Energy News

Weekly trends and insights on the Natural Gas and Electricity Markets
Electricity Markets The 12-month forward strip for NYISO continues to remain elevated by the 3 months (Jan, Feb., Mar.) of high winter prices, while the rest of the 12-month strip is reasonable value. Over the past few weeks ERCOT has bounced all over. Texas is not impacted by the winter but with retirement of old units, and the load increasing due to economy growth, unease remains regarding capacity for next summer.
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Electricity Markets Wholesale energy average for the 12-forward months has been volatile across the board, following the trends of natural gas. Over the report week, NYISO spiked and then dropped and ERCOT has been all over the place. ISO-NE rose above $0.05 cents, and then retreated back where prices were trading about 2 weeks ago. In PJM, the tightness in supply has historically greatly affected price, and that trend continues. All volatility appears in the near-term months. The upcoming spring/early summer months are trading close to or below last year.
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Electricity Markets The electric markets continue to show volatility as it follows the uncertainty surrounding the upcoming winter and natural gas prices.
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Electricity Markets This graph depicts the average of the forward 12 months of electric pricing in each region. Over the report week there was another large increase in each ISO as a result of panic in the natural gas markets.
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Electricity Markets The natural gas markets experienced a gap up in prices over the report week, in turn impacting the price of electric in all markets. ISO- NE had been on somewhat of a downward slope prior to this run up. It is important to keep in mind how the generation mix will continue to change in the coming years. In NY, Indian Point Nuclear Plant is set to phase out in 2020 and 2021. This plant supplies approximately 1/3 of the power going into NYC. Although renewables are on...
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Electricity Markets NYISO, ISO-NE and PJM were fairly flat over the report week. ERCOT saw a slight decrease.
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Electricity Markets New York experienced isolated volatility in daily pricing but saw little change week over week in the forward average. Texas took another upward leap and is at its highest level since the first week of June.
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Electricity Markets Most zones saw relatively flat pricing this week. Some day to day volatility tied back to the NYMEX futures.
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Electricity Markets New England and New York saw decreases in forward pricing. The 12-month average is primarily driven by the near-term months of November to February; outward months and years are still opportune.
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Electricity Markets ERCOT has once again risen above PJM pricing and ISO-NE has seen another sharp increase this week. This continued trend can be linked to the underlying cost of natural gas.
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Electricity Markets Electric pricing is up across all markets. New England has extended its steep upward movement with the increase largely tied to the underlying price of natural gas. New York is up from some of the lows that we’ve seen but the opportunity for good forward pricing remains.
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Electricity Markets Electric prices have increased in all markets; New England is approaching levels not seen since 2015. These increases appear correlated to the underlying price of natural gas.
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Electricity Markets Over the report week, NYISO and PJM were relativity flat while ISO-NE continued its upward trend.
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Electricity Markets Although wholesale energy is up a bit week over week in NYISO, capacity is down, making all in price still very attractive. PJM is appearing to handle the summer loads very well with mostly stable prices. There has been very little volatility in this region given the very warm temperatures and they have been good at adapting to changes such as coal and nuclear plant closures. In recent weeks, ERCOT has begun to mirror PJM. Both markets prices are partially being set by high efficiency natural gas generation...
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Electricity Markets Electric markets were relatively stable, despite scorching hot temperatures across much of the country that attributed to peaking demand in many of the country’s ISOs. Both NYISO (hour ending 5 p.m.) and ISO-NE (hour ending 6 p.m.) hit their peak demand levels on Tuesday 8/28 and then again were reset on Wednesday 8/29.
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Electricity Markets NYISO, ISO-NE and PJM all continue to see a very slow trend upward.  Over the last few years seasonal extremes one way or another for both summer and winter months has driven the markets. ERCOT is still very unsettled with prices all over the board as the region is trying to determine its position and searching for a comfort level. Recently the EPA proposed the Affordable Clean Energy (ACE) rule as a replacement for the Clean Power Plan (CPP). The new process could allow coal plants to stay...
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Electricity Markets Not much activity for most of the ISO’s over the report week, with the exception of ERCOT, which shot up again. ISO New England Increases Capacity Reserve Margin ISO New England (ISO-NE) has increased its capacity reserve margin for the 2018/2019 capability year from 39% in 2017/2018 to 53%.  Capacity Reserve Margin is used to adjust the previous year’s peak hour load to a level that ISO-NE has forecasted will be needed to maintain system reliability. This increase was a result of the relatively low peak demand established...
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Electricity Markets Steady run up in the underlying price of natural gas over the past two weeks, which is having an impact on the price of electricity. In PJM and NYISO price movement was fairly small throughout the week, though generally increasing. However in ISO-NE, price movement tended to be a bit larger than the other northeastern markets compounded by the increase in the Algonquin basis. It appears for the time being that prices have bounced off the lows and we’ve seen prices climbing back up. Also noteworthy in New...
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Electricity Markets ISO- NE electric prices continue to slowly creep upwards. ERCOT was down over the report week and slide just below NYISO for the first time since this past winter.
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Electricity Markets ISO-NE and PJM electric markets were up slightly on the heels of some natural gas price increases. NYISO was down a minor amount. It appears that Texas has come through a very hot period, setting an all-time peak record over the report week.
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Rochester, NY- July 26, 2018- Gavin Hall, a Pittsford, NY native and University of Texas alumni, made his European Tour debut today in Hamburg, Germany at the 2018 Porsche Open. Hall’s appearance on the PGA EuroPro Tour will be his first start after being sidelined with an injury for the past 7 months. Power Management is a local sponsor for Hall and looks forward to supporting him during the 2018/19 professional season.
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Electricity Markets Slight drop in most electric markets over the report week. Natural gas had a steady rundown, influencing these electric prices. Texas rebounded a bit, as the system is currently very stressed in ERCOT as they experience a warm summer.
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