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Energy Insider Blog

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.

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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

2013/2014 Winter Weather Forecast- What to Expect?

Posted by Jennifer Chang on Nov 8, 2013 10:34:00 AM

Besides an uneventful 2013 hurricane season, which “technically” ends on November 30, the natural gas injection season is also coming to an end. According to the Energy Information Administration (EIA) storage injection report released on November 7, 2013, natural gas inventories are 1.5% above the five-year average. The latest near-term weather forecasts suggest that the gap will increase during the next two or three weeks. In other words, according to the EIA, there should be sufficient natural gas in storage to meet the projected natural gas heating demand for the upcoming winter.

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Topics: Acclaim Energy Advisors, weather outlook, weather outlook, Weekly Energy Insights, natural gas, Hurricane Season, EIA, Texas

   

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