Not only will the new federal air quality legislation—the Cross-State Air Pollution Rule—cause electricity prices to spike, but according to PUC chair, Donna Nelson, the dependability of the grid will be jeopardized as well. “I have no doubt in my mind that this rule will result in reliability issues and rolling outages in Texas,” Nelson. Read the Rest…
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for: ‘Energy Broker’
Cooling Trend Affects Natural Gas Futures
Even though Texas is still in a holding pattern of broiling heat, other regions such as the Midwest and Northeast should see a cooling trend over the next two weeks according to the National Weather Service. As a result of moderating temperatures, natural-gas futures decreased sharply to a one-week low Tuesday. Industry weather group Weather. Read the Rest…
Wind Power Helps ERCOT Keep Humming
While the power grid across Texas was in a state of double jeopardy last week, Texas’ wind turbines—especially those along the Gulf coast —generated enough power to keep things humming during peak demand. Officials with ERCOT repeatedly gave wind power’s contribution the nod during last week’s power crisis. ERCOT President H.B. Trip told reporters, “We. Read the Rest…
Oil Prices Plummet While Electricity Continues to Spike
A continuation of the brutal heat wave across Texas is keeping power prices in ERCOT on the upswing. Monday morning, ERCOT trades for next-day peak hours went through around $450 and off peak trades went through in the upper $20’s. Triple digit temps and power plant outages caused ERCOT to initiate emergency procedures nearly every. Read the Rest…
Natural Gas plunges; Wholesale Electricity Prices Soar
According to the Dow Jones Newswires, natural-gas futures plunged Thursday, falling below $4 after the U.S. government reported a larger-than-expected weekly build in U.S. inventories. Natural gas for September delivery recently traded down 12.6 cents, or 3.1 percent, to $3.964 per million British thermal units on the New York Mercantile Exchange. The last time the. Read the Rest…
