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| Wednesday Jul 26, 2017 | |
| After experiencing a record number of wet days this winter, Portland has gone a little more than a month without any rainfall. While the dry and warm conditions in the PNW have made for a pleasant summer, we are starting to see the impact on the power market. Average daily hydro generation has declined nearly 6 GWa since the start of July. » read more | |
| Tuesday Jul 25, 2017 | |
| Yesterday, FERC posted a Cease and Desist Order from the West Virginia Department of Enrironmental Protection (WVDEP) stating that Rover must stop progress on pipeline construction until all regulations are met with regard to safe working practices. In the order they cite several issues. Almost all of them are related to waste management and worksite containment practices. » read more | |
| Monday Jul 24, 2017 | |
| The California Public Utilities Commission did somehting incredible this week. They defied public and political opinion, listened to the expert testimony of SoCal Gas and the California Department of Conservation - Department of Oil, Gas and Geothermal Resources (DOGGR) and declared that Aliso Canyon open for business once again after nearly 21 months of being shut down. » read more | |
| Friday Jul 21, 2017 | |
| As many readers know, I am a big fan of the work of Vaclav Smil. He is one of the best thinkers and writers in the energy space. He has the rare combination of intellect, creativity, numerical competence, clear writing style, and relevance. He is a prolific writer. This year he has published an update to a book originally published in 2006, a new book, and the JPMorgan ... » read more | |
| Thursday Jul 20, 2017 | |
| For the past two days, the CAISO day-ahead auction clear has settled in around the 11.0 implied heat rate across the heavy load down in SP15. Figure 1 | CAISO Day-Ahead Auction Breakdown ... » read more | |
| Wednesday Jul 19, 2017 | |
| It is that time of year again when the annual Midc conference is being held in Wenatchee, WA. If you have not been and are doing business in the West, I highly recommend putting it on your calendar for next year. The reasons for this is simple ... » read more | |
| Tuesday Jul 18, 2017 | |
| Temperature east of the Mississippi River are going to take a material turn higher this week. Thursday through Saturday's forecast is showing the day-time highs stretch into the mid to high 90's which will put this as the hottest days of the summer thus far. Compounding the heat will be high humidity making the indexes near triple digits. PJM peak load is expected to climb ... » read more | |
| Monday Jul 17, 2017 | |
| After spending the weekend in San Jose for a Futsal tournament (the Brazilian sport that is a combination of soccer on a smaller field with more action), I got to see first hand how the weather in Northern California fares throughout the day. In the morning/late evening hours the breeze cools things off to a point that a sweatshirt is needed. During the day, the ... » read more | |
| Friday Jul 14, 2017 | |
| We are nearly at the midway point of the month and have seen quite a bit of action in California as temperatures across the West have trended above normal. Despite the heat, the DA cleared demand is virtually flat compared to last year. Figure 1 | Average Hourly CAISO DA Load - July 2017 vs 2016 HL ... » read more | |
| Thursday Jul 13, 2017 | |
| Over the past few days, the CAISO day-ahead auction has been showing some congestion within its footprint. Such constraints have been having an impact on the external nodes as both Malin and Sylmar have shifted down quite a bit compared to SP15. Figure 1 | CAISO Day-Ahead Price/Heat Rate Breakdown for 7/13/2017 ... » read more | |