Energy News

Weekly trends and insights on the Natural Gas and Electricity Markets
Electricity Markets ERCOT set a new all-time peak demand record at 74,531 MW. Although Texas has seen some volatility amid the heat, they seem to be handling well versus the previous highs experienced last year when temperatures soared. NYISO, ISO-NE and PJM all remained fairly flat over the report week.
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Electricity Markets ERCOT electric prices continued to show summer volatility pressure over the report week. The other ISO’s were mostly flat with minimal movement in any direction.
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Electricity Markets ISO New England set a new system peak demand on July 30 hour ending 6pm. The peak was set at 23,972.73 MW, it was enough to surpass the peak hour from July 20, although this was well below the 24,500 MW the ISO forecasted. Each of the ISO’s were down over the report week with the exception of ERCOT, which has continued to fluctuate in large part with summer weather demand.
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Electricity Markets Peak electricity demand days were reported in ISO-NE, NYISO and PJM on Friday and Saturday. By the end of the report week, most of the strong heat began to taper off, putting downward pressure on prices.
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*On 7/18 we sent out a notification to be on alert for peak energy demand potentials for Friday and Saturday. With the increased temperatures, loads were indeed elevated on these days. PJM hit a peak day on Friday hour ending 6pm with a peak demand of 152,315 MW. NYISO hit a peak of 30,397 MW hour ending 5pm on Saturday as did ISO-NE hour ending 7pm at 23,853 MW.   Electricity Markets There has been some brief volatility in the electric market over the last few weeks. The consensus is...
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Electricity Markets After weeks of downward movement, the electric ISO’s experienced some upward pressure over the report week.
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Electricity Markets ISO-NE electric prices continue to slide, reaching lows last seen in late winter of 2017. PJM also trailed off over the report week, while NYISO and ERCOT were slightly up and down.
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Electricity Markets ISO-NE electric held steady week over week. NYISO, PJM and ERCOT prices all trailed downward. Electric markets all remain very attractive.
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Electricity Markets The overall downward trend on the electric market continued although it slowed a bit. ISO-NE was mostly flat over the report week with the slight drop at the end while. NYISO and PJM were both moving downward and signaling a strong time in both markets to lock in prices. As of April 1, CES, RECs and ZECs increased in NY and will continues to steadily grow as aggressive renewable targets remain a hot topic in the state. With the higher capacity prices now in play for NY, prices...
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Electricity Markets  NYISO electric prices took another small slide over the report week. ISO-NE and PJM remained flat while ERCOT saw a slight tick up.
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Electricity Markets Electric prices continued to soften over the report week. Capacity across the board is down as is the wholesale cost of energy. NEISO slipped to the lowest levels it has seen since February/March 2018. PJM was traded at levels last seen at the end of 2017. ERCOT has yet to see any change in weather leading to a lack of volatility there. Although prices are currently very attractive, we must not lose sight of other market variable like the 600 MW of base-load generation that was retired with...
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Electricity Markets NEISO took another slide and hit the lowest levels the ISO has seen in over a year. As of June 1st after several years of increasing pricing in the capacity markets, all NE regions will see relief going forward. There was some up and down action in the remaining regions as NYISO, PJM & ERCOT all seemed to converge by the end of the report week.
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Electricity Markets Electric prices dipped over the report week. 12-month average prices in PJM are closing in on NYISO. The middle of summer ’18 was the last time forward prices for NEISO were at a level similar to what we are currently seeing. There has been a drop in future years as well, helping to lower multi-year contract prices. The Pilgrim plant will be permanently closing on 5/31/19, and the market may see reaction on prices, most likely for the upcoming winter terms. New capacity tags were released for NYISO...
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Electricity Markets Another fairly quiet week for the electric markets. ISO-NE, PJM and ERCOT were slightly down and then ended the report week about even with last week. NYISO was the one exception and stepped up a small amount.
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Electricity Markets PJM electric prices fell over the report week while NYISO was about even to last week. PJM & NYISO used to be much more tightly traded. However, the past few years NYISO has pulled away, tied in large part to downstate nuclear plant closures creating upward pressure. ERCOT took a slide and for the time being may be feeling slightly better about summer demand. Even with low natural gas prices, electric may no longer follow suite as closely, and this price point could be the new norm.
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Electricity Markets The electric markets came up just slightly over the report week. Over the past few weeks the near-term prices have slowly come down, while the out years (2020,2021,2022) have been steadier without much change from week to week.  There is an upward trend developing in the NYISO capacity markets tied in part to plant closures. NYISO only runs auctions 6 months in advance so it will be important to monitor how volatile this becomes. ERCOT is an example of the type of drastic spikes that can happen in...
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Electricity Markets All electric ISO’s took a slide over the report week and prices are attractive. It’s unlikely that the markets will get back to the historically lower levels seen over the past few years as the fundamentals like plant closures have changed the game.
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Electricity Markets All ISO’s saw electric prices come down over the report week. ERCOT saw the greatest decrease, however their market remains uncertain as we move into the summer months.
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Electricity Markets Only a slight tick up on the electric markets over the report week. Prices have been noticeably stable over the past few weeks.
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