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| Monday Jan 22, 2018 | |
| Last year at this time the west had the makings of an extremely robust water year. Figure 1 shows the snow water equivalent (SWE) as a percent of normal last year at this time in the various states of the WECC. While California's in-state totals aren't shown on this map, their source is the Sierra-Nevada's, which was 160-200% of normal last year at this ... » read more | |
| Friday Jan 19, 2018 | |
| EnergyGPS Consulting has been spending a lot of time in SPP lately. What is happening there with the wind build out is wild. From 2014 until the present they’ve added 12,000 MW of wind, bringing total installed capacity to approximately 20,000 MW. SPP has only had an integrated energy and ancillary services market with both day ahead and real time settlements since ... » read more | |
| Thursday Jan 18, 2018 | |
| ERCOT has been an early mover on renewable power. The Lone Star State reached over 9 GW of wind capacity as early as 2013. CAISO solar was still near infancy during the period with less than 2 GW in capacity. Even with the substantial wind portfolio in Texas, the renewable build-out is far from complete. Several projects have ... » read more | |
| Wednesday Jan 17, 2018 | |
| The EIA Drilling Productivity Report (DPR) was released today, providing some guidance for February natural gas production. Before we dive into the new estimates let's have a quick recap of the rather volatile numbers we have seen over the last couple weeks. Heading into the end of 2017 we saw natural gas volumes continue to test new highs with total ... » read more | |
| Tuesday Jan 16, 2018 | |
| Last week we discussed the recent changes to the NGTL system in Alberta. A large increase in production plus a very warm December has put the current storage situation at record levels heading into next summer. As a result it is expected that there is not enough storage space in the province to handle the anticipated surplus. Over the past four months, the market has reacted ... » read more | |
| Monday Jan 15, 2018 | |
| This past week some news came out of California, regarding California regulators slashing not only the costs of closure, but also replacement guidance for the retirement of Diablo Canyon, previously announced to retire two years back come 2025. The California Utilities Commission (CPUC) approved a plan for PG&E, the plant's owner, to recover ~$241 million in ... » read more | |
| Friday Jan 12, 2018 | |
| Does anybody out there remember 2016? Just a few short weeks ago 2016 was referred to as “last year.” In electricity land, it is might as well be called ancient history. So much has changed so quickly. Nothing highlights this more than the ... » read more | |
| Thursday Jan 11, 2018 | |
| Brutally cold weather hit the ConUS last week. A rare weather event known as the bomb cyclone drove a dramatic temperature drop across the eastern United States. The bomb cyclone was caused by a sudden drop in pressure that pulled down cold arctic air. The storm that developed raged across the entire East Coast. Near freezing temperatures in Florida caused chilly iguanas to ... » read more | |
| Wednesday Jan 10, 2018 | |
| The Northeast is currently in a state of de-frost as the region pulls itself out of a historical cold snap. The freezing temperatures and heavy snowfall associated with the Bomb Cyclone weather event tested the energy infrastructure across the region, driving gas and power prices levels we haven't seen since the 2014 Polar Vortex. Starting with the ... » read more | |
| Tuesday Jan 9, 2018 | |
| Over the past two years the Alberta natural gas market has been suffering from an oversupply issue. While a good deal of the natural gas supply/demand dynamics have adjusted to years of increased production receipts, recent developments have started burden the capability of the NGTL system infrastructure. The TransCanada Towerbirch expansion on the north part of the James ... » read more | |