TPI Efficiency would like to congratulate four members of its team in earning the Association of Energy Engineers, Certified Energy Procurement Professional certificate. Individuals traveled to Dallas, Texas this May to complete the training and gain eligibility to take the exam, which every member passed in their first attempt. TPI Efficiency’s CEO and Founder, Roger…
View details⚠️ Peak Demand Outlook for Week of July 18, 2022 This week’s heatwave could likely lead to three or four of the five peak demand days for 2022. In the last two years, we haven’t had a peak demand day below 140,782; our current peak days year-to-date have a high of 139,307. Each of the…
View detailsTHE NATURAL GAS MARKET SLOWLY CREEPING BACK HIGH DEMAND AND LOWER PRODUCTION PUSH THE MARKET UPWARD Numerous maintenance issues pushed production down from 96 to 94 Bcf. Coupled with near-record temperatures in a high-pressure hot zone that refuses to move, the market rose almost $1.00 last week The production drawback erased any benefits of the…
View detailsNatural Gas VOLATILITY IS STILL THE KEYWORD MARKET JUMPS 83 CENTS ON SMALL STORAGE REPORT The market jumped 83 cents on Thursday on news of a smaller-than-expected storage report that continued worries about our storage situation going into Winter ’22. The closing of the Freeport LNG facility has spooked investors as we are more than…
View detailsThis morning, energy suppliers are predicting an 80% chance of tomorrow, July 12, 2022, being a peak demand day, with the forecast of 135,366 MW. For reference purposes, the lowest historical PJM Peak demand was 138,197 MWs (2011-2021), so tomorrow’s forecasted peak demand (135,366 MWs) is lower than all historical peak demands over the past…
View detailsHEAT PERSISTS THROUGH TEXAS AND THE PLAINS STATES Natural Gas: THE MARKET HAS DROPPED ALMOST $4.00 IN THE LAST MONTH FREEPORT AND EASING WEATHER EXTREMES From a high of $9.54 on June 8th, when the Freeport facility suffered the explosion, the market has dropped $3.75 in the last month, and electricity pricing is finally catching…
View detailsHEAT PERSISTS THROUGH TEXAS AND THE PLAINS STATES JULY MARKET CONTINUES TO SLIP DOWNWARDS FREEPORT AND EASING WEATHER EXTREMES From a high of $9.54 on June 8th, when the Freeport facility suffered the explosion, the market dropped $3.45 in less than three weeks. While the slide has slowed, easing extremely hot weather forecasts has helped…
View detailsTPI Takeaway WARMER TEMPERATURES COAST TO COAST WILL RESULT IN HIGHER DEMAND Despite the drop in Natural Gas which has historically been a massive driver of electricity prices, the cost of electricity continues to rise. This is primarily due to extreme temperatures and demand from coast to coast. This summer is predicted to be a…
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