Featured Articles
| Monday Jan 13, 2020 | |
| if you are a sports fan, you are privy to Las Vegas betting when it comes to the point spread (better known as the 'line on the game'). As with Oregon and many other states, the betting on professional games is now legal and many are active participants as they can stay at home, sit on the couch and place their bets as they see fit. In the Pacific Northwest, there were a lot fo Seattle Seahawk fans that liked their chance in Green Bay on Sunday night, especially with Las Vegas giving them 4 points. The 4 points were the betting line spread Vegas put on Packer-Seahawks game to see who would play the San Francisco 49ers next week to see who goes to the Super Bowl. The 4 points spread basically stated that you could place a bet on either team, if you chose the Packers ... » read more | |
| Friday Jan 10, 2020 | |
| On December 19, FERC issued its long-awaited order on PJM’s capacity market addressing capacity resources in receipt of state-level subsidies. In short, FERC’s republican-majority voted 2-1 for an existing-generator-friendly order to expand the minimum offer price rule (MOPR) under PJM's Reliability Pricing Model (RPM, aka Capacity Market). Compared to PJM’s more nuanced filing made back in October 2018, FERC: Rejected PJM’s resource-specific carve out (RCO) for new and existing resources Eliminated exemptions from the MOPR for several resource types: small units, units that could claim a minimal subsidy (materiality threshold), energy efficiency, and smaller resource category types such as landfill gas Allowed for unit-specific MOPRs. Individual ... » read more | |
| Thursday Jan 9, 2020 | |
| With the two day cold weather pattern almost over in the East and parts of the Midwest, the natural gas physical landscape is going to get ugly so as they say in the tree trimming business - 'Watch out below!!!' The true meaning of this saying is for people to look out for something in their way. In the case of the weather, it is Mother Nature who you have to be leery of as she continues to sprinkle the above normal temperature dust across the Lower 48 and Canada. Figure 1 | Falling Debris - Watch out below If you are a bull in this market, your patience is running thin as you have been dodging the falling debris for some time as we have seen the prompt month natural gas contract move down from the beginning of December 2019 mark of $2.44 to yesterday's settle of ... » read more | |
| Wednesday Jan 8, 2020 | |
| If you have been following the weather model runs or live in the Midwest/East Coast you are aware of the two days of 'colder' weather today and tomorrow. I put a single quote around the word colder as the accumulated HDDs are still not above normal for this time of year but chillier than the past two days. Once we get to Friday and the weekend, Mother Nature is sprnkling the warm weather dust across the major winter demand areas as New York City is looking at daytime highs up around 57 degrees. Figure 1 | New York City Temperatures - Actual vs. Forecast Over in the Midwest, I admit to be watching the weather forecast for Green Bay, WI as the Packers host the Seattle Seahawks on Sunday afternoon as part of the National Football League's Divisional playoff game. The ... » read more | |
| Tuesday Jan 7, 2020 | |
| Since the beginning of December the climate over most of North America has taken a warm turn. There have only been 8 days where the heating degree day total has posted over climatology. This is due to a prevailing negative Pacific-North America phase (-PNA). The pattern has characteristics where a high pressure system dominates the Northern Pacific keeping cold air limited to the upper latitudes. At the same time another high pressure system sits right over the Southeast part of the Untied States. Sandwiched between the trough and ridge is a southwesterly flow of warm, wet air that funnels right over the Gulf, Midcontinent and Midwest. This has obvious implications for space heating but there is also another effect from such a pattern. The funnel is pushing winds right over the heart ... » read more | |
| Monday Jan 6, 2020 | |
| The New Year is upon us which also symbolizes a new decade beginning. In our latest EnergyGPS Newsletter Monthly Report, titled The Learning Curve, we took a look back at some of the key learning moments between 2010-2019 and discussed how the experiences can serve as a foundation for the future. One aspect we touched on in the report was how the last decade introduced the renewable penetration across the entire country, not just California and its Renewable Portfolio Standard (RPS) implementation. To illustrate this point, we can take a look at the ERCOT market as it stands today given it has become the front runner when it comes to wind penetration within its footprint. The chart below breaksdown the ERCOT wind generation numbers by month where the bottom pane represents ... » read more | |
| Friday Jan 3, 2020 | |
| I’ve been in the electricity business since 1992. Since 1996 I’ve been in Portland, Oregon observing what’s going on in western US markets. This is the third time I’ve experienced the dawn of a new decade in this business. It’s as good a time as any to reflect on where we’ve been, take stock of where things stand, and imagine what things might look like 10 years from now. Remember the hype building up to Y2K? There were bona fide fears that outdated software which ran the grid would hiccup and cause blackouts. We managed to survive New Year’s Eve of 2000. At that time, few people suspected that lying just below the surface of westerner energy markets was a very tight supply situation and an impending crisis. At the core of the crisis was bad ... » read more | |
| Thursday Jan 2, 2020 | |
| Now that the New Year celebrations have come and gone, the start of a new decade is upon us and if this last decade is any indication, the next 10 years in the power and natural gas sectors is going to be quite interesting to say the least. Before we start to lay the foundation for the years to come, each power grid is going to be transitioning from the holiday spirit to that of a normal business day. The first step to some normalcy is to start with taking down the Christmas tree and all the ornaments and ligths associated it. Finding the bozes to store them in for another year is always an issue but when it is all said and done this is the move that symbolizes the holiday season has come to an end. Figure 1 | Christmas Tree Lights The next step is to find some nice ... » read more | |
| Tuesday Dec 31, 2019 | |
| After the Christmas holiday I gathered the family and traveled down to New Orleans for some well deserved rest and relaxation. Prior to the trip I checked with the meteorology services and found that I would have some unseasonable warm dry weather. What we got was a surprise even to our high expectations. After arriving at the airport and stepping out of the terminal we noticed that the air temperature was much warmer outside than it was in the baggage service area. We quickly determined that the actual temperatures were coming in well abve the outlook. Off came the jackets and on went the shorts and t-shirts as we headed out for our first taste of gumbo, which did not disappoint. Over the past four days we spent most of our time eating outdoors enjoying the weather and of course the ... » read more | |
| Monday Dec 30, 2019 | |
| When people talk about the 'Day of Reckoning', they are alluding to a day or time in the future when one will be forced to deal with an unpleasant situation which they have avoided until now. This phrase has been used several times over, for example I was watching a documentary over the weekend on the Mortgage Crisis back the late 2000's and hindsight showed you that there was going to be a 'Day of Reckoning' as the madness around sub-prime loans was not sustainable. Another example of such a day is the 24 hours after the National Football League season is over, which so happened to be yesterday, and the owners of each non-playoff team does a gut check and either fires the head coach and/or general manager or comes out and states the coaching staff is safe for ... » read more | |
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