Featured Articles
| Wednesday Aug 5, 2015 | |
| Demand is falling across the United States this week with total power demand foretasted to fall around 50 GWs between Monday and Friday. Texas, however, did not get the memo with temperatures in Dallas expected to average 99 degrees for the 10th with highs around 105 degrees. ... » read more | |
| Tuesday Aug 4, 2015 | |
| Remember the days when weather got warm and the middle of the day peak demand increased to where the super peak prices became a premium and the region actually priced itself to keep MW's at home. Sure sounds like the Pacific Northwest and the Midc trading hub in early July, but it is not. It is this region called the Desert Southwest, which has a trading hub called Palo Verde. Yesterday, it traded at a premium to Southern California, which does not happen too often these days as the region seems to be well supplied and with the economic down ... » read more | |
| Monday Aug 3, 2015 | |
| With the NFL starting training camp last week, all the players had to be relieved that the temperatures across the country started to cool. I am sure leading up to the first practice, the players, coaches and training staff were monitoring the weather forecasts hoping for some sort of reversal. As of last week, Friday, they started to get it as the EnergyGPS peak demand sample went from 537 GW to 514.6 GW. By the weekend (which was the first day of pads for some), the peak demand tumbled to 470 GW. Figure 1 | North American Peak Demand - EnergyGPS ... » read more | |
| Friday Jul 31, 2015 | |
| Over the past 4 years, California has had several key elements change when it comes to their supply/demand portfolio. First, the load has yet to recover from the economic downturn in the summer of 2008. Second, both Songs units were officially retired in June 2013 which meant that over 2,000 MW of base load energy was lost within the LA Basin. Prior to that, the units were offline for safety reason therefore the CAISO had to implement emergency operations in the summer months as they revamped their transmission grid to allow for more renewables such ... » read more | |
| Thursday Jul 30, 2015 | |
| Northern California is experiencing another wave of heat as Sacramento's highs are in the triple digits and San Francisco is staring at highs in low/mid 90's just outside the bay. This has translated into a higher load profile across PGAE's demand region. Figure 1 | PGAE's Hourly Load Profile As you can see in Figure 1, the load ramped up early in the week and peaked out yesterday with the heavy load coming in just over 17,000 MWa and a peak demand of 19,783 MW. Southern California's load shifted up as well but not nearly as much as PGAE's. For today, the ... » read more | |
| Wednesday Jul 29, 2015 | |
| The West Coast is preparing for another heat wave as the latest forecast is showing the high temperature in Sacramento remaining above 100 degrees for the rest of the week. The previous newsletter addressed the possible impacts of load breaking 45 GWs on Friday. Before we dive to far into the analysis, it should be noted that the most recent CAISO forecast shifted load down slightly the rest of the week with Thursday now set to become this year's peak demand as it is showing 44.9 GWs. Figure 1| CAISO Load Forecast - Peak Hour In order to ... » read more | |
| Tuesday Jul 28, 2015 | |
| The latest weather runs are out and load in Cali is set to make a serious run this week. CAISO load forecasts are now showing peak hour at 45 GW for Friday, as high temperatures in Sacramento hit 108 tomorrow and Thursday. Down in Southern California, Burbank is in the low 90's while further inland triple digits are also in the forecast. As you can see in Figure 1, both PGAE and SCE's load profile shift up quite a bit over the next three days. Figure 1| CAISO Load Forecast - Peak Hour The last time load broke the 45 gig mark was the first ... » read more | |
| Monday Jul 27, 2015 | |
| Portland received some much need rainfall this weekend, cooling the pavement and replenishing the died lawns. While the weather put a downer on weekend activities it was a pleasant reminder of the differences between the PNW and California. As we are all aware, California is in the midst of a multi year drought and the conditions are not expected to improve through August. With the drought like conditions present over the past 3-4 years, the available hydro storage within the state is suffering as a result. Looking at historical ... » read more | |
| Friday Jul 24, 2015 | |
| When the EIA number came out yesterday, the majority of people saw it as a 61 BCF delta increase day on day. Expectations in the market ranged between 65 - 78 BCF with the heavy hitters around 68 BCF. Figure 1 | EIA Storage Table Such a result pushed the prompt month contract up the $2.95 mark quickly as the market took it as bullish. It was realized that the implied flows (+68) did not match the delta week on week change (+61). If you look closely at this week's regional breakout, there is a 'C' next to the East number for this week. » read more | |
| Thursday Jul 23, 2015 | |
| The highly anticipated El Nino season and its promise of a cool temperatures across the east/south has yet to materialize as warm temperatures drove up net load across North America on Monday. Demand hovered around 500 gigs on Sunday and Tuesday with the highest load of the season peaking coming in at 528.9 GW on the 20th. Figure 1 | North American load by ISO - Daily Peak You can see in Figure 1, most of the incremental demand is showing up in PJM, MISO and Texas. The West has cooled off some over the course of the week with the Pacific ... » read more | |
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