banner_img.jpg

Energy Insider Blog

2014-2015 Winter Weather, What to Expect?

Posted by Alberto Rios on Oct 9, 2014 11:59:00 AM

During the fall, meteorologists sharpen their assumption to build their probability weighted winter weather forecast scenarios. From an energy perspective, this is also a critical time of the year. Since it is typically a period of low energy demand, there tend to be seasonal dips that provide good buying opportunities in natural and electricity. This year though, natural gas prices have been seesawing since mid-July 2014 due to the following reasons:

Read More

Topics: Heating Season\, Polar Vortex, Texas Energy, forward curve, winter strip, spot price, energy risk management, energy sourcing, Acclaim Energy Advisors, energy management consulting, energy, energy, energy procurement, energy procurement, weather outlook, weather outlook, reliable energy, energy costs, power generation, Weekly Energy Insights, natural gas, natural gas, Event, energy management, energy management consultants, strategic energy sourcing, reserve margin, Price Spike, energy blog, power outages, Natural Gas Supply, price volatility, reserve, report, energy storage, NG Demand, seasonal drought, energy supply, EIA, Texas, Winter Weather, U.S. energy, NG, forecasting, refueling season, NG contract

5 Things to Monitor for the Balance of 2014

Posted by Jennifer Chang on Jul 28, 2014 10:20:00 AM

A brutal cold start of the year has been followed by moderate temperatures across the country. Natural gas prices have risen significantly since early January 2014, as inventories were being depleted at a faster than normal rate due to higher than normal heating demand. Nevertheless, record production and tepid demand after the spring months triggered a massive selloff in mid-June 2014, with the front month losing more than 20 percent to date. Early concerns of tight supply conditions ahead of the next heating season have eased due to weekly record or near-record injections. Electricity prices have also plunged not only because of the recent drop in natural gas prices, but also because of a drop in heat rates. In Texas, peak load had not been this low in June and July since 2010. Low electricity demand has depressed spot and forward heat rates.

Read More

Topics: energy risk management, energy sourcing, Acclaim Energy Advisors, risk management, energy procurement, energy procurement, weather outlook, reliable energy, demand response, energy reliability, power generation, Weekly Energy Insights, natural gas, Event, economic demand response, energy management, energy management consultants, strategic energy sourcing, Hurricane Season, reserve margin, energy price spikes, renewable energy, Price Spike, energy blog, power outages, Natural Gas Supply, price volatility, reserve, report, energy efficiency, mild weather, energy storage, NG Demand, seasonal drought

Crude Oil and Natural Gas Top Commodity Performers in 2013: Natural Gas Price Action Recap

Posted by Jennifer Chang on Feb 14, 2014 8:43:00 AM

During this winter season, natural gas price volatility has been extreme as temperatures have fallen to unprecedented levels due to the breakdown of the polar vortex. Low temperature records were broken across the U.S., natural gas heating-related demand has risen and natural gas inventories have been depleted at a faster rate when compared to historical benchmarks.  Nevertheless, natural gas has not been the most volatile commodity in recent years according to the U.S. Global Investors Periodic table of Commodities Returns. In the last 10 years, the most and the least volatile commodity returns have been registered in Nickel and Gold respectively. Crude Oil has been a top three performer in four of the last 10 years, while natural gas has only been in this category two out of the last 10 years.   

Read More

Topics: Polar Vortex, energy risk management, energy sourcing, Acclaim Energy Advisors, energy procurement, weather outlook, reliable energy, demand response, energy regulations, energy reliability, energy savings, energy costs, power generation, Weekly Energy Insights, natural gas, Event, energy management, energy management consultants, energy price spikes, Price Spike, energy blog, power outages, Natural Gas Supply, price volatility, Winter Weather, curtailment, Emergency, NG contract

Highest NYMEX Natural Gas Expiration in Four Years: Tough Risk Management Lesson for Some

Posted by Jennifer Chang on Jan 31, 2014 5:16:00 PM

On January 2, 2014, the NYMEX Henry Hub NG February-2014 (front month) contract settled at $4.321/MMBtu, and on January 29, 2014, the contract expired at $5.557/MMBtu (see chart below). This was the highest expiration settlement price for the front month in four years. During the month of January, the front month contract rose $1.24/MMBtu, or 28.6%. The chart below shows that on expiration day (1/29/14) the front month price posted a $0.52/MMBtu or 10% gain for the day. The March 2014 contract followed suit and rallied almost 11%, settling at $5.465/MMBtu. During the expiration day, weather forecasts turned colder than previously expected, so market players that underestimated demand rushed to the market and were clobbered in a short squeeze.

Read More

Topics: energy risk management, energy sourcing, Acclaim Energy Advisors, energy, Energy Solutions, energy procurement, reliable energy, demand response, energy regulations, energy reliability, energy savings, energy costs, power generation, Weekly Energy Insights, natural gas, energy management, energy management consultants, energy price spikes, Price Spike, energy blog, Natural Gas Supply, price volatility, energy supply, U.S. energy, NG, curtailment, Emergency, gas gross production report, price direction, NG contract, NYMEX

NG Spot Prices Reach Record Levels and Boost Power Prices During January 2014

Posted by Jennifer Chang on Jan 24, 2014 5:17:00 PM

Two ruthless surges of arctic air, east of the Rockies, have taken over the eastern half of the country this month. The latest forecasts suggest that this weather pattern will continue to linger through the end of the month. Sub-zero temperatures are expected in the upper Midwest cities and the great lakes, including Chicago, Minneapolis and Detroit and possible below zero temperatures as far south as the Ohio River. Factoring in wind chill, temperatures are expected to be 20 or 30 degrees below zero. This weekend a couple of Canadian clippers will be followed by another arctic surge through mid-next week with conditions that could rival those from January 6, 2014. A Canadian clipper (a.k.a Alberta clipper) is a storm system during the winter months that originates from the Canadian Province of Alberta (or there close by). The term "clipper" originates from the quick speeds of clipper sailing ships.  Thus, an Alberta clipper is a quick-moving winter storm system originating from Alberta, Canada. A clipper will usually bring smaller bursts of snow (generally 1-3 inches) along with colder temperatures and often times gusty winds (The National Oceanic and Atmospheric Administration).

