Tropical Weather Outlook and Energy Management
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.
Posted by Alberto Rios on Aug 1, 2012 2:29:00 PM
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
Posted by Alberto Rios on Jul 23, 2012 8:56:00 AM
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
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
Posted by Alberto Rios on Jun 14, 2012 5:11:00 PM
Today the NYMEX NG July-2012 contract settled 14% (or $.298/MMbtu) higher and CAL-2013 settled 4.2% (or $.14/MMbtu) higher compared to yesterday’s marks. Prices continued the upward trend in after hours electronic trading. This week we cover how to manage current volatility and avoid getting caught in a short squeeze.
Topics: ERCOT Heat Rates, Acclaim Energy Advisors, energy management consulting, Weekly Energy Insights, natural gas
Posted by Alberto Rios on May 31, 2012 6:38:00 PM
After reaching $2.75/MMBtu on 5/18/2012, price action for the June-2012 contract seesawed up until Thursday 5/24. Since then, NG futures have tumbled almost as fast as they rose. The decline showed that sustained prices above $2.50/MMBtu likely would inspire some switching back to coal.
Topics: ERCOT Heat Rates, Acclaim Energy Advisors, energy management consulting, Energy Solutions, Weekly Energy Insights, natural gas
High volatility in NG futures ahead of storage data release. Fresh news will give the market more direction; however, this is becoming a weather driven market again, so prices will swing as conditions change. Regarding the electricity market, on 5/22/2012, ERCOT released a new long-term study which confirmed the potential of electricity shortages within the coming decade as electric use in Texas continues to hit new records.
Topics: ERCOT Heat Rates, Acclaim Energy Advisors, energy management consulting, Energy Solutions, Weekly Energy Insights, natural gas
Natural gas futures have risen sharply from the 10-year lows set last month. This rally has been driven by a combination of an increase in demand (mainly from coal to natural gas switching) and an increase in production cuts.
Topics: ERCOT Heat Rates, Acclaim Energy Advisors, energy management consulting, Energy Solutions, Weekly Energy Insights, natural gas
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.
Topics: ERCOT Heat Rates, Acclaim Energy Advisors, energy management consulting, Energy Solutions, Weekly Energy Insights, natural gas
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.
Topics: ERCOT Heat Rates, Acclaim Energy Advisors, energy management consulting, Energy Solutions, Weekly Energy Insights, natural gas
Forward heat rates in ERCOT have increased as a result of actions taken by the Public Utility Commission of Texas (PUCT).
Topics: ERCOT Heat Rates, Acclaim Energy Advisors, energy management consulting, Energy Solutions, Weekly Energy Insights, natural gas
Visit the Acclaim Energy "Industry News" page to stay-up-to-date on the latest news and events happening within the energy industry.