The swing market had a lot going for it Monday, and it showed in sharply higher prices at all points. The biggest factor, of course, was more summer-like hot weather returning in several market areas, particularly through the midsection of the United States. In addition, a tropical wave in the Caribbean drew some attention, the screen went up nearly 16 cents, and there was the normal rebound in industrial/commercial load following a weekend.
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OH Sees 9-18% Summer Power Reserve ‘Cushion’
With system reliability and power reserve margins becoming catch-phrases nationally going into summer’s hottest months, the Ohio Consumers’ Counsel (OCC) has gone on the record to allay consumers’ fears, saying it is “reasonably optimistic” the state’s electric system can meet power demand this summer.
OH Sees 9-18% Summer Power Reserve ‘Cushion’
With system reliability and power reserve margins becoming catch-phrases nationally going into summer’s hottest months, the Ohio Consumers’ Counsel (OCC) has gone on the record to allay consumers’ fears, saying it is “reasonably optimistic” the state’s electric system can meet power demand this summer.
Mexico’s Energy Sector Faces Large Hurdles
Almost overwhelming obstacles are blocking competition and change in Mexico’s natural gas and electricity sectors and are going to take time and private investment to overcome, according to one of the country’s energy commissioners.
Mexico’s Energy Sector Facing ‘Quadrilemma’
A “quadrilemma” within Mexico’s natural gas and electricity sectors is causing almost overwhelming obstacles in its natural gas and electricity sectors, which are going to take time and private investment to overcome, according to one of the country’s energy commissioners.
‘That Time of Year’ Means Shoulder Month Softness
Not surprisingly, the cash market was still falling going into the weekend. Generally Friday’s losses were mild at a dime or less, though, and few points fell much more than a dime other than San Juan Basin, Malin and the California border into PG&E.
ICE Releases Six-Month Trading Volumes
In only six months since going live with its full spectrum of over-the-counter (OTC) products, Online trading platform IntercontinentalExchange (ICE), has made a significant impact on the energy and metals markets. The company said over 42,000 trades have been made on ICE since it commenced trading with a combined notional value of $70 billion. Trading volumes on ICE have been growing exponentially with average daily volume in March up 33% from February.
New Supplies Cut CA Blackouts Short
With temperatures going to highs in the 70s and 80s Tuesday,California started into a second day of rolling blackouts at 9:20a.m. PST, but cut them short in the afternoon as two key generatorswent back online and new supplies arrived from the Western AreaPower Administration (WAPA). At press time the early evening peakdemand was still in doubt, and it was possible blackouts wouldstart again.
Rain, Courts Favor on California Power
With water tables rising and court rulings going the state’sway, California began the week Monday on a more upbeat note thanany time this year. A federal court ruling late Friday assuredemergency real-time supplies will be available to the statetransmission grid operator, Cal-ISO, at least through March 19,prompting the governor while on a political trip to Washington,D.C., to issue a reaction praising the federal judge for his “wiseand thoughtful decision.”
Transwestern Pipeline Adds Receipt and Delivery Points
Transwestern Pipeline is going through a growth spurt with eightnew interconnect projects in service or under way, which will add300 MMcf/d in market area deliveries and 285 MMcf/d in new supplyreceipts. The new or expanded connection points will enhanceshipper access to both new supplies and markets.