Natural gas market fundamentals are aligned for adequate supply under normal winter conditions, but extreme cold snaps could threaten infrastructure across portions of the United States, federal regulators have warned. FERC and the North American Electric Reliability Corporation (NERC) earlier this month issued the 2023-2024 Winter Energy Market and Electric Reliability Assessment. Citing adequate storage…
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NYISO Ready For Winter Demand, Though Natural Gas Losses Outpacing Renewable Adds Pose ‘Risk’ Later in Decade
The New York Independent System Operator (NYISO) announced it has adequate supplies to meet the state’s forecasted peak winter electricity demand of 23,893 MW. NYISO said it is stocked with a total of 43,184 MW of available supply, which includes imports from neighboring regions, leaving it “well positioned to meet this winter’s forecasted demand and…
November 30, 2022
Global Natural Gas Markets Facing ‘Significant Uncertainty’ Heading Into Winter
Moving the energy economy to net zero emissions is timely and costly, and the world now faces another dilemma: a natural gas market under “tremendous pressure” ahead of winter, the International Energy Agency (IEA) said Wednesday. In launching its annual World Energy Outlook (WEO-2021), the global energy watchdog acknowledged that winter 2021/2022 is opening with…
October 13, 2021
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