DOE EIA weekly Gas storage report
Here is this weeks’ EIA natural gas storage report. Working gas in storage was 3,086 Bcf as of Friday, January 22, 2016, according to EIA estimates. This represents a net decline of 211 Bcf from the previous week. Stocks were 530 Bcf higher than last year at this time and 432 Bcf above the five-year average of 2,654 Bcf. At 3,086 Bcf, total working gas is above the five-year historical range.
Estimated between 204 and 208 Bcf.
Vs
Actual witdrawl 211 Bcf
A consensus of analysts surveyed by Platts expects the US Energy Information Administration will estimate a natural gas storage withdrawal between 204 Bcf and 208 Bcf for the reporting week that ended January 22. EIA plans to release its weekly storage report at 10:30 a.m. EST Thursday. Withdrawal within expectations would be much more than the 112 Bcf drawdown reported at this time in 2015 and more than the 170 Bcf five year average withdrawal, according to EIA data. And for the third straight week, this looks to be the highest withdrawal of the heating season to date. It also would be the first of the season that is larger than both the withdrawal reported this week last year and the five-year average. The range of analysts’ expectations this week was narrow, calling for a withdrawal between 202 Bcf to 214 Bcf.
Renewable prices decline so lawmakers think we need less…. you read that correctly
Key Michigan lawmakers are proposing to lower the amount of renewable energy that the state would be required to use just as renewable energy prices are declining.
Michigan is in the throws of transitioning its source of electricity generation, similar to much of the Mid-West. Coal and nuclear units are aging and the utility owners want to continue to operate them, some without any new investments to reduce their emissions and pollution.
Competition to utility power exists but it must compete against not only price and environmental costs but against politicians who want to continue the same-old-same old.
Clean energy is our future. The transition will be managed. Keeping standards high so they can be met and at a lower cost should be applauded not reduced.
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.
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When is Yes, well yes
When is Yes, yes.
The Illinois Commerce Commission (ICC) is proposing that if a residential customer signs a contract indicating their choice of for electric supplier. That is no longer an acceptable agreement. So after you would review a contract and sign the contract you will now have to receive or make a phone call verifying that you do want what you just bought.
Mind you: the ICC already requires all marketing material be reviewed. In addition, all energy marketers receive their license to operate in Illinois from the ICC. That license prohibits deceptive, misleading or fraudulent actions. So, why layer on more regulation over a regulation that already gives the ICC complete authority to review ALL agreements, contracts and actions.
Perhaps it’s because the ICC is used to issuing regulations. That is their job. However, the whole idea of deregulation is to allow for competition. YOU DON’T HAVE COMPETITION without COMPETITION.
Realgy believes that residents of Illinois understand an agreement and can make their decision and don’t need the State of Illinois requiring a second or third yes just to stop paying the utility and exercising their judgment to pay less with Realgy.
Realgy Energy Service 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:
State Sen Kyle McCarter opposes wind energy project
The use of eminent domain; that is the forced purchase of private property for public benefit should be used with abundant caution. That is why it take public hearings and an unbiased review to determine what is in the public interest.
State Sen Kyle McCarter opposes wind energy project.
Last November the Illinois Commerce Commission determined that wind energy being generated in Kansas that would be transmitted to Missouri, Illinois and Indiana deserves the right to purchase the land to build a transmission tower to deliver over 4,000 MW of wind generated electricity. They approved the use of eminent domain so the independent company proposing to build this project can approach the landowners and know they can reach a deal. Without eminent domain a handful of property owners could have prevented this project from moving forward.
This project is innovative and will supply clean renewable and sustainable power. Such renewable power will diversify our power generation and help us avoid price spikes from reliance on just natural gas, coal or oil.
Realgy supports the project and other independent energy companies that are doing such great work.
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://madisonrecord.com/stories/510658825-mccarter-opposes-eminent-domain-in-wind-energy-project
http://www.grainbeltexpresscleanline.com/site/page/project_description
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,297 Bcf as of Friday, January 15, 2016, according to EIA estimates. This represents a net decline of 178 Bcf from the previous week. Stocks were 629 Bcf higher than last year at this time and 473 Bcf above the five-year average of 2,824 Bcf. At 3,297 Bcf, total working gas is above the five-year historical range.
EIA Estimated withdrawal 183 Bcf.
Vs
Actual withdrawal 178 Bcf.
EIA to estimate season’s largest draw Increased demand last week in the Midwest and South Central regions prompted energy experts to predict last week’s natural gas storage withdrawals will be the largest so far of the heating season. A consensus of analysts surveyed by Platts expects the US Energy Information Administration on Thursday will estimate a gas storage withdrawal of between 183 Bcf and 187 Bcf for the reporting week that ended January 15. A withdrawal within expectations would be less than the 220-Bcf withdrawal reported at this time in 2015 and more than the 177-Bcf fiveyear average withdrawal, according to EIA data. There was not much disparity in the predictions this week as the full range of analysts’ expectations all fell between a drawdown of 175 Bcf to 191 Bcf. This looks to be the largest withdrawal of the heating season, and the first withdrawal that is more than the five-year average since the week that ended December 4. However, it would still be 35 Bcf less than the withdrawal at this time last year.
Illinois Commerce Commission order a victory for solar, advocates say
Illinois passed the Future Energy Jobs Act (FEJA) which you will hear about for some time. The act will be creating jobs in the renewable energy field to power Illinois’ future. However, the law was challenged and the Illinois Commerce Commission has proposed changes to allow the benefits to be reserved for in-state residents equally. (more…)