DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,468 Bcf as of Friday, March 25, 2016, according to EIA estimates. This represents a net decline of 25 Bcf from the previous week. Stocks were 1,002 Bcf higher than last year at this time and 843 Bcf above the five-year average of 1,625 Bcf. At 2,468 Bcf, total working gas is above the five-year historical range.
Estimated withdrawal is between 20 Bcf and 24 Bcf
Vs
Actual withdrawal 25 Bcf
Analysts predict net withdrawal while this week’s storage report is expected to be a reversal from last, as a net withdrawal is the expectation of analysts for the week ended March 25. A consensus of analysts surveyed by Platts expects that the EIA will estimate a withdrawal of between 20 Bcf and 24 Bcf for the reporting week that ended March 25. A withdrawal within expectations would be more than the 10 Bcf withdrawal reported at this time in 2015 and directly in line with the 22 Bcf five-year average pull, according to EIA data. A withdrawal of more than 22 Bcf would mark only the second time this year that the pull was larger than both the five-year average and last year’s withdrawal in the corresponding week. The last time it occurred was for the week that ended January 22
The $2.5 billion U.S. transmission line that no state can stop
As previously discussed, private industry is pursuing the development of renewable power and the transmission of that power to where it can be used.
They have gained a formidable ally.
The US Government.
Because the transmission line crosses state boundaries, it can be reviewed and approved by the Federal Energy Regulatory Commission. Recently, they reviewed and approved 1 of 4 transmission projects under development: the Plains & Eastern. This approval means it supersedes state approval process and allows the project to proceed.
Without allowing for transmission lines, the power remains locked in the Midwest where the wind is ideal for wind turbines to generate electricity. The transmission lines being proposed will bring that wind generated electricity to population centers; where it will displace coal and natural gas generation.
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://realgyenergyservices.com/state-sen-kyle-mccarter-opposes-wind-energy-project/
DOE EIA Weekly Gas Storage Report
Here is this weeks’ EIA natural gas storage report. Working gas in storage was 2,493 Bcf as of Friday, March 18, 2016, according to EIA estimates. This represents a net increase of 15 Bcf from the previous week. Stocks were 1,017 Bcf higher than last year at this time and 846 Bcf above the five-year average of 1,647 Bcf. At 2,493 Bcf, total working gas is above the five-year historical range.
Estimated withdrawal now became an early inject Estimated of 18 Bcf
Vs
Actual Injection 15 Bcf
The US will likely enter injection season with a titanic 1 Tcf more gas remaining in storage than this time last year. A consensus of analysts surveyed by Platts expects the US Energy Information Administration will estimate an injection of gas into storage between 18 Bcf and 22 Bcf for the reporting week that ended March 18. An injection within expectations would compare with the 4 Bcf withdrawal reported at this time in 2015 and also more than the 24 Bcf five-year average withdrawal, according to EIA data. The wider range of analysts’ expectations for this week called for an injection of 14 Bcf to 25 Bcf. This marks the first net injection of the year and the de facto end of heating season. “We might get another small withdrawal with cold hitting the Midwest and the large market of Chicago coming up, but for all intents and purposes the winter is over,” said storage analyst Stephen Schork in an interview Wednesday morning.
NY PSC Approves Territory-Wide Deployment Of Smart Meters At ConEd; Directs Utility To Work With ESCOs on Data Access
New York’s utility ConEd was ordered by their public service commission (PSC) to deploy smart meters throughout its service area. By doing so, the NY PSC follows Illinois in a wide area deployment. However, that is where the similarities end.
In Illinois, ComEd lobbied the legislators and received authority to install meters throughout their territory.
In New York, their utility commission received and approved a ConEd proposal that substantiated the benefits and the costs for installing the meters.
In New York, costs overrun will be borne by the utility not the rate payer like in Illinois.
In New York, if the customer doesn’t get the promised benefits and cost savings the utility commission can deny the cost recovery (price increase to the customer) not so in Illinois.
A public utility commission is vital where a monopoly exists to oversee that expenditures result in benefits to customers. In Illinois, utility lobbyist were able to skirt this protection.
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.energychoicematters.com/stories/20160318d.html
Illinois leads the Midwest in clean energy jobs
Good news in Illinois. Jobs. Manufacturing and energy efficiency jobs from growing clean energy industry.
A recent survey of Illinois and the surrounding states was conducted by the Chicago based Clean Energy Trust.
The job growth is in part fueled by the states declared 25% goal for clean sourced electric supply by 2025.
However, it was noted Illinois would have even more jobs if it wasn’t for current budget impasse and allocation of clean energy funds to developers.
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:
Will Natural Gas surpasses coal for electric generation?
When hell freezes over, well actually this year!
Over the last 10 years, the United States will have moved from generating over 60% of its electricity from coal and about 2% from natural gas to natural gas and coal suppling about 33% each.
What caused this shift, the drivers include:
- Costs
- Coal is increasing
- Converting coal to electricity is increase (due to emission controls)
- Natural gas is decreasing
- Converting natural gas to electricity is cheaper than coal
- Coal is increasing
- Meeting environmental emissions; natural gas produces much less carbon emissions and none of the mercury or metals of coal
- Cost of mining coal; mountain top mining has been nearly eliminated requiring more expensive underground mining
- Abundance of natural gas; proven reserve in the US have grown by 400%
What may be lost in this process is over reliance on a single fuel supply. When the next polar vortex hits it will expose the fact that not only is our electric generation tied to natural gas but so is the majority of our heating.
And what really hasn’t increased in these past 15 years; pipelines into our major population centers. The majority of our urban areas still are served by natural gas pipelines that will be fully committed, without capacity for supplying more. So the law of supply and demand will be balanced; and costs will rise and rise dramatically.
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.climatecentral.org/news/natural-gas-to-surpass-coal-for-electricity-20154