The Energy Information Administration’s (EIA) Short-Term Energy Outlook for July pretty much mirrors its June outlook, with the agency projecting an annual increase of 4.3% in natural gas consumption and nearly flat production. It expects average spot prices in the third quarter to be slightly more moderate than those in the second quarter due in part to an anticipated return of near-normal weather.
Tag / Projecting
SubscribeProjecting
Articles from Projecting
Transportation Notes
Projecting that linepack on its California Gas Transmission system would rise to well above its maximum target levels by Friday, Pacific Gas & Electric issued a systemwide Stage 2 high-inventory OFO for Wednesday. Penalties of $1/Dth were set for customers who exceed an 8% tolerance on positive daily imbalances.
Transportation Notes
Projecting that its linepack would rise above maximum target levels from Saturday through Monday, Pacific Gas & Electric issued a systemwide Stage 2 high-inventory OFO for Saturday, setting penalties of $1/Dth for exceeding an 11% tolerance on positive daily imbalances.
Transportation Notes
Projecting that its California Gas Transmission system linepack would rise above maximum target levels over the weekend, Pacific Gas & Electric issued a systemwide Stage 2 high-inventory OFO for Saturday. It set penalties of $1/Dth for exceeding a 10% tolerance on positive daily imbalances.
NGI The Weekly Gas Market Report
Parts of New England, NY Walking Summer Power Supply Tightrope
The Northeast Power Coordinating Council (NPCC) last Wednesday released the results of comprehensive reliability assessments, projecting the region will have adequate supplies of electricity and will meet its system reliability criteria this summer under normal summer weather conditions.
Transportation Notes
Projecting that linepack would rise above its maximum target levels Thursday through Saturday, Pacific Gas & Electric declared a systemwide Stage 2 high-inventory OFO for Thursday. Penalties of $1/Dth will apply to positive daily imbalances exceeding a 5% tolerance.
ESAI Sees Renewable Portfolio Standards Driving $38B Investment in Wind
Energy Security Analysis Inc. (ESAI) is projecting a $38 billion investment in wind generation in the U.S. over the next 10 years, which will be driven by renewable portfolio standards (RPS) that have passed into law in 19 states. The standards require utilities to purchase a designated percentage of their energy from renewable energy resources.
Transportation Notes
Projecting that its linepack would exceed maximum target levels in the next few days, Pacific Gas & Electric issued a customer-specific OFO for Friday.
Transportation Note
Southern California Gas declared a high-linepack OFO for Saturday. Its utility neighbor to the north, Pacific Gas & Electric, did not issue an OFO despite projecting that linepack would bump up against its maximum target levels Sunday and Monday.
EIA Forecasters Pull Their Hair Out When It Comes to Natural Gas
Projecting natural gas wellhead prices, and basically anything else concerning natural gas, hasn’t been easy for the Energy Information Administration (EIA). In fact, forecasting consumption, production and prices for just about any other energy commodity has been easier.