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| Tuesday Jul 8, 2025 | |
| ERCOT’s structural demand growth in 2025 has remained strong, though it has eased slightly since the record-setting pace observed earlier in the year, as discussed in out latest special report titled “Looking Forward Towards ERCOT Summer Load”. Building on our earlier weather-normalized methodology, we continue to separate organic demand increases from those driven by weather fluctuations. The latest results show that Q2 structural demand rose 6.4% year-over-year, bringing the 2025 average to 7.3%—a robust rate that reflects accelerating growth compared to recent years. Figure 1 – ERCOT monthly weather-normalized demand Regional breakdowns reveal that demand is becoming more distributed across ERCOT. While the West zone has historically posted the ... » read more | |
| Monday Jul 7, 2025 | |
| The end of last week saw Independence Day, and the passage of the new administration’s cornerstone legislation, the Big Beautiful Bill (BBB). From the perspective of the renewable industry, this new law was a damper on the otherwise festive weekend that will trigger a race to the end or at least through the rest of the term of the current presidency. This is because it makes big changes to the longstanding investment and production credits to the benefit of renewable resources[1]. While the headlines put an end to renewables as we know them, the next few years will be intense given the termination is not immediate as the bill gives until 2027 to enter production. Additionally, it makes an exception for projects that start construction within a year from today, meaning that they can ... » read more | |
| Thursday Jul 3, 2025 | |
| With the transition this week into July, it is the time where we look back on renewable performance and growth over the past month. You can find a breakdown of different markets across the country in our latest Renewable Monthly report published this week. One of the markets that is always a topic of conversation given its commitment to growth in both solar and battery storage, is ERCOT. Figure 1 | ERCOT Average Hourly Wind and Solar Generation (MW) While ERCOT renewables were adding plenty of supply in June, demand numbers were not making a more than respectable showing. With a warm start to the month and only a handful of unusually cool days, ERCOT load averaged 63.3 GW. This was 2.2 GW higher than the same month the previous year and 3.7 GW higher than June of ... » read more | |
| Wednesday Jul 2, 2025 | |
| With the turning of the calendar page yesterday, we’ve officially entered the second half of 2025. It’s a good time to look back and reflect on how natural gas and power markets have changed and what trends are forming. Here at Energy GPS, we like to use 12-month by 24-hour profiles to compare year-on-year changes. The figures calculate the average demand and generation profiles for a day in each month of the year and layer years on top of each other, each in a different color. The resulting figure can tell subscribers a lot about how this year differs from those prior in just a quick glance. Figure 1 | MISO 12 x 24 Profiles – Last 3 Years The figure above is a 12 by 24 profile for the Midcontinent ISO, which is feature in the MISO Supply Demand Dashboard. While ... » read more | |
| Tuesday Jul 1, 2025 | |
| A powerful heat dome swept across the Midwest, Mid-Atlantic, and Northeast U.S. last week, leading to surging electricity demand and soaring temperatures that set new records, as discussed in our latest Article titled. Energy GPS explored the effects of this event in detail, with a special focus on NYISO and a key factor that’s quietly shifting the market: Behind-the-Meter (BTM) solar. Unlike utility-scale solar, BTM solar reduces visible demand without being reflected in metered grid power. Its growing presence is starting to significantly shape how the grid experiences load during extreme heat events. Figure 1 | Northeast Temperatures for June, 2020-2025 As the region heated up, transmission dynamics shifted across NYISO's interconnected neighbors. Notably, imports from Hydro ... » read more | |
| Monday Jun 30, 2025 | |
| The ongoing US/Canada trade war lit a match under the Great White North. Since the start of the current US administration, our neighbors have made quite a few strides to strengthen their position. They saw a come-from-behind victory or the liberal party, a strong victory for the political center, with almost a decade of consecutive rule. They saw popular backlash to American goods, and American vacation spots. And now, they have found a new home for their natural gas, in the form of LNG Canada. This new facility, located on the north coast of British Columbia plans to export 14 million metric tons per annum this year[1], or 1,870 MMCF/d. This would make a big splash with regards to diversifying from the American market. Figure 1 | Coastal Gaslink Pipeline Map[2] This new operation relies ... » read more | |
| Friday Jun 27, 2025 | |
| Over the past week, a heat dome has blanketed much of the country. We've been tracking its impact on various markets, from MISO up to ISONE, in market flashes and articles. However, looking at the map below, one region notably avoided the heat: ERCOT, which has been much-discussed in terms of electricity demand growth, high prices, and the potential for summertime scarcity, spent the heatwave at seasonally normal temperatures. Figure 1 | Observed Max Temperature & Departure from Normal, 6/24/25, AG2 Trader While the Texas weather this past month can hardly be called "cool", it has been less hot than June during the past few years. This has helped counter the impact of ERCOT's ongoing structural demand growth. The top pane of the graph below, which is taken from our ERCOT RT ... » read more | |
| Wednesday Jun 25, 2025 | |
| An intense heat wave made its way across the middle of the country earlier this week delivering high demand and high prices in MISO. The well-above normal temperatures strengthened over the weekend. Demand, which had yet to reach 100 GW this June at the start of last week, was now peaking over 110 GW. Over the weekend, wind generation was strong throughout both days, averaging close to 20 GW in a steady and flat profile. Meanwhile, MISO’s growing solar capacity was providing more than 12 GW in the middle of the day. As the wind forecast for Monday solidified, however, the grid operators knew they would be in a tight spot. Forecasts for demand on Monday night had a peak over 120 GW while the wind volumes shrunk to under 10 GW in the evening. A Max Gen Warning was declared for Monday ... » read more | |
| Tuesday Jun 24, 2025 | |
| In our recent daily morning reports, we have talked about how the wind generation has been absent during the first three weeks of June 2025 in SPP. This has kept net load elevated, peaking in the low to mid-30s GW. Load levels have remained modest not only throughout June but also since May. Mother nature shifted gears last week and delivered plenty of wind volumes as depicted later in this blog. Figure 1 presents a 12x24 chart showing load, wind generation, and net load trends. Note that June 2025 data includes only the first 23 days of the month. Figure 1 | SPP 12x24 Profile, 2023-2025 Starting with load (top pane), the first four months of 2025 saw higher levels compared to the same period in the previous two years, particularly in February. However, this changed in May, when ... » read more | |
| Monday Jun 23, 2025 | |
| June holds two major sporting events on the calendar, they are the NHL (National Hockey League) and NBA (National Basketball Association) playoffs. Since both are televised, it is a known fact that a team from Florida won the hockey championship while Oklahoma City won the basketball championship with a decisive Game 7 victory on Sunday night. The sporting event that does not get the recognition it deserves is the 2025 installation of the Tour Divide Race. This ultra-distance cycling event asks the simple question: how quickly can you make it from Banff to the Mexico border using just your legs and a bike? Progress (in time) is not recorded in 4k and streamed on major networks, instead, we get the information via satellite tracking and the magic of the internet. This brings us to ... » read more | |