Energy News

Weekly trends and insights on the Natural Gas and Electricity Markets
Electricity Markets Electric pricing in ISO-NE saw a slight increase over the report week. The remaining ISO’s were mainly flat or saw minimally movement downward.
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Electricity Markets Electric pricing in Texas and New York was quiet last week while New England and Pennsylvania continued to drop off. Rates now mirror some of the lowest we’ve seen since this past summer.
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Electricity Markets Electric prices were broadly flat with Texas observing a slight drop. Forward pricing is still very attractive and trading quite near the lows of this past summer. Upward pressure is likely to be seen in the NYISO due to the impending closures of the first generator at Indian Point nuclear power plant in April 2020 as well as the just-announced closure of the coal-fired Kintigh Generating Station in Somerset, NY.
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Electricity Markets Electric prices in all ISO’s dropped pretty significantly over the report week. The run up was likely in part based on the anticipation of cold weather. Most recently predictions are calling for December to be milder than normal.  
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Electricity Markets ERCOT continued to climb, facing lingering capacity concern. The remaining ISO’s saw a minimal drop week over week. ISO-NE is about even to where the market was last month. Although NYISO is up since a month ago, in combination with the capacity market, prices are still at attractive levels. Nuclear closures, an uncertain winter outlook, and natural gas fundamentals could all effect market conditions moving forward.
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Electricity Markets On the heels of climbing natural gas prices, electric prices in all the ISO’s were up over the report week.
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Electricity Markets Another week of slow downward movement on the electric markets. Markets may see some more easing on prices depending on how natural gas storage performs over the next few weeks. Winter speculation does tend to bring some fear however, so be prepared that fundamentals could always quickly reverse course.
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Electricity Markets ISO- NE prices soften a bit, although the recent run ups can be attributed to elevated Algonquin basis gas prices. As the NYMEX remains attractive, so does NYISO electric prices. The upside risk for ERCOT over the next few years (2021-2023) especially in the summer months remains, as tight generation reserves are likely to strain the system.
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Electricity Markets ERCOT remained flat week over week, while the remaining electric markets all moved up slightly.
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Electricity Markets NYISO, PJM and ERCOT all remained generally flat week over week. ISO-NE spiked up but should come as no surprise as we tend to see these swings and volatility just prior to approaching the winter months.
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Electricity Markets ERCOT flattened over the report week, however current electric prices remain elevated after the lingering heat and lack of wind. The situation in Texas is a prime example of how quickly a stabilized market can become disrupted. Electric prices in ISO-NE and PJM and NYISO were all down, with NYISO reporting the largest slide.
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Electricity Markets PJM & ISO-NE saw upward movement on the electric markets while ERCOT retreated slightly before also moving up again. NYISO on the other hand moved down.
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Electricity Markets Electric has continued a slow and steady increase driven up by natural gas prices, trailing off slightly before the end of the report week. ERCOT continues to face concerns over enough generation to meet the needed load. In addition to the population growth in Texas, with no capacity market, and a large amount of wind generation when hot whether persists as it has, the windmills do no produce at optimal levels and more expensive generation is needed to meet the load. Thus, leading to the run up we...
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Electricity Markets Forward electric markets were driven up over the report week, in part on the heels of higher natural gas prices. All ISO’s saw upward movement with near term energy prices most effected. In addition to the energy component, capacity prices in NYISO are up as well, further driving up the all-in price.
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Electricity Markets ISO-NE electric prices continues to fall, remaining favorable for those who have yet to secure hedging positions moving into the winter season. NYISO was also down on the heels of cooler weather. PJM was flat while ERCOT experienced elevated prices and continues to remain volatile with the presences of hotter temperatures.
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Electricity Markets Energy pricing has remained largely flat over this last week throughout NY, NE, and PJM. The most volatility continues to be seen in Texas as they experience warmer than normal summer temperatures.
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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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