DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,281 Bcf as of Friday, February 12, 2021, according to EIA estimates.
This represents a net decrease of 237 Bcf from the previous week. Stocks were 105 Bcf less than last year at this time and 57 Bcf above the five-year average of 2,224 Bcf. At 2,281 Bcf, total working gas is within the five-year historical range.
Brutal Cold grips central United States
Temperatures have dropped more than 40° below the average.
Power costs have soared from $4 / MWh to over $600 / MWh.
Most of the news we are seeing is coming from Texas for several reasons:
- Well, it is really cold; well below freezing for nearly 5 days.
- Texas is a power island. They have no connections outside of Texas so, other states cannot supply power for them.
- Texas’ energy infrastructure is not built for freezing temperatures. This results in water main breaks, gas pipes freezing, and power equipment not operating properly.
Outside of Texas the Polar Vortex will have economic impact but, electricity and gas are generally staying on.
If your power or heat is interrupted, CALL your local utility.
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/interactive/2021/02/16/us/winter-storm-texas-power-outage-map.html?action=click&module=Spotlight&pgtype=Homepage
How Extreme Cold Turned Into a U.S. Energy Crisis
Over the past several days, extraordinary cold weather in the US from a polar vortex caused record temperatures across the country. Electricity and heating fuel costs skyrocketed while energy demand hit record levels. Millions of customers dealt with blackouts for the first time in a decade. Gas lines seized, wind turbines froze, and oil wells shut in. Across the grid in Texas, all energy sources had problems with some reasons still unknown. Texas’s emergency state will allow for more resources to become available and ensure residences, medical facilities, and related consumers are the priority to receive fuel first. The energy market in Texas is one of the most competitive in the US and power providers have to be prepared for extreme events such as this one. If not, they are set up for failure. Texas and Washington policy makers may need to review their system and make some changes to ensure a similar crisis is prevented or handled better.
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.bloomberg.com/news/articles/2021-02-15/how-extreme-cold-turned-into-a-u-s-energy-crisis-quicktake
DOE EIA WEEKLY GAS STORAGE REPORT
Working gas in storage was 2,881 Bcf as of Friday, January 22, 2021, according to EIA estimates.
This represents a net decrease of 128 Bcf from the previous week. Stocks were 78 Bcf higher than last year at this time and 244 Bcf above the five-year average of 2,637 Bcf. At 2,881 Bcf, total working gas is within the five-year historical range.
Virtual Power Plant
We have all been on Zoom calls instead of meeting in person. Our computers, cameras, and nearly everything takes electricity.
Virtual power plants do NOT generate electricity but, they do aggregate the generation of various sources and allow the power to be traded or sold.
A virtual power plant does 2 things. It gathers up demand from real solar panels, wind turbines, or other installed generation sources. It then allows that demand to be sold, tracked, and paid.
Its use is being explored. Consider the home or business that has solar PV generation that can shut down some equipment (think of turning off your AC). Then the solar power you would’ve used to run your AC system can be sold into the market.
A virtual power plant is a marketplace where those with generation can sell some of their production. And you won’t need a Zoom meeting to get it done.
This is an interesting way to allow free-market powers to address power market demand and supply.
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.alliedmarketresearch.com/virtual-power-plant-market
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,958 Bcf as of Friday, November 13, 2020, according to EIA estimates.
This represents a net increase of 31 Bcf from the previous week. Stocks were 293 Bcf higher than last year at this time and 231 Bcf above the five-year average of 3,727 Bcf. At 3,958 Bcf, total working gas is within the five-year historical range.
An $11 trillion global hydrogen energy boom is coming.
Long ago, oil and coal were discovered as useful when burned. This started us down the path of building a carbon and fossil-fueled economic world. Carbon is released when fossil fuels combust. Carbon monoxide (CO) and carbon dioxide (CO2) are known greenhouse gases.
Hydrogen is not naturally occurring like coal and oil. No dinosaurs died and decomposed into hydrogen. Remember that water is oxygen with two hydrogen atoms (H20). So, hydrogen exists in large quantities and can be readily separated from water and natural gas.
Like any fuel, storage issues must be addressed along with economic considerations. Just as technology investments caused wind and solar to become the power generation choice over coal and gas-fired generation. Technology has advanced to the point that a hydrogen energy cycle (extraction, storage, combustion, and conversion to electricity) is economic. The hydrogen option is becoming especially advantageous to countries that don’t have fossil fuels to extract. Fortunately, they have water and access to natural gas as alternatives to create hydrogen.
As electricity usage grows (powering cars, trucks, etc.) and climate change is addressed, alternatives to the carbon power cycle are needed. Technology has already made wind and solar the power generating choice for many. Hydrogen seems poised to add to the solution.
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/2020/11/01/how-salt-caverns-may-trigger-11-trillion-hydrogen-energy-boom-.html
DOE EIA Weekly Storage Report
Working gas in storage was 3,955 Bcf as of Friday, October 23, 2020, according to EIA estimates.
This represents a net increase of 29 Bcf from the previous week. Stocks were 285 Bcf higher than last year at this time and 289 Bcf above the five-year average of 3,666 Bcf. At 3,955 Bcf, total working gas is above the five-year historical range.
One company’s grand plan to help suppliers club together to buy green energy
What do long-term global or local businesses do when they see a problem? They solve it.
Climate change impacts lives today and is forecasted to accelerate its negative impact through increased storms, draught, fire, and hurricanes. Using the tools and abilities within their disposal, governments and businesses have responded to face this challenge.
Governments around the world agreed collectively to reduce emissions; see the Paris Agreement. The goal is for each country to reduce its emissions over 50 years.
Businesses are moving to reduce their carbon emissions by committing to renewable energy. A large company example is Walmart. In 2005, Hurricane Katrina devastated New Orleans and Walmart committed to sustainable energy. Fast forward to 2020, that commitment has translated to reduced waste and 29% of its electricity coming from renewables. Walmart’s aim is to use its initiative to create an alliance of companies that commit to renewable energy regardless of size called the Renewable Energy Buyers Alliance.
Seeing a problem and addressing it provides for opportunities. Walmart is reducing costs to operate its business while reducing waste and greenhouse gases that contribute to global warming. Win-Win-Win.
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/2020/10/23/walmart-wants-suppliers-to-buy-renewable-energy-collectively.html
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,877 Bcf as of Friday, October 9, 2020, according to EIA estimates.
This represents a net increase of 46 Bcf from the previous week. Stocks were 388 Bcf higher than last year at this time and 353 Bcf above the five-year average of 3,524 Bcf. At 3,877 Bcf, total working gas is above the five-year historical range.