Energy News

Electricity Markets The report week brought slight gains in each of the electric markets. Overall forward prices for PJM markets have been ticking higher as the Ohio nuclear bailout issue continues to cause uncertainty. The summer is not over but ERCOT pricing has remained in check as its grid has performed very well so far this year.
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Electricity Markets ERCOT forward electric market came way down over the report week, even with the warm temperatures and high loads. Wind generation has been constant and given comfort to TX, causing prices to level out. The remaining ISO’s are all down week over week. It’s a positive sign that there have been no big price spikes regardless of hitting peak loads Monday 7/20 in NYISO, ISO-NE and PJM. All areas are expected to hit a new peak load today 7/27. ISO-NE announced that they have approved funding to put...
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Electricity Markets NYISO, PJM & ISO-NE all saw some slight gains on the electric market over the report week.  Future prices continue to trade higher than the near-term. Still in a good range, but not at the lows we have seen. ERCOT was down over the report week however we have a lot of summer to go, and Texas is still at risk.
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Electricity Markets All electric markets rose in response to the underlying cost of natural gas. ERCOT saw the largest increase week-over-week as summer peak pricing spiked in response to rising temperatures which brought higher demand to the system.
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Electricity Markets All electric in the near-term markets fell in response to the tumbling underlying cost of natural gas. Winter peaks in ISO-NE dropped as strong storage numbers and prolonged reopening procedures drive down demand concerns.
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Electricity Markets The NYISO and ISO-NE continued their upward trend as mild temperatures persisted and the Northeast continued through their re-opening procedures. PJM and ERCOT both declined on average with the most significant week-over-week change observed in Texas as anticipated summer peaks in July dropped once again.
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Electricity Markets All ISOs, with the exception of ERCOT, saw a week-over-week gain. ISO-NE experienced its largest jump in the near-term; long-term pricing remains a very good value across all regions. NYISO movement may be related to the recent shutdown of the first of Indian Point Nuclear Power Plant’s two generators.
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Electricity Markets Each of the ISO’s saw a small gain in electric pricing over the report week with the exception of ERCOT which had a considerable spike upward. Texas is forecasting very high temps into the early and mid-part of June. The potential for record demand levels and price spikes in Texas continues to exist.
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Electricity Markets Electric prices in NYISO, ISO-NE and PJM fell over the report week while ERCOT had a sharp turn upward.
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Electricity Markets Small uptick in all electric markets on the heels of increased near-term natural gas prices.
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Electricity Markets All electric ISO’s took a slide over the report week following a drop in natural gas prices.
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Electricity Markets All ISO’s saw a gain on the electric market over the report week with the exception of ERCOT. The biggest spike was seen in NYISO, were the Indian Point Unit 2 closure recently took place. The impact of this generation may have been understated and we will see where prices move absent this significant amount of generation. The biggest change may be in the winter months when this base load capacity is out downstate and needs to be replaced with natural gas.
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Electricity Markets With the exception of NYISO, the rest of the ISO’s moved down slightly following lower natural gas prices over the report week. NYISO trended up just slightly, possibly tied to Indian Point being close to going offline.
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Electricity Markets Electric markets picked up over the report week. There was a spring up in all markets, smallest being in NYISO, while PJM, ISO-NE and ERCOT all saw a good adjustment. The increase in electric prices is due in large part to the natural gas markets rebounding.
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Electricity Markets ISO-NE and ERCOT electric prices continued to climb over the report week while NYISO and PJM flattened out.
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Electricity Markets Forward electric prices are up across all markets. The shift can be attributed to the increase in both natural gas and oil prices.
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Electricity Markets Electric markets held largely steady for another week in a row. It’s important to remain aware however of market variables in various regions that could begin to impact these low prices. In NYISO, Somerset Coal Plant officially closed its doors, taking 600-700 MW of capacity out of the market. In April, the 1st unit of Indian Point Nuclear plant will shudder another 1,000 MW of capacity and next April 2021, the second unit will close with 1,000 MW more being taken offline. Capacity will likely begin to creep...
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Electricity Markets The suppressed activity on the energy markets continued into the last week of March. ERCOT was the only market that saw a slight tick up on the electric market, while the other ISO’s held steady.
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Electricity Markets The downward trend in the electric and natural gas markets continued over the report week. With the erosion of demand in correlation to the Coronavirus, this should come as no surprise. ERCOT has come down quite a bit, starting to approach last year’s lows. Strong, favorable pricing remains in NYISO, ISO-NE and PJM.
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Electricity Markets Pricing held steady across New York, New England, and PJM this past week as the underlying cost of natural gas remains historically low. Texas saw a drop in forward rates after ERCOT announced no concerns for capacity restraints in their spring forecast as well as confidence in their summer season.
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Electricity Markets Pricing remains low across ISOs this week as the underlying cost of natural gas continues to be extremely low. Halted LNG exports due to the fear of the Coronavirus are a contributing factor.
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Electricity Markets Pricing fell across all ISOs as the underlying cost of gas dropped over the last market week.
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