National
Hello Hydrogen
Hydrogen is the world's most abundant element and could play a big role in a sustainable energy future. A report cited by Bloomberg positions hydrogen as the most practical way to generate the 1,000 degree temperatures that are needed by heavy industrial processes. Hydrogen is abundant in the environment.… Read more
Factory Activity Surges in November
The U.S. Manufacturing Purchasing Managers’ Index jumped to 52.2 in November, the highest reading in seven months. According to EIA, industrial customers form an important gas-use sector, using gas to fire boilers for steam, direct heating for melting, baking or drying, and operating combined heat and… Read more
Black Friday Bonanza for Natural Gas Buyers
The Thanksgiving/Black Friday week is the time of year when retailers offer dramatic price reductions to entice shoppers. This year, the savings were extended to buyers of natural gas. Read more
Ready for NYISO Annual Highs?
With prices at less than $25.00/MWh in NYISO Zone J and Zone G, it may be hard to imagine daily average day ahead prices at 10X these levels. However, we are approaching the months where these zones see their annual highs. Read more
Coal's New Kingdom
There are no new coal-fired power generation plants under construction or planned in the U.S. and coal power capacity has been declining each year since 2011. Read more
Report: Climate Change will Clobber U.S. Economy
A report from the Economist estimates that climate change will shrink the U.S. economy by 11% by 2050. As bad as that may sound, the U.S. fares better than Western Europe which is estimated to drop 17% over the same period. Read more
Meteorologists Deliver a Mixed Bag
The latest 8-14 day outlook from NOAA shows a mixed bag of forecast weather across retail regions served by ENGIE. From above normal temps in ERCOT, to normal in PJM mid Atlantic and colder than normal in NYISO and NEPOOL, this forecast covers the spectrum. Read more
Fossil Fuels Prove to Be Powerful Foe
According to a UN report, fossil fuel production by 2030 will create 53% more carbon dioxide than what is consistent with global climate goals. Read more
How Low Can Natural Gas Go?
A cold start to November has not been enough to support CME NYMEX Henry Hub spot natural gas prices. Last year, the benchmark was $2.00 more than current price action as it hit a five-year high of $4.72/mmbtu on November 28, 2018. That’s a far cry from today’s circa $2.60/mmbtu. Read more
Nat Gas Has Biggest Impact on NYISO, NEPOOL Electricity Prices
Over the past decade, wind and solar generation have reduced the average annual wholesale price of power in the US by $1.30/MWh. At any other time in history this would be remarkable. Read more