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.
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Topics: Heat Rate, REP, ERCOT, Acclaim Energy Advisors, energy management consulting, risk management, energy, Energy Solutions, energy procurement, weather outlook, energy regulations, energy reliability, energy savings, energy costs, Weekly Energy Insights, Event, energy management, energy management consultants, energy price spikes, Price Spike, Winter Weather, U.S. energy, Peak Demand, Emergency
Midwest and Northeast residents have not experienced an arctic blast of this magnitude in more than a decade. The system has moved eastward from Illinois through New England. The all-time record low in Chicago of -11˚F was recorded in 1994 and temperatures on January 6 are expected to be -6˚F, very close to such record. Not only is the storm dumping considerable amounts of snow (5” - 12”), but it is also bringing frigid, below normal temperatures with the coldest air so far this season. Temperatures are expected to be between 20˚F - 40˚F below average in large parts of the continental U.S. through next week. Moreover, sustained 15-50MPh winds are expected, so blizzard warnings have been issued in Cape Code and Long Island. An additional storm behind Hercules will keep temperatures well below normal through early next week.
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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.
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
During the run-up and actual campaign for the Presidency in 2012, the Obama administration was cited for conducting a “war on coal” through various Environmental Protection Agency (EPA) actions, including but not limited to:
Over the last couple of years, significant attention has been paid to the practice of “fracking” in which a slurry of water, sand, and chemicals are injected at high pressure to crack open rock formations which hold natural gas and oil. The use of fracking has fueled the boom in natural gas production and could help the U.S. achieve energy independence by 2030 or sooner. The boom in natural gas production from fracking has kept natural gas, and therefore energy prices, lower than expected. In the mid-2000s, most analysts predicted natural gas prices would reach the $10-11/MMBTU range as compared with the current price of less than $3.50/MMBtu. In short, technology improvements have allowed producers to unlock previously uneconomic or unavailable natural gas and oil deposits in the U.S. Fracking provides substantial economic benefits across the entire U.S. economy; however, there are concerns about fracking’s environmental impact which are currently being addressed to determine if this technology is to fuel future energy independence for the U.S.
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.