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Energy Insider Blog

Natural Gas Prices Rise Ahead Of Inventory Data

Posted by Alberto Rios on May 9, 2012 5:48:00 PM

Energy Insights: May 9, 2012

Natural Gas closed today at a two month high on expectations of slower production and the prospect of more demand for the fuel by natural gas fired generation. Tomorrow, 5/10/2012, all eyes will be on the EIA’s storage report release at 9:30am CST. Expectations on the injection number for the week ending on 5/4/2012 range from 25Bcf to 55Bcf. This range is well below the average. Last year for this week, gas storage rose by 71 billion cubic feet, while the five-year average rise in the week is 84 billion cubic feet.

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Topics: ERCOT Heat Rates, Acclaim Energy Advisors, energy management consulting, Energy Solutions, Weekly Energy Insights, natural gas

Price Caps To Increase by 50% in Texas in 2012

Posted by Alberto Rios on May 7, 2012 11:53:00 AM

PUBLIC UTILITY COMMISSION OF TEXAS (PUCT) TENTATIVELY APPROVES OFFER CAP INCREASE

On 4/12/12, the (PUCT) voted 2-1 to move forward with a proposal that would allow wholesale prices to climb to $4,500/MWh when supplies are tight, up from the current $3,000 price cap. This change will be effective from 8/1/2012 to 5/31/2013. None of the three commissioners disagreed on the need to raise wholesale prices during times of supply scarcity, only the timing and the method.

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Topics: ERCOT Heat Rates, Acclaim Energy Advisors, energy management consulting, Energy Solutions, Weekly Energy Insights, natural gas

Price Caps To Increase by 50% in Texas in 2012

Posted by Alberto Rios on Apr 18, 2012 5:33:00 PM

Energy Insights: April 18,2012

Forward heat rates in ERCOT have increased as a result of actions taken by the Public Utility Commission of Texas (PUCT).

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Topics: ERCOT Heat Rates, Acclaim Energy Advisors, energy management consulting, Energy Solutions, Weekly Energy Insights, natural gas

Fresh 15-year Lows in NG Futures

Posted by Alberto Rios on Apr 11, 2012 4:43:00 PM

Energy Insights: April 11, 2012

The supply overhang keeps pressuring NG futures lower, and there is greater market consensus that an additional 20%-30% drop is not out of the realm of possibilities.

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Topics: ERCOT Heat Rates, Acclaim Energy Advisors, energy management consulting, Weekly Energy Insights, natural gas

NG Rally a Dead Cat’s Bounce?

Posted by Alberto Rios on Apr 3, 2012 3:54:00 PM

Energy Insights: April 3, 2012

Natural gas storage is currently at 60% of capacity, and stockpiles will continue to increase through spring. Currently, the natural gas price action has been dictated by technical indicators; however, as we get more information from the inventory expansion rate, fundamentals should push prices lower.

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Topics: ERCOT Heat Rates, Acclaim Energy Advisors, energy management consulting, Weekly Energy Insights, natural gas

   

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