that support a Carbon Market in the Pacific Northwest, specifically Washington, have put together another proposal that is known as Initiative 1631 and it is on the upcoming ballet on November 6th , 2018.
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Daily Newsletter
A daily brief covering variety of energy topics.
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Tuesday May 26, 2020 |
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The past week 10 days has seen the Pacific Northwest hit is peak hydro flows on the system, which led to hydro generation numbers that averaged over 18.0 GW across the heavy load period. We detailed how system operators managed the supply/demand balance in the following article, 'Water ...
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Friday May 22, 2020 |
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The phrase "sucking wind" comes to mind when I take a look at recent ERCOT wind-weighted pricing. By this I mean the Urban Dictionary's third definition which is "In business, to perform poorly." Energy GPS has advised on a lot of wind deals in Texas -- we've represented sellers, buyers, capital ...
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Thursday May 21, 2020 |
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Growing up as a child in Western Wisconsin, the memories in the spring were tied to the snow melting and the local river tributaries rising to where the water actually starting flowing over the bridge out of town. When this occurred, it was time to grab a group of friends and head to the ...
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Wednesday May 20, 2020 |
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The bilateral price signal at the Midc for today is representative of the old days when Mother Nature would provide enough water in spring where the need for coal and natural gas-fired generation would not be needed across the entire 24 hour period. When this occurs, both the heavy and light ...
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Tuesday May 19, 2020 |
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Spring is not the typical time of year when we expect to have extreme heat rate moves in the Northeast power markets. That situation is usually reserved for the West with the large hydropower swings and early heat events. But this year due to a number of circumstances there have been some very ...
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Monday May 18, 2020 |
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The ground rules have been set for some time and now that we are moving into the back half of May 2020, the battle between the key supply/demand components will be playing out in the cash market. The components are production on the supply side and power burns, rescom and LNG on the demand ...
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Friday May 15, 2020 |
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Historically, Western Canadian oil and gas production dips in the late spring as a result of annual ‘breakup’, it typically rebounds when roads re-open. This year, however, a rebound is less certain due to the timing of the collapse of global energy prices.
‘Breakup’ ...
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Thursday May 14, 2020 |
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The market is full of jitters and unknowns as the crude market has been hit the hardest which means the associated natural gas tied to the Bakken, Permian and other regions across North America continue to see their production numbers shift lower. This past week started out with the daily ...
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Wednesday May 13, 2020 |
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The Pacific Northwest is delivering plenty of generation on the power side as the wind and hydro generation is adding up to a level that warrants single digit heavy load average settles in the bilateral market. When this happens, the molecules for power plants need to find a different home ...
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Tuesday May 12, 2020 |
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At the beginning of this winter there was concern that the Alberta storage complex would not have enough volume to cover the provinces demand needs in the event of a cold winter. The inventory was entering the withdrawal season with only 263 BCF in the ground which was near a modern day low. The ...
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Newsletter Power and Gas Articles
| Article | Memorial Day Next Phase |
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| Article | Water Just a Spilling |
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| Article | Road to Recover in West |
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| Article | Wow, What a View |
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| Report | Trading Places to Empty Spaces |
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| Article | PJM and the Pandemic |
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| Article | Slippery Slope with Oil |
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| Article | SPP Landscape |
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| Article | Resource Adequacy in the PNW |
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| Article | Another Round..... |
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| Monthly | Solar Yell Leader Wanted |
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| Article | Cloudy With A Chance of Sunshine |
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| Report | Dwindling California Demand |
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| Article | Tempered Power Demand? |
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| Report | Power Demand Just Got Trickier |
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| Article | Ramping Up/Down |
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| Monthly | The Pandemic |
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| Article | California Reewable Basis Stor... |
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| Article | California Hydro Alert |
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| Article | Winter Storage |
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| Monthly | The Golden State |
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| Article | Super Supply |
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| Article | S(OS)PP Distressed? |
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| Article | Renewable Gas Exposure |
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| Article | Basis Story Part 2 - The North... |
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| Article | Which hat are you wearing? |
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| Article | O Christmas Tree |
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| Monthly | The Learning Curve |
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| Article | Monte Carlo |
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| Article | The Gift that Keeps on Giving |
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| Monthly | Lion's Road vs. Cat's Meow |
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| Article | Wish List Tied to Solar |
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| Article | The Desert Basis Story |
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| Article | Mini Arctic Blast |
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| Report | Battery Modeling using the TB4 |
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| Report | Shouldering the Load |
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| Monthly | Trick or Treating in the Weeds |
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| Article | Some PJM Pain for Some Gain |
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| Article | Google Renewable Auction |
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| Article | Zooming Out on US Renewables |
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| Report | ERCOT's Push and Pull |
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| Article | The Constraint of the Day |
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| Article | PacificParadigm |
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| Monthly | Regional Sandboxes |
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| Report | The Sumas Story |
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| Article | Headed for retirement...CAISO |
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| Article | Upcoming Flex Needed in the West |
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| Article | What will the grid look like....? |
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| Monthly | Everything is big in Texas |
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| Article | Back to School in the West |
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| Article | The Battery Evolution |
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| Article | ERCOT Renewables - Looking For... |
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| Article | Profit Shaping - ERCOT Renewables |
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| Article | Partly Cloudy with a chance of? |
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| Monthly | Three Days in ERCOT |
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| Article | Summer Chill |
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| Article | Brew Fest |
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| Article | SoCal Gas Summer Fundamentals |
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| Article | Cap and Trade Tightness? |
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| Article | The Storage Story - Chapter 2 |
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| Article | Officially Summer? |
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| Article | The Battery Storage Story |
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| Monthly | Renewed Interest in the Renewa... |
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| Article | Champion of the Energy Sector |
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| Article | ERCOT's Reliability Percentages |
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| Monthly | Flowers in May? |
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| Article | Hydro doing these days? |
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| Article | California's Summer Balance |