Read More

Topics: energy risk management, Acclaim Energy Advisors, risk management, energy, Energy Solutions, energy procurement, weather outlook, reliable energy, demand response, energy regulations, energy reliability, energy savings, energy costs, power generation, Weekly Energy Insights, natural gas, Event, energy management, energy management consultants, energy price spikes, Price Spike, energy blog, energy supply, Winter Weather, U.S. energy, Peak Demand, mid-atlantic, new england, NG

Natural Gas Market Supplies Tighten On Higher Than Normal Draws- Are You Protected Against Price Spikes?

Posted by Jennifer Chang on Jan 21, 2014 10:18:00 AM

So far, the 2013-2014 winter has been exceptionally cold across the eastern half of the U.S. Arctic outbreaks and the bitter cold winds from the Polar Vortex have spilled across major natural gas consuming regions. Massive draws from inventory have been needed to meet surging demand for heating from the residential, commercial and electric power sectors. This season has been characterized by withdrawals that have been much larger than average.

Read More

Topics: Heating Season\, Polar Vortex, energy risk management, energy sourcing, Acclaim Energy Advisors, energy management consulting, risk management, energy, energy procurement, demand response, energy regulations, energy reliability, energy costs, power generation, Weekly Energy Insights, natural gas, energy management, energy management consultants, energy price spikes, Price Spike, energy blog, Natural Gas Supply, energy supply, U.S. energy, capacity markets, refueling season

More Nuclear Power Plants to Refuel in 2014 Compared to 2013: How Could This Affect Natural Gas Prices?

Posted by Jennifer Chang on Jan 17, 2014 1:34:00 PM

Platts recently reported that the 58 U.S. nuclear power plants totaling almost 60,000MW are expected to refuel in 2014, compared to 54 units totaling over 55,000MW in 2013. The analysis is based on historical refueling data from the US Nuclear Regulatory Commission.

Read More

Topics: energy risk management, Acclaim Energy Advisors, energy management consulting, energy procurement, reliable energy, energy regulations, energy reliability, energy costs, power generation, Weekly Energy Insights, energy management, energy price spikes, Price Spike, power outages, U.S. energy, capacity markets, nuclear units, power plants, refueling season

Arctic Blast Shuts Down 20% of PJM's Installed Capacity-Conservation, Demand Response and Power Imports Save the Day

Posted by Jennifer Chang on Jan 12, 2014 10:49:00 AM

PJM is the largest regional transmission organization (RTO) in the U.S. and coordinates wholesale operations in all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia.

Read More

Topics: ERCOT, energy risk management, Acclaim Energy Advisors, energy management consulting, risk management, energy, Energy Solutions, energy procurement, weather outlook, reliable energy, energy regulations, energy reliability, PJM, energy savings, energy costs, Weekly Energy Insights, energy management, energy price spikes, energy blog, power outages, Winter Weather, U.S. energy, load generators, RTO

The Imminent Challenge of Renewable Energy

Posted by Jennifer Chang on Dec 17, 2013 5:19:00 PM

A great deal has been made out of the need to shift away from coal fired power plants and toward renewable energy sources, such as wind and solar in the U.S. While this is certainly a laudable goal, the full impact of a move to renewable power generation has consequences beyond simply reducing emissions and finding alternative power sources. Specifically, determining how to effectively integrate these new power sources, particularly wind and solar, which are highly variable and can go from zero to full production almost instantaneously, pose significant challenges for grid operators.

Read More

Topics: system operators, coal, energy risk management, energy sourcing, Acclaim Energy Advisors, risk management, energy, energy procurement, demand response, energy regulations, energy reliability, energy savings, energy costs, power generation, Weekly Energy Insights, natural gas, economic demand response, energy management consultants, strategic energy sourcing, energy price spikes, renewable energy, energy supply, U.S. energy, load generators

Is Solar Power a Shining Promise?

Posted by Jennifer Chang on Dec 12, 2013 2:58:00 PM

The promise of solar energy has been around for decades, but we may be moving past the dawn of the solar age into the early morning hours. With the Obama administration’s desire to move to 20% of all electricity coming from renewable energy by 2020, solar energy is likely to play a key role. Steps are already being taken to make the permit process and the development of solar energy more efficient and less costly. A closer examination of solar energy trends reveals that top corporate users of solar power have deployed over 400MW at nearly 1,000 facilities in 30 states (source: Solar Energy Industries Association).

Read More

Topics: energy risk management, Acclaim Energy Advisors, Energy Solutions, energy procurement, reliable energy, energy reliability, energy savings, energy costs, solar energy, solar development, SRECS, power generation, solar industry

   

Subscribe to Email Updates

Want More Industry News?

Visit the Acclaim Energy "Industry News" page to stay-up-to-date on the latest news and events happening within the energy industry. 

Industry News

MOST POPULAR POSTS

Posts by Topic

see all

CONNECT WITH ACCLAIM