DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,732 Bcf as of Friday, November 8, 2019, according to EIA estimates.
This represents a net increase of 3 Bcf from the previous week. Stocks were 491 Bcf higher than last year at this time and 2 Bcf above the five-year average of 3,730 Bcf. At 3,732 Bcf, total working gas is within the five-year historical range.
Wind Energy supplies nearly 7% of US Electric Demand
There are many ways to measure growth such as this table showing how wind energy went from near 0% to over 7% in less than 9 years.
During that same time, coal declined by half as solar increased by 2%.
During this period, US electric consumption increased by 10%.
If you have followed any technology over the last several years, you are aware that natural gas and solar use has increased but wind is the real story.
Wind energy is the least costly energy source in the US. This fact is not a political statement but can be verified by any US utility that sought competitive bids for energy supply in the last 9 years.
The forecast is more of the same. This shift in energy production occurred without tapping the largest wind energy resource utilized by Asia and Europe: off-shore wind.
Wind energy requires jobs. For every loss of a coal job, at least 1.5 jobs were added in wind and clean energy. However, job losses and gains were typically not in the same areas.
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.awea.org/2018-market-report_us-wind-power-grew-8-percent-in-2018
https://en.wikipedia.org/wiki/Growth_of_wind_power_in_the_United_States
https://www.cnbc.com/2019/10/31/us-wind-energy-capacity-now-over-100-gigawatts-says-new-report.html
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,695 Bcf as of Friday, October 25, 2019, according to EIA estimates.
This represents a net increase of 89 Bcf from the previous week. Stocks were 559 Bcf higher than last year at this time and 52 Bcf above the five-year average of 3,643 Bcf. At 3,695 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,606 Bcf as of Friday, October 18, 2019, according to EIA estimates.
This represents a net increase of 87 Bcf from the previous week. Stocks were 519 Bcf higher than last year at this time and 28 Bcf above the five-year average of 3,578 Bcf. At 3,606 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,519 Bcf as of Friday, October 11, 2019, according to EIA estimates.
This represents a net increase of 104 Bcf from the previous week. Stocks were 494 Bcf higher than last year at this time and 14 Bcf above the five-year average of 3,505 Bcf. At 3,519 Bcf, total working gas is within the five-year historical range.
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.
More wind, solar and storage could add up to savings for Midwesterners
Do you want to pay less for energy used to run all your electronics? What’s keeping costs high? Would you believe it’s the use of coal, oil and natural gas?
In the Midwest and Great Lakes area, the cost of electricity could decrease by over $48/year for the average residential customer. How? By eliminating the way electricity is priced at the wholesale level.
When oil, coal and nuclear energy were the primary fuel sources, payments for energy were based on the ability to deliver energy quickly. This meant the large fossil fuel plants had to be kept in a ready-to-generate mode.
Today’s wind and solar energy are kept in a ready state without any fuel costs. So, transferring to wind and solar while not paying fossil fuel plants to stay ready would result in large and sustainable cost reductions.
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.renewableenergyworld.com/2019/10/02/report-more-wind-solar-and-storage-could-add-up-to-savings-for-midwesterners/#gref
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,415 Bcf as of Friday, October 4, 2019, according to EIA estimates.
This represents a net increase of 98 Bcf from the previous week. Stocks were 472 Bcf higher than last year at this time and 9 Bcf below the five-year average of 3,424 Bcf. At 3,415 Bcf, total working gas is within the five-year historical range.
NICOR is spending $168 million; increasing your monthly bill.
Just as a chill returns, NICOR plans to increase your heating costs.
NICOR, the largest gas utility in Illinois, asked for $180 million which was reduced in a 3-2 vote by commissioners. Still, the increase is expected to raise every residential customer’s bill by over $3/ month.
This increase is on the distribution side of the bill for the delivery of gas through their pipes. The Illinois Customer Choice Program still offers consumers direct pricing from energy suppliers. Realgy publishes our price compared to NICOR every month; resulting in nearly 5% savings over the last 12 months which is typically between 4-8% monthly. This is about an $85 savings for an average residential customer.
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.chicagobusiness.com/utilities/nicors-168-million-rate-hike-will-cost-typical-household-3-plus-month
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,317 Bcf as of Friday, September 27, 2019, according to EIA estimates.
This represents a net increase of 112 Bcf from the previous week. Stocks were 465 Bcf higher than last year at this time and 18 Bcf below the five-year average of 3,335 Bcf. At 3,317 Bcf, total working gas is within the five-year historical range.