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| Article | Opportunity Comes in Many Forms |
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| Article | Renewable CCA |
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| Article | The Pick Is In..... |
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| Article | Changes in ERCOT Scarcity Pricing |
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| Monthly | Swinging for the Fence |
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| Article | The Waha Squeeze Play |
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| Article | Seriously, how do batteries ma... |
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| Article | The Power of Price in the Burns |
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| Article | Power On...... |
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| Report | End of Winter Season - NG Balance |
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| Article | The Storage (Battery) Story |
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| Monthly | The Pacific Northwest Acronym ... |
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| Article | The New EIM Market |
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| Article | The Hydro Bed |
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| Article | Alberta's Growing Demand |
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| Report | Ruby or Not Ruby? |
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| Article | The Pomona Battery |
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| Monthly | Whacky Weather and Wind |
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| Article | Timing Is Everything |
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| Article | Natural Gas Balancing Act |
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| Article | Deep Purple - Arctic Blast |
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| Article | Not Any More!!!!! |
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| Article | Significance of December 27th,... |
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| Monthly | Tis the Season |
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| Article | California - What a Year???!!! |
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| Article | West Returning to the Danger Z... |
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| Article | The 'Eyes of Texas' on Wind |
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| Monthly | 'Fro-Vember' |
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| Article | Trend is your Friend |
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| Report | MISO’s Excess/Deficient Deviati... |
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| Article | Sumas heading into Xmas |
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| Article | Summer SoCal in November and B... |
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| Article | Centralized Capacity Market De... |
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| Monthly | The Battle Royale |
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| Article | Coal Retirements and Natural G... |
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| Article | Mother Nature, did you see tha... |
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| Article | SOS - Sumas Over SoCal |
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| Article | The West Playground |
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| Monthly | Hunting for Red October |
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| Article | The 2017-2018 Water Year in a ... |
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| Article | The Severity of Florence |
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| Article | Two Discussion Points Around S... |
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| Article | US Open Heat Event |
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| Monthly | Two out of Three Completed |
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| Article | Now there are Two!!! |
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| Article | A Breath Of Fresh Air |
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| Article | The Motion |
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| Article | Early August 2018 |
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| Article | Winners and Losers Tied to the... |
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| Monthly | Is the Best Pitch a Heater , C... |
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| Article | The Dog Days of Summer |
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| Article | Hear That Music? |
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| Article | Powering the Gas Markets in th... |
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| Article | LeHeat in LA |
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| Article | Heat of the Moment |
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| Article | ERCOT, A Healthy Supply Stack.... |
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| Monthly | A Quarter for Your Thoughts |
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| Article | PJM's Capacity Performance Obl... |
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| Article | ERCOT Market Report |
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| Article | ERCOT's Price Spike |
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| Article | Weather or Hot (Cold) |
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| Monthly | Summer Right Around the Corner |
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| Article | Play Me Some Mountain Music |
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| Article | The Heat is On (the ERCOT Stack) |
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| Article | What is your CCV code West Power? |
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| Article | Basis of Natural Gas's Existence |
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| Article | Tensions Rising in Southern Ca... |
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| Article | Welcome Back BPA Curtailments |
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| Article | Wind, Where Have You Gone? |
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| Article | MayDay - Curtailments |
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| Monthly | April Cold Brings May? |
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| Article | A Look at the Renewable Landscape |
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| Article | The 'basis' of SoCal Citygate'... |
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| Article | Alberta Power's Mid-Month Update |
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| Article | Expect the Unexpected - SPP Wi... |
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| Article | Virtual Tour with Mother Nature |
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| Article | The Fools Fool |
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| Monthly | April Fooling |
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| Article | The CAISO's Big Three |
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| Article | That Pesky Groundhog!!! |
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| Article | Track the Tracker |
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| Monthly | A Tale of Two Cities..... |
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| Article | Central Vertical Corridor |
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| Article | Sneak Preview of CAISO Curtail... |
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| Article | Storage 1,2,3 |
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| Article | Glimpse of what is to come in ... |
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| Monthly | Back to Where We Belong??? |
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| Article | Armageddon in February Across ... |
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| Article | Digging in the South Central R... |
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| Article | What is going on with Power Burns |
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| Monthly | SoCal Citygate Hype??. |
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| Monthly | I Just Cleaned This Mess! |
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| Monthly | Constraints Everywhere?.. |
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| Article | Keeping an Eye on the Fundamen... |
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| Monthly | A Dry/Warm October |
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| Monthly | The Fall Classic |
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| Article | AECO, the Red October |
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| Article | SCEeeee What is Happening with... |
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| Article | Snap, Crackle and Pop |
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| Article | Heated Curtailments |
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| Article | What Becomes of the CAISO Supp... |
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| Article | AECO, watching out below!! |
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| Monthly | Storm Chaser |
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| Monthly | H(arvey), I(rma), J??? |
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| Monthly | Blink |
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| Monthly | Cash is King |
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| Monthly | Texas Blowhard |
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| Monthly | Wagon Queen Family Truckster |
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| Monthly | May Flowers? |
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| Monthly | The Dog Days of Winter |
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| Monthly | Convicted |
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| Monthly | Spread It On! |
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| Monthly | Cold meet Precipitation |
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| Monthly | The ICE in the Dog Bowl |
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| Monthly | Emperor's New Clothes |
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| Article | What have we learned from Alis... |
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Product Publications and Alerts
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