DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,831 Bcf as of Friday, October 2, 2020, according to EIA estimates.
This represents a net increase of 75 Bcf from the previous week. Stocks were 444 Bcf higher than last year at this time and 394 Bcf above the five-year average of 3,437 Bcf. At 3,831 Bcf, total working gas is above the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,756 Bcf as of Friday, September 25, 2020, according to EIA estimates.
This represents a net increase of 76 Bcf from the previous week. Stocks were 471 Bcf higher than last year at this time and 405 Bcf above the five-year average of 3,351 Bcf. At 3,756 Bcf, total working gas is above the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,525 Bcf as of Friday, September 4, 2020, according to EIA estimates.
This represents a net increase of 70 Bcf from the previous week. Stocks were 528 Bcf higher than last year at this time and 409 Bcf above the five-year average of 3,116 Bcf. At 3,525 Bcf, total working gas is above the five-year historical range.
Ohio follows Michigan in providing steps to recovery
As all things are COVID-19 pandemic, local support is everything.
In Michigan, we have won awards from towns for the use of PPE in door-to-door marketing. Please see https://realgyenergyservices.com/kent-county-recognizes-realgys-safe-business-practices/.
Ohio, likewise, has provided guidelines and protocols for restarting door-to-door marketing to offer competitive retail energy.
Local application of public health rules along with adequate protections appear to be on to balance public safety and commerce.
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.energychoicematters.com/stories/20200812a.html
The True Impact Of COVID-19 On Natural Gas Demand
2020 has seen a record decline in natural gas usage. Covid-19 hit directly after a warmer winter in the northern hemisphere. Both factors created the largest shock in the history of natural gas global markets and severely impacted the industry. Demand is expected to drop by 4% year on year and all regions with major markets will be hit; losing about 75% of consumption this year. Markets are adjusting supply and trade resulting in high volatility. Future developments will have a lasting impact from this pandemic and we will see more uncertainties come to light as the year progresses.
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/Energy/Energy-General/The-True-Impact-Of-COVID-19-On-Natural-Gas-Demand.html
Coronavirus And Slumping Prices Hit Ohio Valley’s Oil & Gas Sector
The entire world has been adjusting during the coronavirus outbreak. Many companies that contribute greatly to the economy are facing challenges to stay in business. The changes in energy demand have led to the sector taking a huge hit with oil and natural gas prices dropping drastically. Construction has been put on hold, jobs have been altered, and the extent of damages done by this pandemic is still a shifting status. Oil and gas producers may seek a bailout and lawmakers are being asked to alter the Jones Act to ease requirements.
Utilities have been suspending their disconnection policies and are ensuring they prioritize safety to stop the spread of the virus. The Public Utilities Commission of Ohio (PUCO) is requiring this of the entire state. The impact of this virus is affecting everyone in various ways and PUCO is prioritizing that their residents will not go without shelter, water, food, heat, and communication. We commend all essential workers that are putting their lives at risk to ensure citizens are safe and receiving more than just the necessities of life.
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://wfpl.org/coronavirus-and-slumping-prices-hit-ohio-valleys-oil-gas-sector/
Looking Back
As we prepare to ring in the new year, most are looking back on an incredible year of innovations and historical moments. Events such as these do not occur without hard work, inspiration, and dedication. Look back at the last year and relish the ups and downs, the hurdles and accomplishments; whether minor or grand, know that 2019 set the precedence for our future. And it sure is looking bright.
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://realgyenergyservices.com/illinois-100-clean-energy-bill/
https://realgyenergyservices.com/midwest-groundcovers-completes-addition-to-solar-power-project/
https://realgyenergyservices.com/transforming-energy-education-in-the-digital-age/
https://realgyenergyservices.com/wind-energy-supplies-nearly-7-of-us-electric-demand/
https://realgyenergyservices.com/powerhouse-building-produces-more-energy-than-it-needs/
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.