electricity

“Investors are waiting to see if U.S. President Biden will defend the interests of the North American companies that have money invested in Mexico and that are financed by development banks in North America,” Antonio Prado, seasoned international lawyer and executive at consultancy EnerSalpra, told NGI’s Mexico GPI.  “There’s a lot of hope that there…

Unfazed by the tumultuous weather pattern circulating throughout much of the United States for the next week or so, natural gas futures closed Thursday with a whimper. A big bearish miss on the latest storage data sealed March Nymex futures’ fate early in the session, with the contract ultimately slipping 4.3 cents to $2.868/MMBtu. April…

President Andrés Manuel López Obrador, reported to be recovering from the effects of the coronavirus in the National Palace, on Monday submitted a bill to congress that could change the rules of the game in the Mexican electricity market. Analysts and sector participants have said the proposed changes to grant state power company Comisión Federal…

Domestic wholesale electricity prices were lower and less volatile in 2020 versus 2019, though in the latter half of the year, prices did trend higher for western states, the Energy Information Administration (EIA) said Friday.  Prices in the California Independent System Operator (CAISO) market were 5% lower, while the Electric Reliability Council of Texas (ERCOT)…

Renewables will account for a substantial majority of the new U.S. utility-scale electric generating capacity planned to start commercial operation this year, with natural gas coming in a distant third behind solar and wind, according to data from the Energy Information Administration (EIA). Developers and power plant owners plan to add 6.6 GW of natural…

CME Group said late Wednesday it plans to launch two Asian liquefied natural gas (LNG) futures contracts and four Japanese electricity futures contracts in February. While the electricity contracts would expand CME’s suite of global power futures and options, the two LNG contracts could provide Japanese power producers another tool to manage price risk, the…

Leaders of Mexico’s state power utility Comisión Federal de Electricidad (CFE) on Tuesday blamed renewable energy and a brush fire for a massive Dec. 28 power outage that took 8,696 MW of electricity offline, causing about one-third of the country to lose power.  Spokesman Luis Bravo Navarro said that while it’s normal for small sections…

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Prud’homme was central to the development of Cenagas, the nation’s natural gas pipeline operator, an entity formed in 2015 as part of…

Natural gas-fired electricity generation jumped across all but one U.S. region over the past five years, and the trend continued through November 2020, according to the latest U.S. Energy Information Administration (EIA) Power Plant Operations Report. U.S. natural gas power plants boosted electricity generation by 31% in the Northeast, by 20% in the Central region,…