Featured Articles
| Thursday Dec 8, 2016 | |
| Over the past few years, a lot of the buzz in California centered around the increasing solar profile as it was the renewable energy of choice by developers that are chasing the state's RPS mandate. This has led to the year on year capacity increase with in the CAISO footprint. Figure 1 | CAISO Solar Output - Year on Year Comparison/Super Peak Average As you can see in Figure 1, as the daylight hours start to get shorter in the Fall, the overall output tapers off starting in the middle of September and carries on through January. What we have noticed this ... » read more | |
| Wednesday Dec 7, 2016 | |
| When it comes to what is happening up in Alberta, there are are so many components to look at. I thought it would be good to break down a few in this newsletter. All this is covered in our Canadian Natural Gas package, where we send out daily reports on the supply/demand, weekly macro views and monthly balance forecasts through the next two terms on the calendar. If you would like to know more about this package and how you can subscribe, please email us at info@energygps.com. Ever since October, Mother Nature has been keeping the demand on its toes as ... » read more | |
| Tuesday Dec 6, 2016 | |
| When I was packing last Friday night for my journey to Lambeau Field for the Packers - Texans game, little did I know I would be needing all that warm gear once I landed back in Portland last night. In fact, when we took off out of Milwaukee's Mitchell Airport is was a balmy 36 degrees with a slight wind. When we landed in Minneapolis the temperatures climbed to 39 degrees with little snow on the ground. As we were landing in Portland last night around 7:30, the pilot got on the phone prior to landing and stated the temperatures at the airport was 32 ... » read more | |
| Monday Dec 5, 2016 | |
| This is the time of year when we start to focus on winter weather and the effect on demand. While during the summer, that demand is a measure of electric cooling load, winter demand shifts to space heating particularly in the Residential-Commercial sector of the economy. This becomes the most important measure of natural gas consumption because of the direct correlation between changes in temperature and the thermostat setting for your average household furnace. This is unlike the electric load that must be served by the power grid during the summer. There are many ... » read more | |
| Friday Dec 2, 2016 | |
| As we roll into December, the Pacific Northwest Water Year is two month's old with the most volatile period in front of us as everyone is focused on the January - July time frame. During the month of December, the weather is a lot colder to where the precipitation in the higher elevated areas is in the form of snowpack not rainfall. This is quite different than the first two months, where October saw record rainfall along the Cascades. As a result, the hydro system's run of river dams saw a huge increase in output starting with the Westside ... » read more | |
| Thursday Dec 1, 2016 | |
| If you lived in the Texas Panhandle or West Texas, this past weekend could have seemed a little weird as you laid on the couch full of Thanksgiving turkey. The weirdness was felt outside as the wind was blowing to a point that ERCOT broke its existing wind generation of 14,100 MW. Slightly after noon, gusts along the Gulf Coast, Panhandle and Western part of Texas generated 15.033 MW of wind. Since it was a holiday weekend, this accounted for more than 45% of the state's energy at the time. Figure 1 | ERCOT Wind Generation - Heavy Load Average Such an ... » read more | |
| Wednesday Nov 30, 2016 | |
| Over the year's all eyes have been on California when it comes to the Renewable Portfolio Standard (RPS) and the Carbon Tax (CARB) implemented a couple of years ago. We have seen the renewable penetration take its course as the CAISO grid continues to see more solar capacity be apart of the market. Figure 1 | CAISO Solar Generation - Super Peak Average This along with an increase in imports from the Pacific Northwest has triggered less thermal generation within CAISO footprint. Figure 2 | CAISO Thermal Generation - Heavy Load Weekly Average How does this ... » read more | |
| Tuesday Nov 29, 2016 | |
| Much of the talk around Aliso Canyon since its shut down last winter was how in the event of a demand spike will SoCal Gas Company be able to serve the needs of its load absent the withdrawal capabilities of its largest storage cavern. For years the Aliso Canyon storage basin has been there to provide reliable supply to the state of California. This is the first time in nearly forty years that this cavern is unavailable for the winter withdrawal season. During the summer, episodes of high demand were caused by electric generators meeting the cooling demand on the ... » read more | |
| Monday Nov 28, 2016 | |
| Over the past six weeks, the State of California has seen above normal precipitation with October being one of the wettest on record. After taking a little pause at the beginning of November, the past week has increased the total level by 3.3 inches. This puts the percent of average right around the 192% mark as of this past weekend. Figure 1 | CDEC Precipitation Levels - Inches As you can see in the chart above, the current year's pattern is similar to two years ago when the back half of November and all of December was quite wet only to flatten out ... » read more | |
| Wednesday Nov 23, 2016 | |
| Prior to this week, the longer term weather forecasts have been calling for moderate weather in the Southwest and Southern portion of California between December and March. This gave the market participants confidence that everything was going to be ok when it came to having enough gas to balance the SoCal system sendouts. Over the past year, SoCal Gas has been dealing with the Aliso Canyon leak which has hindered their ability to inject gas. The summer saw some heat but nothing that really stretched the system. What we did see on the days that were ... » read more | |
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