Energy News

Weekly trends and insights on the Natural Gas and Electricity Markets
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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Electricity Markets ISO-NE & PJM electric prices dropped off slightly over the report week. ERCOT continues to slide, now falling to pre-summer levels. As we move into July, some of the panic in Texas regarding the restricted capacity has decreased as the market has made it through in good shape thus far.
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Electricity Markets Electric continues to move up gradually across most of the ISO’s. This steady upward trend is likely tied to the increase in the underlying increase in the Henry Hub natural gas pricing as the supply and demand balance tightens, and the increase in the price of oil. The period of panic in ERCOT has seemed to retreat. We have seen similar reaction to events in the Northeast like the polar vortex when the market reacts sharply for a brief time period.
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Electricity Markets As you may be aware, a significant heat wave is expected over the coming week or so. With the heat comes the likelihood of increased electricity demand for various ISO’s that you may do business in. We are advising customers to be extra mindful, especially on Monday 7/2 and Tuesday 7/3, as there is the possibility to set annual peak energy demand for the year on these days. We recommend that customers with interval meters reduce their electricity use if possible. Please note, by planning to curtail your...
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Electricity Markets There was a small dip in electric prices in most ISO’s. ERCOT was the exception where there was a big slide over the report week. Volatility here might have been a little over reaction, however there is still a lot of summer left to get through. With an estimated 20,000 MW of wind generation in Texas, this is a big factor in their overall power generation mix. Renewables when producing are great, however when they are not, something else has to quickly pick up the slack or we...
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Electricity Markets ISO-NE started moving in an upward trend, and is once again the highest priced market we report on now that ERCOT has leveled off for the first time in a while. NYISO also began climbing after a very stable period, both most likely tied to slight increases in natural gas pricing. Not much change in PJM.
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Electricity Markets ISO-NE continues to see a slight upward trend, however overall the summer months are usually a quieter time in this region. ERCOT prices came down over the week but remains volatile. With the Texas economy doing well, this has led to load growth. In 2011 a similar pattern arose when the area was tight on capacity and a big spike occurred. DOE has been in discussion about what role does nuclear and coal play in grid resiliency. Destabilization in the NY markets is possible as the future of...
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Electricity Markets ERCOT electric pricing has now surpassed ISO-NE for the time being as they climbed from the lowest priced market to the highest that we report on. The remaining markets saw little change throughout the week.
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Electricity Markets There was an uptick in forward electric prices across the board. ISO-NE has been on a steady march upward over the last few weeks. ERCOT again saw another big jump as warm weather and continued uncertainty about how the coal plant closures could be even more dramatic if there is a warm summer in Texas. It’s important to keep in mind that with the closures of Indian Point and Pilgrim plants, there is the potential that something similar could happen in the Northeast. With prices still relatively low...
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