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DOE EIA Weekly Gas Storage Report

Working gas in storage was 2,612 Bcf as of Friday, May 22, 2020, according to EIA estimates.

This represents a net increase of 109 Bcf from the previous week. Stocks were 778 Bcf higher than last year at this time and 423 Bcf above the five-year average of 2,189 Bcf. At 2,612 Bcf, total working gas is within the five-year historical range.

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DOE EIA Weekly Gas Storage Report

Working gas in storage was 2,503 Bcf as of Friday, May 15, 2020, according to EIA estimates.

This represents a net increase of 81 Bcf from the previous week. Stocks were 779 Bcf higher than last year at this time and 407 Bcf above the five-year average of 2,096 Bcf. At 2,503 Bcf, total working gas is within the five-year historical range.

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Renewable energy has now produced more electricity in the U.S. than coal for 40 days straight

Add another first stemming from this COVID-19 period: renewable energy surpasses coal in electric supply.

As demand for energy dropped off, utilities had to shut down power plants because they needed less power. The first to shut down are the most expensive. Coal is more expensive than solar, wind, and hydro-generated electricity.

Overall, energy demand is expected to fall at least 3% in 2020. Investments in new power generation are dominated by renewable energy sources due to their cost benefits. As renewable energy continues to grow, coal-generated electricity could fall by more than 20%. Renewable energy does not contribute to climate change as coal fired energy production does.

Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.

Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.

Additional Information: https://www.cbsnews.com/news/coronavirus-lockdowns-renewable-energy-overtakes-coal-record-40-days/

 

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DOE EIA Weekly Gas Storage Report

Working gas in storage was 2,422 Bcf as of Friday, May 8, 2020, according to EIA estimates.

This represents a net increase of 103 Bcf from the previous week. Stocks were 799 Bcf higher than last year at this time and 413 Bcf above the five-year average of 2,009 Bcf. At 2,422 Bcf, total working gas is within the five-year historical range.

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DOE EIA Weekly Gas Storage Report

Working gas in storage was 2,319 Bcf as of Friday, May 1, 2020, according to EIA estimates.

This represents a net increase of 109 Bcf from the previous week. Stocks were 796 Bcf higher than last year at this time and 395 Bcf above the five-year average of 1,924 Bcf. At 2,319 Bcf, total working gas is within the five-year historical range.

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Oil Companies Are Collapsing, but Wind and Solar Energy Keep Growing

Despite delays and layoffs triggered by the coronavirus, the renewable energy sector is doing well. Wind and solar usage has increased and is forecasted to continue growing. 2020 is on track to breaking even more records within this sector. Projections at this rate show that 20% of all US electricity by 2030 will be solar generated; driving billions into the US economy while offsetting 35% of all electricity emissions.

Along with the utilization of other green energy sources, we will see lower bills and great environmental and health benefits. With constant changes, there will be adjustments in government policies and regulations. Hopefully we can ensure these will benefit all areas and people from various incomes and backgrounds.

Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.

Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.

Additional Information: https://www.forbes.com/sites/energyinnovation/2020/01/13/five-2020-energy-predictions-solar-surge-coal-crash-gas-exorcism-clean-energy-incentives-public-mobilization/#3e8f68e51ece

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