DOE EIA Weekly Gas Storage Report
This weeks’ EIA natural gas storage report. Working gas in storage was 2,479 Bcf as of Friday, March 4, 2016, according to EIA estimates. This represents a net decline of 57 Bcf from the previous week. Stocks were 911 Bcf higher than last year at this time and 727 Bcf above the five-year average of 1,752 Bcf. At 2,479 Bcf, total working gas is above the five-year historical range.
Estimated Storage withdrawal between 55 Bcf and 59 Bcf
Vs
Actual 57 Bcf
Storage rocketing to end-of-season high Analysts are predicting yet another bearish withdrawal from gas in underground storage, which all but ensures stocks will peak at an alltime high when entering injection season later this month. A consensus of analysts surveyed by Platts expects the US Energy Information Administration will estimate a gas storage withdrawal of between 55 Bcf and 59 Bcf for the reporting week that ended March 4 A withdrawal within expectations would be substantially less than the 174-Bcf withdrawal reported at this time in 2015 and less than the 118-Bcf five-year average withdrawal, according to EIA data.
Realgy, LLC
We ARE PROFESSIONAL SERVICE.
West Hartford, Connecticut, our corporate office home town, has recognized Realgy as it’s BEST of 2016 award for Professional Services.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan and Indiana. 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 and Index, Fixed pricing.
Additional Information:
Realgy, LLC has been selected for the 2016 Best of West Hartford Awards for Professional Services. http://westhartford.carefuge.org/sttyndfc_REALGY-LLC
Best Regards,
West Hartford Business Recognition
Hemenway Turns on Solar Power
154 years young! Hemenway United Methodist Church turned on the first solar photovoltaic plant (PV Plant) in Evanston at a church. Another milestone reached in the rich history of the church.
The PV Plant is owned by Realgy which leases the church’s roof. Hemenway receives the energy from the PV Plant supplemented by any excess demand from Realgy. The arrangement reduces the Church’s utility bill as compared to COMED by about $1,250 / year. The PV Plant consists of about 50 panels which are not visible from the street. The PV Plant will produce about 18,250 kWh each year for the next 25 years. This replaces about 50 pickup trucks worth of coal generated electricity.
The PV Plant was installed by Eco Solar and developed by Terry Black.
Pastor Richard Mosley was a gracious host and is excited to plow the savings from the PV Plant back into the community.
Realgy is proud to continue our service of providing clean, renewable power in Illinois.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan and Indiana. 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 and Index, Fixed pricing.
Additional Information:
http://www.evanstonroundtable.com/main.asp?Search=1&ArticleID=11668&SectionID=4&SubSectionID=4&S=1
Michigan solar industry set to increase 14% this year, long term not as clear.
Michigan solar is gaining, currently Michigan ranks 18th in the Country in terms of solar jobs. However, Michigan is in the top 10 states for good to great wind resources (steady strong winds). So, it would seem possible to have more jobs.
Most of the current solar growth has come from small projects developed and installed by smaller businesses.
With the change in Federal tax policy approved for 5 years; utilities and large entities can propose must larger projects. Michigan utilities have begun proposing investing in larger solar projects and want policy changes to favor them.
The policy changes mean eliminating net metering and allowing larger projects favorable treatment.
Michigan will be reviewing their energy policy and should strive to following successful states that favor local midsize and small projects over utility size projects. This means keeping net metering and expanding customer choice programs.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan and Indiana. 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 and Index, Fixed pricing.
Additional Information:
http://midwestenergynews.com/2016/02/23/advocates-say-policy-changes-could-stunt-michigans-solar-job-growth/
http://realgyenergyservices.com/go-michigan/
http://realgyenergyservices.com/michigan-energy-overhaul-wont-happen-in-2015/
Will Ameren Gas Customers get Customer Choice like the rest of Illinois?
Ameren Gas customers have NOT benefited from the $37 Billion dollars that Illinois customers have saved since Illinois Customer Choice began. http://realgyenergyservices.com/competition-work-tune-37-billion/
However the Illinois Commerce Commission could decide that soon enough.
Every other utility in Illinois has implemented Illinois Customer Choice EXCEPT for Ameren Gas customers. Why is that? In a word, cost.
Ameren Gas said it would cost too much. Given the savings that could result, isn’t it worth it!
So the ICC has ceased taking comments and will decide what to do next.
Three possible scenarios are thought possible:
- The proverbial; nothing.
- Order Ameren Gas to implement Illinois Customer Choice and allow its customers to have a choice from the utility default service
- Order a committee to study it further
Realgy support Illinois Customer Choice in that every gas customer should have a choice other than default service and share in the $37 billion in savings (and growing).
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan and Indiana. 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 and Index, Fixed pricing.
Additional Information:
DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,584 Bcf as of Friday, February 19, 2016, according to EIA estimates. This represents a net decline of 117 Bcf from the previous week. Stocks were 615 Bcf higher than last year at this time and 577 Bcf above the five-year average of 2,007 Bcf. At 2,584 Bcf, total working gas is above the five-year historical range.
EIA estimate 146 Bcf withdrawal
Vs
Actual 117 Bcf
A consensus of analysts surveyed by Platts expects the US Energy Information Administration will estimate a natural gas storage withdrawal of between 144 Bcf and 148 Bcf for the reporting week that ended February 19. The EIA plans to release its weekly storage report at 10:30 am EST (1530 GMT) Thursday. A withdrawal within expectations would be less than the 205 Bcf withdrawal reported at this time in 2015 and in line with the 144 Bcf five-year average withdrawal, according to EIA data. The wider range of analysts’ expectations for this week called for a withdrawal of 131 Bcf to 162 Bcf
