The talk of the day has been Isaac. This massive system is still disorganized, perhaps because of its size, but conditions are conducive for its development and for strengthening: low shear winds (5-10 knots) and warm ocean temperatures (29 degrees C). The system will have some land interaction as it makes its way through Cuba, so Isaac should continue to be a Tropical Storm until it regains strength as it makes its way to the Gulf of Mexico over warmer water temperatures (~32 degrees C).
A shift in weather forecasts, calling for milder weather for consuming regions has pushed NG futures down as traders expect a decline of cooling demand. On the flip side, above normal nuclear outages are boosting demand for NG. We expect to see choppy trading in the near future.
A larger than expected injection of 28Bcf triggered a sharp selloff in the natural gas market. Likewise, a shift in forecasts calling for less intense temperatures contributed to the pullback. The September contract is now trading below $3.00/MMBtu, so such price has now become resistance. We have seen bargain hunting at this level; however, the degree of weather driven demand will dictate the next move.
Topics: ERCOT Heat Rates, Acclaim Energy Advisors, energy management consulting, Webinar, Weekly Energy Insights, natural gas
After some choppy trading, Natural Gas futures are pulling back slightly. A shift in forecasts are calling for less intense temperatures for the first two weeks of August.
Topics: Acclaim Energy Advisors, energy management consulting, risk management, weather outlook, natural gas
Last week Acclaim Energy Advisors attended the annual AWBD Conference in San Antonio, Texas. On Friday night, July 20th, Acclaim hosted a party for over 1,000 AWBD attendees where Jerry Jeff Walker put on an unforgetable performance.
Topics: Acclaim Energy Advisors, Event, dynamic load optimization 365, DLO 365, Jerry Jeff Walker, Municipal Utility District Energy
Acclaim Energy Advisors exhibited their new energy reliability solution at the 2012 AWBD (The Association of Water Board Directors-Texas) Annual Conference in San Antonio, Texas. Team members from AT&T and ILS Technologies accompanied Acclaim Energy in launching this low cost, auto-enabled technology that reduces energy expeditures and generates revenue for small and large commercial customers. This solution is know as the Dynamic Load Optimization 365 (DLO 365 sm) powered by AT&T.
Topics: Acclaim Energy Advisors, energy management consulting, Energy Solutions, energy procurement, demand response, Event, dynamic load optimization 365, DLO 365, Municipal Utility District Energy
Topics: Acclaim Energy Advisors, energy management consulting, Webinar, Energy Solutions
Today above normal temperatures and nuclear outages drove prices close to $3.00/MMBtu. The imbalance between supply and demand continues to tighten, so be sure to contact your Acclaim representative to evaluate your current situation.
Topics: ERCOT Heat Rates, Acclaim Energy Advisors, energy management consulting, Weekly Energy Insights, natural gas
During the past two weeks, Natural Gas has traded between a narrow range: $2.75/MMBtu & $2.90/MMBtu. Prices have limited upside potential since some utilities are switching back to burning coal. On the low end of the range, prices are supported by forecasts, which are calling for above normal temperatures in the coming weeks. Click here to watch the Video
Topics: Acclaim Energy Advisors, energy management consulting, Webinar, Energy Solutions
NG futures modestly lower today as expectation of excessive heat have eased per the current 11-15 day forecast. Nevertheless, above normal temperatures are expected across most of the continental U.S., so weather will still offer some price support.
Topics: ERCOT Heat Rates, Acclaim Energy Advisors, energy management consulting, Weekly Energy Insights, natural gas
