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| Tuesday Jun 27, 2017 | |
| Last week we had triple digit temperatures stretch across most of California and the Desert Southwest. There were several temperature readings of 130 degrees in the Mohave and Arizona Desert. Arizona Public Service set new demand records and CAISO declared several system alerts. As a result of the record power demand, almost all of the natural gas generating units were ... » read more | |
| Monday Jun 26, 2017 | |
| With temperatures still north of 90 degrees on Saturday night and the sun setting to the West, it was that time of year when the 'Keep Portland Weird Slogan' checks another box. It was the annual Naked Bike Ride through the streets of Portland where thousands of people parade on their bikes naked. Figure 1 | ... » read more | |
| Friday Jun 23, 2017 | |
| The Trump administration has floated a number of novel proposals since taking office. When the administration published its budget in May there was an interesting revenue source in it – they planned to sell the transmission assets of the three federal power marketing administrations (PMAs): the Southwestern Power Administration, the Western Area Power Administration ... » read more | |
| Thursday Jun 22, 2017 | |
| If you are old enough to remember the late 80's, one of the top hits was Soul II Soul's 'Back to Life' which starts out with the same three lines 'Back to Life, Back to Reality'. After the first chorus ends the song's next line goes like this, 'Back to Life, Back to the Present Time, Back from a Fantasy'. This song has been stuck in my head for the past 24 hours ... » read more | |
| Wednesday Jun 21, 2017 | |
| Things are hot all across the Western US today as the temperatures break above 110 degrees for inland California and push into the mid-90s around the Burbank area. The Palo Verde 3 nuclear facility tripped offline yesterday which is the worst possible timing considering the 120 degree temperatures in the Phoenix area. The impact of the heat wave was made apparent in ... » read more | |
| Tuesday Jun 20, 2017 | |
| As many have pointed out over the past four months the natural gas rig count across the country continues to move significantly higher. From last year to this year, the number of rigs across the Lower 48 have climbed from 85 to 186 as per this past week's Baker Hughes Rig Report. Breaking down the regions in the report, there are three areas most affected by the climb ... » read more | |
| Monday Jun 19, 2017 | |
| After some heat showing up in the Midwest and East over a week ago, it is time for the West to get into some of the action as Phoenix is expected to hit 120 degrees by Tuesday while California is looking at Sacramento inching towards triple digits while Burbank is in the high 90's. Figure 1 | Sacramento Actual/Forecast ... » read more | |
| Friday Jun 16, 2017 | |
| At EnergyGPS we spend most days analyzing wholesale electricity markets in some form. Take for example, on our consulting side of the business we spend a lot time working on asset valuations for developers, asset owners, buyers, and investors. We encounter retail markets somewhat indirectly. It usually relates to a retail buyer of some stripe (e.g., utility, community ... » read more | |
| Thursday Jun 15, 2017 | |
| Over the past week, the California market has seen the Renewable Curtailments come full circle as the 13th saw mostly local congestion causing the CAISO system operators to cut solar in SP15. Prior to that, the weekend was seeing the curtailments in the form of what they call system wide reductions. That translates into the grid is long power and the only ... » read more | |
| Wednesday Jun 14, 2017 | |
| Heading into this week the natural gas and power markets were filled with anticipation as the first real heat wave was set to hit the US. As a result, the market had high expectations for gas demand with the consensus calling for power burns to settle in the low to mid 30's (BCF) for Monday and Tuesday. Fast forward to today, we reflect back on the past two days ... » read more | |