Key Drivers January – April 2021 NYMEX natural gas prices are averaging more than 40% higher than the same four months one year ago Short-term NYMEX prices rise and fall with the changing weather forecasts Long-term: NG storage levels, NG production levels, AC demand & LNG exports will drive NG and electric wholesale prices Commentary …
Power outages on the ERCOT electric grid in Texas are currently widespread and life threatening. Millions are without power not because of downed lines, but because their electric grid wasn’t able to add extra power when it was needed. Why is this happening in Texas and can it happen behind our Ohio power grid PJM? How …
RD Energy’s Stay Current Special Edition: ERCOT power outages; Will it happen in Ohio Read More »
It is SHOCKING. The more I explored the PUCO Supplier Apples to Apples chart for electric and natural gas rate offers for residents, the more shocked I was. These offers are being aggressively solicited to homeowners via phone or door to door. Some suppliers show pricing on the Apples to Apples chart artificially low to …
The Shocking Truth About Supplier Electric and Natural Gas Offers to the General Public! Read More »
Community leaders and many residents often assume Governmental Aggregation is a product being forced on them and taking away their freedom of choice. In truth, Aggregation is an opportunity for residents. We hear all the time how people hate the many natural gas and electric aggressive telemarketing calls. Who knows if the price offer is good? …
We Have to Shift The Thinking on Government Aggregation! Read More »
June 2019 Energy Update Key Drivers Milder March, April, May and early June temperatures versus last year 89 bcf/day of natural gas production versus 79 bcf/day in 2018 A weak El Nino will likely result in warmer than normal temperatures this summer Nuclear generation in 2019 is trailing 2018 and more plants are to be retired this …
May 2019 Energy Update Key Drivers Continued growth in U.S. natural gas production Abnormally warm April 2019 in the Midwest Continued growth in natural gas fired electric generation Buyers of LNG force change in the pricing model Commentary April 2018 was much colder than normal, there was a robust economy, strong LNG exports, growing …
April 2019 Energy Update Key Drivers The United States natural gas storage deficit at the end winter 2019 Unlike 2018 will the natural gas storage deficit quickly disappear this spring? Spring’s natural gas production surplus over natural gas spring demand When will higher natural gas demand show up to lower the production surplus? Commentary At first glance …
March 2019 Energy Update Key Drivers Record breaking U.S. natural gas production Record breaking U.S. natural gas demand Abnormally cold beginning to March End of the storage season deficit Commentary It’s entertaining to watch the wholesale energy traders shift their buy/sell positions every time the temperature forecasts change from one Friday to the following Monday. …
February 2019 Energy Update Key Data January 2019 NYMEX closed at $3.642/MMBT. February recently closed at $2.95/MMBTU March – October 2018 NYMEX averaged $2.845/MMBTU. March – October 2 019 is trading at an average of $2.893/MMBTU NYMEX calendar 2020 is trading at an average of $2.769/MMBTU. NYMEX calendar 2021 is trading at an average of $2.64/MMBTU …
RD Energy Newsletter: February 2019-energy-update Read More »
January 2019 Energy Update Key Drivers November – colder than normal temperatures December- warmer than normal temperatures January- updated forecasts to warmer than normal Storage deficit- 19% lower than year ago and 5 year average levels Commentary In mid-December both American and European weather models were confident that the colder than normal November was going to …
© 2019 All rights reserved RD Energy