Natural gas spikes during winter storm and regulatory commission wont require disclosure of pricing
The Polar Vortex of February 2021 sparked numerous lawsuits and multiple investigations at nearly every Government level. Consider Kansas.
The Kansas Attorney General is investigating the price spike and looking to enforce the states prohibition against anti-profiteering law.
However, the Kansas Corporation Commission (oversees regulatory matters) denied two motions of the anti-profiteering investigation.
Consider this statement from an oversight commission whose job includes ensuring open and fair price disclosure.
The commission said the consumer coalition “has not demonstrated that disclosure will benefit the public interest,” and release of the proprietary information has “great potential to harm current and future Kansas natural gas customers through higher purchased gas costs. A general argument in favor of transparency cannot outweigh this very real harm to customers.”
Yes, the commission responsible for regulatory oversight has said disclosure of pricing during the polar vortex COULD HARM customers. Mind you, the pricing has already been paid and this request is to see what contributed to the higher prices.
The principal role of a utility oversight board is to investigate pricing. Kansas Corporation Commission appears to stand alone in not wanting disclosure.
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: Kansas AG says winter storm natural gas prices appear illegal (salina.com)
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,006 Bcf as of Friday, September 10, 2021, according to EIA estimates.
This represents a net increase of 83 Bcf from the previous week. Stocks were 595 Bcf less than last year at this time and 231 Bcf below the five-year average of 3,237 Bcf. At 3,006 Bcf, total working gas is within the five-year historical range.
Europe’s Energy Crisis Worsens As Wind Stops Blowing
Energy prices have skyrocketed throughout Europe. The reopening of EU economies increased gas demand and resulted in a natural gas shortage. On top of that, lower wind power generation from unexpectedly mild weather caused the normal output of 24 GW to be less than 1 GW over several days. Coal plants had to be restarted to create enough electricity. The record high prices and low supply are a large concern especially with winter approaching.
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://oilprice.com/Latest-Energy-News/World-News/Europes-Energy-Crisis-Worsens-As-Wind-Stops-Blowing.html
DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,923 Bcf as of Friday, September 3, 2021, according to EIA estimates.
This represents a net increase of 52 Bcf from the previous week. Stocks were 592 Bcf less than last year at this time and 235 Bcf below the five-year average of 3,158 Bcf. At 2,923 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,871 Bcf as of Friday, August 27, 2021, according to EIA estimates.
This represents a net increase of 20 Bcf from the previous week. Stocks were 579 Bcf less than last year at this time and 222 Bcf below the five-year average of 3,093 Bcf. At 2,871 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,851 Bcf as of Friday, August 20, 2021, according to EIA estimates.
This represents a net increase of 29 Bcf from the previous week. Stocks were 563 Bcf less than last year at this time and 189 Bcf below the five-year average of 3,040 Bcf. At 2,851 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,822 Bcf as of Friday, August 13, 2021, according to EIA estimates.
This represents a net increase of 46 Bcf from the previous week. Stocks were 547 Bcf less than last year at this time and 174 Bcf below the five-year average of 2,996 Bcf. At 2,822 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,776 Bcf as of Friday, August 6, 2021, according to EIA estimates.
This represents a net increase of 49 Bcf from the previous week. Stocks were 548 Bcf less than last year at this time and 178 Bcf below the five-year average of 2,954 Bcf. At 2,776 Bcf, total working gas is within the five-year historical range.
Vistra Accelerates Closure of Ohio Coal Plant
VISTRA Energy will accelerate the retirement of their 1,200 MW (enough power to provide energy to 1,400 homes) plant on or before May 2022.
What will replace it? Solar or wind energy with battery storage.
The reason? Money. The price of power that VISTRA could receive has declined by over 50%.
Only renewable energy is economical enough to generate power at the expected energy rates.
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: Vistra Accelerates Closure of Ohio Coal Plant to Mid-2022, Years Earlier Than Planned – Jul 19, 2021 (vistracorp.com)
DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,727 Bcf as of Friday, July 30, 2021, according to EIA estimates.
This represents a net increase of 13 Bcf from the previous week. Stocks were 542 Bcf less than last year at this time and 185 Bcf below the five-year average of 2,912 Bcf. At 2,727 Bcf, total working gas is within the five-year historical range.