Projected Load Growth
Many changes have occurred over the past several years with energy capacity. Coal-fired plants actively retiring, renewable energy installations increasing, and storage capacity surging in the near future are some aspects taken into consideration when projecting load growth rate. The anticipated rates through 2029 are showing growth from -0.5 to 2% for NERC regions. The focus now is to assess the current resource base to accommodate these expectations.
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.spglobal.com/en/
One underperforming sector is making a stealthy comeback this month
After a rough summer, energy stocks have begun to improve. At the moment, the sector is the “best performer on the S&P 500”. This time of year is typical of a shift but, the increase follows a large hit causing it to be the worst performer in August 2019. Technological advances in the industry have caused various movements throughout the sector but predictions say we should continue to see the upward trend.
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.cnbc.com/2019/11/06/the-energy-sector-is-making-a-stealthy-comeback-this-month.html
Trader Abbie – Natural Gas
The NYMEX front-month natural gas contract settled slightly lower on Wednesday as the market juggled colder weather forecasts and excess supply.
The front-month contract fell 3.6 cents to settle at $2.349/MMBtu, trading within a range of $2.293-$2.384/MMBtu.
“[Natural gas] continues to bounce off the $2.20[/MMBtu] level and is seeing some resistance coming up at the $2.40[/MMBtu] level. Talks of colder weather in the Midwest are giving it a little bit of a lift.”
According to a survey conducted by S&P Global Platts, storage inventories are expected to increase to 108 Bcf for the week ending October 10. This injection sits 27 Bcf above the yearly average of 81 Bcf and sits 26 Bcf above the storage injection level at this time last year.
The most recent 8 to 14-day weather outlook from the National Weather Service calls for a likelihood of warmer-than-average temperatures in the Southwest and parts of the Northeast, with a likelihood of cooler-than-average temperatures in the Midcontinent, Southeast, parts of the Northeast, and Texas.
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.