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…
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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…
US Natural Gas Inventory Projected at 62 BCF
Consensus is that the Energy Information Agency will report a 62 billion cubic feet (BCF) build in natural gas inventories for the week ended July 15. Low side estimates were 57 BCF and high side was 80 BCF. The five year average for this week of the year is 67 BCF. Assuming last week’s numbers were. Read the Rest…
Ray Perryman Weighs in on Devastating EPA Ruling Affecting Texas
Ray Perryman is one of the leading economists that probably has as good of a pulse on the Texas market as anyone. He weighed in on last week’s EPA ruling and providing some projections regarding the real impact that the ruling could have on Texas. Apart from the technical and pragmatic issues involved, approximately 3,000. Read the Rest…
