DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,323 Bcf as of Friday, January 28, 2022, according to EIA estimates.
This represents a net decrease of 268 Bcf from the previous week. Stocks were 393 Bcf less than last year at this time and 143 Bcf below the five-year average of 2,466 Bcf. At 2,323 Bcf, total working gas is within the five-year historical range.
Increased Costs for Regulatory Oversight
Should Illinois gas utilities avoid regulatory oversight and continue allowing politicians to authorize them to spend BILLIONS to do their job? Previous articles highlight the fact that Nicor has spent billions and increased consumer’s costs, all to perform maintenance work that was NOT done for decades.
Gas utilities have a monopoly to deliver natural gas. They get paid to spend money to maintain their pipeline service network. That is; they ONLY make money when they SPEND money. However, they want to get paid more to maintain their network without any guarantee that what they spend produces benefits for the consumers.
Citizens Utility Board is trying to raise awareness that politicians should NOT give additional guarantees to utilities to do their job. Especially if it raises your costs without any requirement that the maintenance becomes useful for serving your gas needs.
Please follow the link below and lend your voice to responsible utility oversight.
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: Eliminate the QIP Surcharge (salsalabs.org)
DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,591 Bcf as of Friday, January 21, 2022, according to EIA estimates.
This represents a net decrease of 219 Bcf from the previous week. Stocks were 308 Bcf less than last year at this time and 25 Bcf below the five-year average of 2,616 Bcf. At 2,591 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,810 Bcf as of Friday, January 14, 2022, according to EIA estimates.
This represents a net decrease of 206 Bcf from the previous week. Stocks were 226 Bcf less than last year at this time and 33 Bcf above the five-year average of 2,777 Bcf. At 2,810 Bcf, total working gas is within the five-year historical range.
Michigan’s stride to clean energy?
Michigan has over 10 utilities and each must submit to the MPSC their plan to reduce emissions.
Governor Whitmer will be issuing an executive order on Climate Solutions within the next months.
Consumers Energy is proposing to phase out all its coal plants by 2025, which is good. However, it further proposes to acquire and build new gas plants; less good.
DTE Energy will be filing their plan later in 2022.
Crafting energy policy is very delicate as it requires ramping up investment in alternatives while continuing to meet present energy 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 7 solar plants in Illinois and is looking to invest in additional locations.
Additional Information: What’s next for Michigan’s stride to clean energy? – Energy News Network
Natural gas surges 14% as cold snap ahead is expected to boost demand
US natural gas futures surged 14% in early January 2022. This is on top of recent increases beginning in the fall of last year. In early October into November 2021 oil and natural gas prices surged.
Natural gas is a commodity purchased from suppliers (including utilities) at published prices. Typically, the price referenced is the NYMEX. All natural gas suppliers are impacted by the same cost increase. However, some suppliers such as utilities can delay the impact due to their regulatory price recovery. This can be understood when utilities do not share storage with their third-party suppliers. Natural gas in storage will not increase when the market price does. Those utilities can appear to have a lower price when in fact they just bought the gas during the summer and stored it. Michigan utilities operate like this; they do not provide their customer choosing a gas supplier with their share of storage volume. Therefore, the energy suppliers in Michigan cannot readily offer storage to their customer. Illinois utilities share their storage volumes equally between choice and tariff customers. Therefore, Illinois customer choice customers have nearly 20% of their winter gas purchased during the summer. Realgy calls this our Storage Program see Storage – Realgy Energy Services.
Natural gas pricing was not expected to rise significantly. However, Covid, weather, and consumer behaviors changed that forecast.
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. Currently we are in construction of our 8th project with the park district of Highland Park.
Additional Information:
How Will the Natural Gas Shortage Impact Fuel Dealers and Homeowners? – OILMAN Magazine
Natural gas surges 14% as cold snap ahead is expected to boost demand (cnbc.com)
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,016 Bcf as of Friday, January 7, 2022, according to EIA estimates.
This represents a net decrease of 179 Bcf from the previous week. Stocks were 199 Bcf less than last year at this time and 72 Bcf above the five-year average of 2,944 Bcf. At 3,016 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,195 Bcf as of Friday, December 31, 2021, according to EIA estimates.
This represents a net decrease of 31 Bcf from the previous week. Stocks were 154 Bcf less than last year at this time and 96 Bcf above the five-year average of 3,099 Bcf. At 3,195 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,417 Bcf as of Friday, December 10, 2021, according to EIA estimates.
This represents a net decrease of 88 Bcf from the previous week. Stocks were 326 Bcf less than last year at this time and 64 Bcf below the five-year average of 3,481 Bcf. At 3,417 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,505 Bcf as of Friday, December 3, 2021, according to EIA estimates.
This represents a net decrease of 59 Bcf from the previous week. Stocks were 356 Bcf less than last year at this time and 90 Bcf below the five-year average of 3,595 Bcf. At 3,505 Bcf, total working gas is within the five-year historical range.