The folks from ERCOT warned state legislators recently that another extreme summer could tax the grid beyond the current electricity power reserves. According to H.B. “Trip” Doggett, president and CEO of ERCOT, the conservation effort put forth by Texans last year was great, but more would be needed this summer to survive without facing rotating. Read the Rest…
Monthly Archive
for: ‘February, 2012’
Natural Gas Rallied 5.9% Thursday
The Energy Information Administration (EIA) reported yesterday that 127 BCF of gas was withdrawn from storage last week, compared to the market expectation of a 119 BCF withdrawal. As a result, natural gas futures rallied Thursday— up 5.9 percent—and prices continue to edge higher today. The withdrawal rate was well below last year’s 230-bcf draw. Read the Rest…
Natural Gas Loses Yesterday’s Gains
According to a report from Dow Jones Newswires, natural-gas futures prices were trading lower Friday on expectations that the rest of winter weather won’t be enough to put a dent in the oversupply of natural gas in storage. Prices failed to follow through on Thursday’s sharp 7.2 percent rise, as updated temperature outlooks show below. Read the Rest…
Electricity Prices at a 10 Year Low
We are currently seeing electricity prices as low as we have seen in the past 10 years. In Texas the price of electricity is tied directly to the price of natural gas. In other markets such as Pennsylvania the price is also tied to natural gas although the correlation is not as tight as it. Read the Rest…
