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Despite essentially flat growth in demand, the electricity generating capacity in PJM has grown by more than 15,000 MWs from 2009 to 2017. Almost all of this additional capacity has been in the form o... READ MORE >

It is hard to believe that natural gas traders and analysts remain bearish given current prices. But the amount of gas being produced is outpacing demand and continues to place downward pressure on pr... READ MORE >

This past August, electricity prices in Texas hit historic highs over several days. Prices rose from the typical range of $20 to $30 per MWh to $9,000 per MWh during the second week of that month. Fig... READ MORE >

Natural Gas basis prices for the winter of 2019/2020 have decreased by 28% since the middle of October. Figure 1 shows how the basis price for this winter started to rally in August, reaching its peak... READ MORE >

Anyone from New York knows that New York is really made up of two states: upstate and downstate. Some will even put a finer point on this and claim that New York City is distinct from downstate and th... READ MORE >

New York City’s Climate Mobilization Act, especially Local Law 97, sparked the creation of generic carbon calculators for buildings to assess occupancy class and emission limits. Although intended to ... READ MORE >

In commodity markets, a bear market cannot stay bearish forever. Typically, a commodity market does not stay in backwardation (where prices get cheaper into the future) for long. The forward electrici... READ MORE >

Over the last few years, natural gas has become the fuel on the margin, meaning that the price of natural gas becomes the driver for wholesale electricity prices. Supplies of natural gas and the deliv... READ MORE >

This week, a major milestone was reached in the natural gas market. For the first time in two years, the amount of natural gas in storage has exceeded the 5-year average. In Figure 1, the 5-year range... READ MORE >