National
Wholesale Changes: FERC Approves DERs
Wholesale electricity markets have a new competitor. With last week’s announcement of Order No. 2222, FERC has approved distributed energy resources (DER) aggregators to compete in regional wholesale electricity markets. Read more
Texas Avoids Peak Repeat
Summer 2020 was no 2019 in ERCOT. One year ago, the state saw record peak electricity demand and prices. This year, the heat wave did not take a vacation, at least in Houston. Read more
Millions of Wells Releasing Methane
As low natural gas prices contribute to bankruptcies and abandoned wells, the issue of prolonged methane emissions continues to grow. Read more
Massachusetts Sets the Standard for Clean Energy Future
ENGIE is committed to carbon neutrality and we support Massachusetts as it becomes the first state to implement a Clean Peak Energy standard. Read more
Consumer Confidence Offers Positive Indicator
Consumer sentiment in the U.S. has reached its highest level since March. According to the University of Michigan index, the reading of 75.9 is up from 74.1 month-over-month and surpassed analyst expectations. Read more
Natural Gas Plunge Makes History
Henry Hub NYMEX October natural gas spot prices have completed a major one-month drop. The contract hit $2.74/mmbtu on August 28 and plunged to below $1.88/mmbtu on September 21. Gas in storage appears certain to enter the winter at near record levels. This fundamental appears to weigh more heavily on… Read more
Join Experts for Empire State Energy Outlook
Join us on September 15th at 1 p.m. ET as Stephen Schork — editor of The Schork Report and ENGIE’s weekly At The Market report — and David Weakley — ENGIE’s Senior Business Development Managers — as they discuss the power and gas market updates in New York. Read more
Small Business Outlook Improves
The NFIB (National Federation of Independent Businesses) Optimism Index increased to 100.2 in August, up from 98.8 in July. Read more
Outlier: New Jersey Industrial Demand
There is one C&I market among the competitive regions served by ENGIE that has experienced an increase in demand. Industrial demand in New Jersey for the month of June is up 5% year-over-year. Read more
Below Normal Temps Ahead
While every major competitive market is above normal in terms of cooling degree days (CDDs) for the summer, a cool front is forecasted through mid-September. Read more