DOE EIA Weekly Gas Storage Report
Working gas in storage was 1,682 Bcf as of Friday, February 23, 2018, according to EIA estimates.
This represents a net decrease of 78 Bcf from the previous week. Stocks were 680 Bcf less than last year at this time and 372 Bcf below the five-year average of 2,054 Bcf. At 1,682 Bcf, total working gas is within the five-year historical range.
Regulation of the Unregulated.
Taxation without Representation leads to the start of a new nation. Who knows what regulation of the unregulated will unleash?
Utilities are monopolies. As such, they have no competition for the delivery of electricity or natural gas. The way their costs are established is by oversight by government regulatory agency (not competition). The agency determines if expenditures are spent for useful purposes and if they are, they get to recover the cost PLUS a profit of around 10%.
In Illinois, the regulatory agency is called the Illinois Commerce Commission or ICC; the ICC’s charter requires them to be
“…safe and least-cost public utility services, while promoting the development of an
effectively competitive energy supplier market.” (emphasis added)
In the 1980’s, utilities sold off the majority of their power plants to create competition amongst power generators and a wholesale power market. The ICC recognized that the monopoly utility was no longer necessary to buy and markup the electricity for their customers. Customers could buy it directly. The result: 75% of Illinois residents purchase their energy from an energy supplier and the result is $37 billion in savings.
A monopoly takes NO RISKS and passes through all their costs to customers. Regulators are only necessary when competition doesn’t exist or public interest is at risk.
The state legislators want to tax energy marketers to pay for the ICC regulatory enforcement. Enforcement over the utility. Taxing NON-MONOPOLY companies that compete against each other every day and against the utility which takes no risks.The ICC should reject this action as against their charter and require legislators or the utilities to pay for the cost of oversight of regulated companies. Energy marketers shoulder the risk and costs to provide electricity to customers through the regulated utility. Taxing them will NOT promote competitive energy 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 6 solar plants in Illinois and is looking to invest in additional locations.
Additional Information:
http://www.energychoicematters.com/stories/20180221a.html
DOE EIA Weekly Gas Storage Report
Working gas in storage was 1,760 Bcf as of Friday, February 16, 2018, according to EIA estimates.
This represents a net decrease of 124 Bcf from the previous week. Stocks were 609 Bcf less than last year at this time and 412 Bcf below the five-year average of 2,172 Bcf. At 1,760 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 1,884 Bcf as of Friday, February 9, 2018, according to EIA estimates.
This represents a net decrease of 194 Bcf from the previous week. Stocks were 577 Bcf less than last year at this time and 433 Bcf below the five-year average of 2,317 Bcf. At 1,884 Bcf, total working gas is within the five-year historical range.
ALEXA, lower my energy costs
So, home automation or SMART homes are providing access to interconnected information which connects to your home appliances, HVAC, refrigerator, TV, etc.
Connecting the internet where information can be constantly updated to devices that can be turned on/off or up/down all through voice control seems space age. HOWEVER, it’s very real.
Energy costs are the most volatile commodity in the world. Therefore, numerous strategies and appliances will emerge to take advantage of technology that can link them together. Such controls are emerging in the commercial and residential areas.
Realgy is investing in the future where; saying “Lower My Energy Costs”….will mean you will hear a choice of options and be able to select the lowest for your needs.
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 6 solar plants in Illinois and is looking to invest in additional locations.
Additional Information:
https://www.utilitydive.com/news/alexa-please-balance-the-distribution-grid/511678/
DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,078 Bcf as of Friday, February 2, 2018, according to EIA estimates.
This represents a net decrease of 119 Bcf from the previous week. Stocks were 503 Bcf less than last year at this time and 393 Bcf below the five-year average of 2,471 Bcf. At 2,078 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,197 Bcf as of Friday, January 26, 2018, according to EIA estimates.
This represents a net decrease of 99 Bcf from the previous week. Stocks were 526 Bcf less than last year at this time and 425 Bcf below the five-year average of 2,622 Bcf. At 2,197 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,296 Bcf as of Friday, January 19, 2018, according to EIA estimates.
This represents a net decrease of 288 Bcf from the previous week. Stocks were 519 Bcf less than last year at this time and 486 Bcf below the five-year average of 2,782 Bcf. At 2,296 Bcf, total working gas is below the five-year historical range
DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,584 Bcf as of Friday, January 12, 2018, according to EIA estimates.
This represents a net decrease of 183 Bcf from the previous week. Stocks were 368 Bcf less than last year at this time and 362 Bcf below the five-year average of 2,946 Bcf. At 2,584 Bcf, total working gas is within the five-year historical range.
Utility To Lower Default Service Rates Due To Federal Tax Cuts
So, the tax cut you heard about is lowering electric rates.
Baltimore Gas and Electric filed to lower its electric rate by 15%. This is due to their corporate tax rate decreasing from 35% to 21%. No word on if salaries are increasing for their employees. This will undoubtedly be a trend for utilities.
Remember, a utility is a monopoly and they can only earn their guaranteed rate of return; any surplus has to be refunded to customers.
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 6 solar plants in Illinois and is looking to invest in additional locations.
Additional Information:
http://www.energychoicematters.com/stories/20180116b.html