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Natural gas prices spike on cold weather and lowest early season supply in 15 years

Natural gas storage is at a 5 year low and we have a brief cold spell….so natural gas traders have run the market up.

In the graph below, the thick blue line is the current season… this is well below the 5 year average.

Natural gas prices have moved to their highest since Feb 2018.

…due to a little cold weather.

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:
http://www.thonline.com/news/tri-state/article_13b4f4e3-3b47-555c-a828-8e1ef4ffac2c.html

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New York Sues Exxon Mobil, Saying It Deceived Shareholders on Climate Change

Investigations of over 3 years held by New York’s attorney general resulted in the suing of Exxon Mobil. They believe the company schemed to deceive investors, analysts, and underwriters “by downplaying the expected risks of climate change to it’s business”. The suit claims Exxon defrauded shareholders by misleading them to believe the company took into consideration the effects of future climate regulations. The NY attorney general demands Exxon make restitution to investors and return the money it made off the alleged fraud.

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.nytimes.com/2018/10/24/climate/exxon-lawsuit-climate-change.html?smtyp=cur&smid=tw-nytclimate

 

 

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Winter 2018-2019 forecast includes El Niño …here’s what to expect

Forecasts have been pending; will the weather condition that warms the eastern Pacific show up? ….the answer is yes. Welcome to El Niño.

El Niño means a couple of things for our weather outlook:

  1. Midwest will be normal to slightly warmer
  2. Midwest will be drier than normal

The northwest and upper northeast will be warmer while the southeast and southwest will be wetter.

Remember, normal is defined as the average condition over 20 years… it doesn’t represent any 1 winter but, the average of 20 winters.

To better understand Normal check out http://realgyenergyservices.com/request-for-service/weather-normalization/

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.msn.com/en-us/weather/topstories/el-niño-looks-imminent—heres-what-that-means-for-you/ar-BBOBif0?ocid=spartanntp

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Experts: Clock is ticking to cut back greenhouse gas emissions

According to reports, we only have a short time to cut back on greenhouse gases to limit climate change. By the end of this century, temperatures are expected to rise so high that consequences would be severe. Many solutions are available such as using renewable energy, limiting carbon pollution, investing in efficient energy technologies, and more. Sustainability needs to be widespread to have a positive impact on climate related issues.

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://energynews.us/2018/02/13/midwest/experts-clock-is-ticking-to-cut-back-greenhouse-gas-emissions/

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What Are Schools Doing to Go Green?

School is back in session! Nationally, many have implemented renewable energy as it is a positive impact on the environment along with a way to lower utility bills. More schools are participating in clean energy programs such as solar panel installations and using electric school buses. Over 5,500 US schools installed solar arrays. Electric buses remain a higher cost upfront but have lower fuel and maintenance costs. Over time, schools will recoup the initial costs to gain a more environmentally friendly source of transportation. These money-saving investments aid in educating students while employing sustainable energy resources.

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 6 solar plants in Illinois and is looking to invest in additional locations.

Additional Information:
https://www.nytimes.com/2018/09/05/climate/what-are-schools-doing-to-go-green.html 

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Remembering…the Polar Vortex of Dec17 thru Jan18

USA temp map. Image credit: NOAA

It was cold, dark and who knew how expensive it would be!

Now we do. PJM is the system operator that controls when power plants run to maintain the electric grid between NJ to Northern Illinois. They reported the cost of the “uplift” or charges related to running power plants during this unusually high demand period. They were:

  • For the months of the polar vortex Dec 17/Jan18 the total was $70 million (the normal is $20 million)
  • During the worst day, the cost was $47 million (average charges are $4.3 million per day)

So, yes it was cold, yes it was dark and yes it was expensive.

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 6 solar plants in Illinois and is looking to invest in additional locations.

Additional Information:
http://www.energychoicematters.com/stories/20180227d.html

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Wholesale Electric Costs Skyrocket in Jan 2018 with Polar Vortex

The Polar Vortex of Jan 2018 may be history, hopefully not to revisit.
However, its impact is still being felt.

Below is a table of the wholesale electric costs in the ComEd utility area of January 15, 2018

polar vortex Jan 2018

The Wholesale Energy Costs nearly doubled. As the wholesale market provides power to ALL utility and Realgy customers, every customer will feel this cost increase.

Realgy passes costs incurred each month. Typically our costs are below ComEd. In January 2018 the polar vortex caused a supply peak and corresponding price increase.

As this is a temporary increase and one that changes during the month, we collect it through the settlement recovery charge on your bill. It will only appear on your January bill. Then, like the Polar Vortex, it will go away.

ComEd, as a monopoly utility, will collect this increase as part of their next rate increase which will be as early as February.

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 6 solar plants in Illinois and is looking to invest in additional locations.

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Recent cold snap shatters Polar Vortex records for natural gas demand — could send bills surging

636507510659612747-06-dk-snow06.jpg

Citizen’s Energy Group reported a record use of natural gas. Due to the recent polar vortex (when temperatures drop to well below 0) from Dec 26 through Jan 6 (10 days) over 5.6 million dekatherms were used; MORE THAN a 25 day supply during normal winter weather!

With the extreme cold you had price increases of about 3 times more than normal. Bills will be higher for January. However, more moderate winter weather is forecast so the increase will be temporary.

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 6 solar plants in Illinois and is looking to invest in additional locations.

Additional Information:
https://www.indystar.com/story/news/2018/01/09/recent-cold-snap-shatters-polar-vortex-records-natural-gas-demand-could-send-bills-surging/1013669001/

 

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DOE EIA Weekly Gas Storage Report

Working gas in storage was 3,626 Bcf as of Friday, December 8, 2017, according to EIA estimates.

This represents a net decrease of 69 Bcf from the previous week. Stocks were 201 Bcf less than last year at this time and 27 Bcf below the five-year average of 3,653 Bcf. At 3,626 Bcf, total working gas is within the five-year historical range.

 

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One year later, Illinois energy jobs law bearing fruit

What creates electricity and jobs? Solar Energy!

A new community solar plant will be generating enough energy to power 400 homes in Tazewell County. Building and maintaining the solar plant required about 30 jobs. The solar plant and the jobs were the result of Illinois’ Future Energy Jobs Act. Any community in the state can do the same due to the legislation which Sen. Dave Koehler, D-Peoria helped pass.

Realgy owns and operates 6 solar plants in Illinois and is looking to invest in additional locations.

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.

Additional Information:

http://www.pjstar.com/news/20171206/one-year-later-illinois-energy-jobs-law-bearing-fruit

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