Ercot

Winter Weather Sends Western Natural Gas Forward Prices Soaring

Winter Weather Sends Western Natural Gas Forward Prices Soaring

Winter volatility saw Western natural gas forward hubs post huge gains during the Dec. 15-21 trading period, while expectations for a very mild start to 2023 drove deep discounts elsewhere in the Lower 48, NGI’s Forward Look data show. With intense Arctic cold diving from the Northwest into the heart of the Lower 48, spot…

December 23, 2022
Natural Gas Futures Fly as Midwest Turns Cold, but Weather Models Toying With Traders

Natural Gas Futures Fly as Midwest Turns Cold, but Weather Models Toying With Traders

Natural gas futures exploded early Monday as weather models shifted colder with a double whammy of bitter wintry weather expected to sweep across the Lower 48 later this month. While subsequent model runs sapped quite a bit of momentum, the January Nymex gas futures contract still settled 34.2 cents higher at $6.587/MMBtu. February futures jumped…

December 12, 2022
ERCOT Says Uri-Proofed for Winter, but Crypto Migration Adds ‘Significant Demand’

ERCOT Says Uri-Proofed for Winter, but Crypto Migration Adds ‘Significant Demand’

Following “aggressive grid management planning,” the Texas electrical grid is prepared to meet the winter 2022-2023 forecast peak demand of nearly 67.4 GW, the Energy Reliability Council of Texas (ERCOT) said. ERCOT late last month released its Seasonal Assessment of Resource Adequacy (SARA) report, in which it detailed the 87.3 GW of resources that are…

December 12, 2022
ERCOT Forecasting Record Summer Power Demand in Texas, but ‘Confident’ of Capacity

ERCOT Forecasting Record Summer Power Demand in Texas, but ‘Confident’ of Capacity

The electric grid operator for most of Texas expects to have sufficient resources in place to meet what it expects to be record power demand this summer. The Electric Reliability Council of Texas (ERCOT) said summer loads would likely reach 77,317 MW, which would be a new system-wide peak demand record for the region. The…

May 18, 2022
Global Power Outages, High Prices, Extreme Weather and Supply Chain Issues Arose in 2021

Global Power Outages, High Prices, Extreme Weather and Supply Chain Issues Arose in 2021

Extreme weather events, supply shortages, post-Covid-19 demand growth and technical failures gave rise to roughly 4% of the world’s population, roughly 350 million people, experiencing major power outages in 2021, according to IHS Markit researchers. IHS Markit analyst Rama Zakariasaid some of the largest outages occurred in regions with a relatively reliable supply of energy,…

February 8, 2022
With Possibility of Snow in Forecast, ERCOT Says Texas Electric Grid ‘More Prepared Than Ever’

With Possibility of Snow in Forecast, ERCOT Says Texas Electric Grid ‘More Prepared Than Ever’

Days ahead of a deep freeze forecast to plunge into Texas, a final report filed Tuesday by the state’s electric grid operator with the Public Utility Commission (PUC) said nearly all of the electric generating units and transmission facilities that were required to winterize have done so. “The Texas electric grid is more prepared for…

January 19, 2022
Texas Power Grid Said Ready for Winter Ahead of State’s First Freeze

Texas Power Grid Said Ready for Winter Ahead of State’s First Freeze

The Texas power grid is “winterized and ready to provide power,” the state’s grid operator said Thursday ahead of the state’s first expected freeze. The Electric Reliability Council of Texas (ERCOT) said it completed on-site inspections of mandatory winterization efforts, with results showing the independently owned electric generation fleet and electric transmission companies that serve…

December 30, 2021
Texas Governor’s Electric Reliability Directives Met with Mixed Reactions

Texas Governor’s Electric Reliability Directives Met with Mixed Reactions

The latest directive by Texas Gov. Greg Abbott aimed at ensuring electric reliability appears to be once again pitting proponents of fossil fuels against those who see renewables as an integral part of the energy landscape. In a letter sent to the Texas Public Utility Commission (PUC) last week, Abbott said the objective of the…

July 9, 2021
ERCOT Says Bitter Cold Caused Bulk of Power Outages During Winter Storm Uri

ERCOT Says Bitter Cold Caused Bulk of Power Outages During Winter Storm Uri

Exceptionally harsh winter weather that surprised Texas authorities was the leading cause of widespread generator outages that left millions of residents without power for days in February, a new report says. The initial findings from the Electric Reliability Council of Texas (ERCOT), which oversees electric power in the state, amplified the already widely reported thinking…

April 7, 2021
ERCOT Says Power Generation More Than Enough to Meet Expected Record Summer Demand

ERCOT Says Power Generation More Than Enough to Meet Expected Record Summer Demand

A little more than a month after Texas’ main electric grid operator failed to keep the lights on during a prolonged freeze across the state, it said it has more than enough resources to meet projected record demand this summer. In its preliminary Seasonal Assessment of Resource Adequacy (SARA) for the summer released Thursday, the…

March 26, 2021
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