NATURAL GAS: BAKER HUGHES RIG COUNT FOR THE LAST FIVE YEARS Keep an eye on the Natural Gas rig counts. We have dropped from 166 rigs a year ago down to 114 this last week. This is the lowest we have been since just before the Russian invasion of Ukraine. Last winter, we got lucky…
View detailsBased on current PJM load and weather forecasts, an annual peak day between 4 PM and 6 PM EDT will likely be established this afternoon, Tuesday, September 5th. Tomorrow and Thursday also have the potential to develop peaks for the 2023 season. We recommend curtailing your load from 3:30 p.m. to 6:00 p.m. (EST) to…
View detailsWEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK The intense heat we have seen in the South and up through the Plains States will ease up in the next 10-16 days, with more normal temperatures forecast. This cooler forecast may account for the eleven-cent drop in prompt month gas pricing on the Henry Hub NYMEX over…
View detailsWEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK Intense heat moving north from Texas creates a funnel of intense heat up through the Plains States and almost to the Canadian border. Dallas, TX, will see temperatures over 100 later this week. Minneapolis will see temps in the 90s at the same time. This heat will move…
View detailsThe latest TPI Market Snapshot shares PJM Grid Peak Demand Alerts and the latest energy headlines and market conditions. Peak Demand Days Expected This Week There is a High Threat of setting one of the five highest peak demand days today (Monday, August 21). Today’s forecasted peak demand is 139,415 MW during hour ending 18.…
View detailsForecasters Are Predicting A Peak Demand Alert Across Grid This Afternoon! Based on current PJM load and weather forecasts, an annual peak day between 5 pm and 6 pm EDT could be established this afternoon. According to PJM, demand is forecasted to reach 139,560 MW. This number is among the highest predicted demand loads this…
View detailsThis week’s Market Snapshot looks at the increase in temperatures across the US – and thus, electricity demand, in the next two weeks. Plus, the natural gas market has started to climb up. Don’t wait to act on your next natural gas contract! WEATHER: 6-10 DAY AND 8-14 DAY OUTLOOK With extreme heat moving eastward,…
View detailsNatural Gas: EIA WEEKLY NATURAL GAS STORAGE REPORT Keep an eye on the gas storage report. While we still have a surplus of natural gas compared to the five-year average, especially last year, the recent injections have been smaller than in the past, and the surplus is shrinking. This is a sign that demand continues…
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