Natural gas closed the short week before Easter down 5.3 cents to settle at $2.088 pre MMBTU. This drop was the result of another 42 BCF of gas being injected into storage, which surpassed industry estimates. The natural gas boom is simply flooding the market with more supply then we can consume. The failure of. Read the Rest…
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Have commercial electricty rates hit bottom?
For businesses whose livelihood depend heavily on their commercial electricity usage the question of how low can rates go has been top of mind over the past year. Since the peak in 2008 we have watched a steady price decline of about 75% when you consider the energy only component of your rate. That resulted. 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…
Electric Emergency Alert Issued – Prepare For Blackouts
ERCOT now at EEA 2A (electric emergency alert) now warning for the potential need for rotating outages. Realtime LMP is printing $3000/mwh and ERCOT has run through the bid stack and ancillaries. The word is that Oncor has called on their summer demand response program beginning at 4:00 today and 50% of LAAR has now. Read the Rest…
Emergency Alert From Ercot
ERCOT is implementing the Energy Emergency Alert Level 2B to maintain frequency at 60 Hertz. Emergency interruptible loads are being deployed. While rotating outages are not in place at this time, there is a high probability that they may be implemented. ERCOT is asking the media to notify the public to reduce electricity usage to. Read the Rest…
