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Ecom-Energy’s July 2021 Natural Gas Market Update
With record heat and drought conditions, pricing has focused on near-term weather and expectations for both strong domestic demand and U.S. exports.
With record heat and drought conditions, pricing has focused on near-term weather and expectations for both strong domestic demand and U.S. exports.
With growing concerns about drought conditions in the West and the potential for a warmer than normal summer, prices will remain elevated in the near term.
Utility costs are out of control. Ecom-Energy’s objective consulting services can help!
Low storage injections and early hot-summer forecasts along with continued strength in LNG exports are supporting the gas market in recent weeks.
As the U.S enters the natural gas injection season, short-term (12-month) contracts continue to carry a premium thanks to lackluster production and less than ideal storage.
CA utilities have filed a joint proposal with state regulators proposing a new net energy metering (NEM) tariff with an expected decision by November 2021.
With production falling and storage near the five-year low, short-term gas deals are likely to carry a premium. Work with an objective expert like Ecom-Energy to get the most competitive prices available.
At its highest point, approximately 48.6% of the Electric Reliability Council of Texas’ (ERCOT’s) power generation was forced out due to extreme weather conditions. This caused a critical supply shortage just as demand ramped up, creating emergency conditions that forced the grid operator to initiate rolling outages throughout the week of February 15.
PCIA, or “exit fees,” have increased 900% since in 2013 in PG&E territory. These fees impact the feasibility of CCAs and participation in CA’s Direct Access electricity procurement program.
SoCal Edison has EV-specific rate options that can help you save on kW demand charges. Ecom-Energy, Inc. can help evaluate savings.