Daily Market Report – May 17, 2022

Daily Market Report – May 17, 2022

Overnight weather runs once again shifted warmer this morning. The GFS Ensemble added at total of 2 CDDs, while the Euro Ensemble added 4 CDDs. The peak heat is expected to hit this coming weekend. As the heat comes this week, wind is much lower which should add to...
Daily Market Report – May 16, 2022

Daily Market Report – May 16, 2022

The heat continued in Texas this past weekend. ERCOT called on residents to conserve energy Friday after six generation facilities tripped offline amid hot weather, prompting power prices to spike. The power-plant failures resulted in a loss of about 2,900 MW. The...
Weekend Market Report – May 15, 2022

Weekend Market Report – May 15, 2022

This week we start by focusing on recent power market data to better understand the level of burns this summer. We turn to the EIA 930 data to get more details on how power markets have been functioning this summer so far. Looking at the data, we quickly see that...
Daily Market Report – May 13, 2022

Daily Market Report – May 13, 2022

The EIA reported a +76 Bcf injection for the week ending May 6th, which came in slightly lower than market estimates. This storage report takes the total level to 1643 Bcf, which is 376 Bcf less than last year at this time and 312 Bcf below the five-year average...
Daily Market Report – May 12, 2022

Daily Market Report – May 12, 2022

For today’s storage report our final projection is +82 Bcf (S/D +82 and Flow +80). There is the possibility of a higher injection in the SC again this week with the market missing the real amount of production in the Texas region, particularly associated...