Warm weather across the United States during the first half of July could translate into greater demand and a boost to natural gas markets, but the specter of COVID-19 looms.
Western energy prices lifted as weather conditions moved to seasonally normal temperatures, with triple-digit highs posted in portions of Arizona and the San Joaquin Valley the week of June 22.
Natural gas prices at the benchmark Henry Hub reached a low of $1.38/MMBtu June 16, the lowest price since December 1998 "in nominal terms," the U.S. Energy Information Administration said.
Pacific Northwest nighttime power prices retreated underwater with ample hydro generation in the region. Mid-Columbia off-peak power spent most of the May 28 to June 4 trading period in negative pricing territory. The hub dropped $7.65 in trading, ending at minus 50 cents/MWh June 4. The day…
As Pacific Northwest hydro generation continued increasing the week of May 18, Mid-Columbia pricing went underwater and Columbia Generating Station reduced generation to compensate.
The final California snowpack measurement of the season shows March and April precipitation failed to offset extreme dryness early in the water year.
In recent weeks, California ISO demand has been softened by state stay-at-home order, but the latest usage climbed as the week progressed, mirroring rising temperatures, with demand increasing by almost 21 percent between April 19 and April 23.
Demand and market uncertainty continued weighing on Western energy prices as the temporary unavailability of Aliso Canyon storage threw one more spanner in the works for regional natural gas markets.
California energy demand and prices edged up this week after falling in the early days of the COVID-19 pandemic, reversing the trend and demonstrating that the only constant in the current market is change. Also worth noting, the demand peak shifted back to Monday this week, after previously…
California ISO demand decreased throughout the week as voluntary efforts to sequester to stem the spread of COVID-19 transformed into a stay-at-home order by Gov. Gavin Newsom.
Less domestic natural gas production and more power generation demand should push natural gas prices higher in the third quarter of 2020, but prices are down since the last analysis published by the U.S. Energy Information Administration.
Winter is typically when natural gas supplies are whittled away by weather-prompted withdrawals needed for electric heating, but this year's mild conditions have kept natural gas in storage.
The latest measurement of the California snowpack shows it is below average for this time of year, potentially affecting hydroelectric power and the severity of the upcoming wildfire season.
Natural gas storage in Southern California is nearing capacity, but without heating demand, stores may soon be full, according to a recent analysis by Energy GPS.
After a lengthy out-of-service period that caused frustration with some system users, it appears major repairs of the Southern California natural gas distribution infrastructure might be nearing completion.
A shot of cold weather across the West during the trading week resulted in mixed regional energy prices. Enerfax noted that colder weather will only become a factor influencing national prices if it continues moving east.
Western energy prices generally trended lower in the Dec. 5 to Dec. 12 trading period, while Western natural gas prices eroded between 4 and 19 cents, with the Malin and Opal trading hubs posting the greatest loss, down 19 cents each to $2.51/MMBtu and $2.48/MMBtu by Dec. 12.
Natural gas pipeline disruptions and constraints across the West appear to be on the verge of becoming history as conduits across the region return to normal operating pressure.
Despite Mother Nature fulfilling forecasters' predictions of rain, snow and high winds, Western power prices didn't seem to uniformly respond to the weather cues.
The advent of cooler weather, with possible rain and snow forecast across the West, sent regional energy prices higher at the end of Nov. 14 to Nov. 21 trading. Both power and natural gas prices trended upward as temperatures decreased throughout the week.
With "near-record injection activity" in the April 1 to Oct. 31 natural gas refill season, the U.S. natural gas inventory recovered from low levels at the end of the 2018-2019 heating season, according to the U.S. Energy Information Administration. The EIA estimates working natural gas in st…
Southern California Gas returned two long-out-of-service natural gas pipelines to operation and released more details about the projected supply changes that will result.
An end to repairs at key infrastructure locations in the West means natural gas transmission flows have resumed, sending some prices lower, although some lines are not yet at full capacity.
Widespread public power shut-offs are being credited with pushing California natural gas prices higher in the Oct. 3 through Oct. 10 trading period.
The first of October marked the beginning of a new water year that is kicking off with "significantly more" in storage than in the prior year, according to the California Department of Water Resources.
Pipeline constraints and reduced storage at Aliso Canyon, coupled with current inventory levels that are less than 2018's, prompted California PUC Executive Director Alice Stebbins to ask Southern California Gas Co. to "take immediate action" to prevent reliability problems this winter.
Natural gas prices at three California hubs moved above the $3 per MMBtu mark as withdrawals were made from regional storage facilities.
Searing, record heat across the Western U.S. didn’t translate into higher power demand or prices throughout the week. As temperatures climbed, peak power prices in the West dropped between $6 and as much as $16.10 between Aug. 15 and Aug. 22.
Peak power prices across the West picked up between $4 and as much as $18.25 in trading this week, a portion of which can be attributed to greater California demand and extreme heat across the Southwest.
California natural gas prices are among the highest in the continental U.S. this summer, according to the U.S. Energy Information Administration.