Featured Articles
| Wednesday Jan 13, 2016 | |
| As we work our way through the 2016 Winter, there are a three things that are keeping the natural gas market from making a big rebound. The first item on the list is the weather. In December, we saw spring-like conditions in the Eastern portion of the country (Philadelphia was topping the 80 degree mark on certain days). The Midwest was not too far behind with highs in the upper 60’s/low 70’s while Texas was seeing massive wind days netting back the overall power loads. As a result, the overall res/com demand numbers were coming in ... » read more | |
| Tuesday Jan 12, 2016 | |
| Coming into this winter there was a lot of speculation about the El Nino weather pattern and its possible effects on the on going drought in California. The primary expectation was the El Nino weather pattern would drive increased precipitation possibly ending the two year drought for the golden state. Thus far the precipitation in California is up significantly YoY and we are seeing the results in the hydro power production. Figure 1| California Hydro Generation HL YoY - MW/h Total hydro production is up around 300 MWs from last year and ... » read more | |
| Monday Jan 11, 2016 | |
| There are some parallels to the Green Bay Packers offense and the SP15 implied heat rate, the common thread to each other is they are both hard to figure out these days. If you are an avid Packer fan (like me) it will all make sense. Over the last two weeks of the regular season, the Packers led the league in QB sacks (13 to be exact), they only converted on 18% of their 3rd down conversions and lost two fumbles that resulted into defensive touchdowns. The good news for Packer fans is they still made the playoffs, which as a fan we know it starts a ... » read more | |
| Friday Jan 8, 2016 | |
| After having the wettest December on record in the Pacific Northwest, the New Year has provided us nothing but dry, cold conditions. As a result, the overall MAF for the Jan-Jul time period has shifted down from 101 at The Dalles to the most recent report showing 89.8 MAF for the same time period. Figure 1 | NWRFC ESP MAF Table and Chart The reason for the big shift down over the past couple of weeks is due to the December precipitation coming in the form of rainfall, which increased the Westside run of river flows but had little impact on the overall lower ... » read more | |
| Thursday Jan 7, 2016 | |
| Last month we published a newsletter reviewing JP Morgan’s paper titled “A Brave New World – Deep De-Carbonization of Electricity Grids.” The production of the paper was overseen by Vaclav Smil, Distinguished Professor Emeritus in the Faculty of Environment at the University of Manitoba. Over the holiday break I spent some time reading more work by Professor Smil. Of particular interest to me is his book Natural Gas – Fuel for the 21st Century. The book is a comprehensive review of all facets of natural gas extraction, distribution, and ... » read more | |
| Wednesday Jan 6, 2016 | |
| With the colder weather moving through the Pacific Northwest, the overall wind generation has all but gone away with the heavy load average shifting down below 50 MW across the entire region. Within BPA's balancing authority, the heavy load actually averaged less than 10 MW on the 4th. Figure 1 | BPA Wind Generation - Hourly Down in California, the wind output has had a different story, as the total output jumped up for the 5th in the DA market. Figure 2 | California Wind Generation - Hourly If you look at Figure 2, you can see that the SP15 evening ramp ... » read more | |
| Tuesday Jan 5, 2016 | |
| Over the past two weeks, California has seen its snow water equivalent (SWE) jump up to around 100% of normal for this time of year. It seems like light years since we have seen this as the past three years have been well below normal with the last two in the severe drought-like category. Figure 1 | California SWE Percentage We have always said, California is a three storm state, meaning that all it takes is three big storms to make the water year. So far this year, we saw the first set come through around Christmas as Northern California and ... » read more | |
| Monday Jan 4, 2016 | |
| Mother Natures waited until the New Year to bring snow to the Portland/Seattle metro area as yesterday saw up to 3 inches fall. This led to the local neighborhood families to gather with their sleds in hand at the key 'snow hill' spots across the city. The day was spent outside enjoying the winter-wonderland and the kids got excited when the notices that winter break would be extended for yet another day as school is cancelled for today. Leading up to the ultimate snow day, the weather turned colder as wind out of the East started to show up ... » read more | |
| Thursday Dec 31, 2015 | |
| The last week of 2015 has been rather cold across the entire Western region as Denver is staring at lows in the single digits most of the week while the Desert Southwest shifted down into the low 30's in some places. Southern California is coming out of its coldest days of the year with Burbank down in the mid 30's as well. Figure 1 | Denver Temperatures - Daily Actuals vs. Forecast Such a cold weather event has kept the overall wind generation from providing any type of added MW to the grid as the Pacific Northwest has seen the daily averages come in ... » read more | |
| Wednesday Dec 30, 2015 | |
| Around the middle of December, both the Desert Southwest and Southern California experienced below normal temperatures to a point that SoCal Gas Sendouts topped the 4 BCF mark. After doing some analysis, such a number made sense because when the daily average temperature drops in the 42-46 degree range in Southern California the average Sendouts sit around the 4.05 BCF mark historically. Figure 1 | SoCal Ambient Average Temperatures and Sendouts As you can see in Figure 1, it was not until the end of the year, last December that the overall Sendouts spiked up ... » read more | |
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