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| Monday Feb 12, 2018 | |
| I first want to start this EGPS Newsletter off by saying that I love hydro electricity. It is not only green, but it is cheap, and can be extremely flexible. It is the perfect product in my mind, but I digress. The Pacific Northwest has started off 2018 with abundant hydro supplies. Take a gander at Figure 1 and you will see that our output is well ... » read more | |
| Friday Feb 9, 2018 | |
| This week I attended the annual Infocast Wind Power Investment and Finance conference in San Diego. It is one of the better wind conferences of the year. They had record attendance which is an indicator that folks see a lot of opportunity in the market in the next couple of years. It is interesting to hear the perspectives from people in all parts of the business. Here are a ... » read more | |
| Thursday Feb 8, 2018 | |
| Both ERCOT and SPP continue to make a push towards renewables. The increased generation has added large amounts of wind over the past several years, and we don’t see this trend stopping anytime soon. As renewables are added to the supply stack, incremental megawatts will be taken away from thermal generation. ERCOT ... » read more | |
| Wednesday Feb 7, 2018 | |
| The volatility in the stock market has been the major headline over the last couple of days, but let's not forget about the energy markets. While its no Bitcoin, we have seen massive gains and a subsequent fall in the Henry Hub March contract over the last 30 days. As cold weather pummeled the United States to start 2018, the NG market caught fire as supply ... » read more | |
| Tuesday Feb 6, 2018 | |
| Two weeks ago TransCanada hosted a conference call to go over the 2018 NGTL Operations Plan. The details of the presentation covered the new expansion projects underway on in the Alberta province. Besides increased oil sands delivery capacity and an ongoing effort to bring additional production to market, the Nova operations team confirmed that the completion of the ... » read more | |
| Monday Feb 5, 2018 | |
| We are approaching the time of the year, Q2, when everyone starts to talk about California's solar capacity, rooftop included, and Pacific Northwest hydro generation. Last year California not only had massive solar generation, but they also had their biggest water year in history. Up here in the PNW we had a top ten hydro year. There was plenty of renewable ... » read more | |
| Friday Feb 2, 2018 | |
| This week I had the opportunity to spend a day out of the office with a group of renewable industry professionals with diverse backgrounds discussing the current state of affairs in the industry and thinking about what the future might bring. I heard a lot of insightful comments. I also heard a diverse range of views on the future of the industry and the grid. A number of ... » read more | |
| Thursday Feb 1, 2018 | |
| The nuclear fleet has been pretty healthy year-to-date, and as a result has aided in making sure there has been enough non-gas generation online to meet the overall increased demand during the month of January (it has been quite cold this month). Over the course of the next couple of months we will see planned and unplanned outages make their way to the market. Once we ... » read more | |
| Wednesday Jan 31, 2018 | |
| Northeast temperatures have proven volatile through January as the new year started with a historic cold snap and the “Bomb Cyclone” weather event. This last week has been significantly more mild as slightly below normal temperatures have given way to a couple warm spells. Figure 1 | Jan 23rd – Jan 30th ... » read more | |
| Tuesday Jan 30, 2018 | |
| Yesterday, the February NYMEX natural gas contract settled at the highest levels of the month, coming off the board at $3.63. That is 46 cents higher than the March contract value of $3.17 and reflects a growing concern in the market that the level of natural gas storage supply in the Gulf is low enough to cause reliability issues. Two cold events over the past thirty ... » read more | |