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…
Energy Blog
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…
Electricity Rates Continue to Drop Thanks to Natural Gas
As blogged about in previous entries, the relationship between natural gas and electricity is pretty simple: electricity prices mirror the gas market. Lately, a shale-driven glut of natural gas has cut electricity prices for the U.S. power industry by 50 percent. According to a Jan. 11 research report by Aneesh Prabhu, a New York-based credit. Read the Rest…
Natural Gas Inventories Overstretching Storage Capacity
In natural gas news, inventories continue to increase while prices continue to decrease. With an already robust natural gas supply and demand for natural gas-fired heating weak, analysts are starting to question whether there are even enough places to store U.S. inventories this year. Normally during the winter, the demand for natural gas rises as. Read the Rest…
Updated: Federal Court Halts Clean Air Act Ruling
Electricity producers are breathing a sigh of relief…at least for a few more months. On December 30, it was reported that the EPA must delay implementing rules on interstate air pollution on Jan. 1 because a federal court ruled on the side of electric power producers and granted a stay pending court review. A three-judge. Read the Rest…
