Volume 15, Issue 66 May 29, 2018
In this Issue
Bowie State University Celebrates Launch of 1.6 MW Solar Project
Editor's Note
PJM Auction Results
Energy Efficiency
President Issues Executive Order on Efficient Federal Operations
Local Heating Degree Days*
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Editor's Note
PJM Auction Results
Weekly review for May 20, 2018 - May 26, 2018
On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, May 18, 2018 was 1,629 BCF. This is an increase of 91 BCF from the previous week. Inventories are currently 804 BCF lower than last year during this same period and 499 BCF below the 5-year average of 2,128 BCF.  
Forward markets increased this week as the PJM West Hub 12 Month curve added 1.6% and the NYMEX natural gas 12-month curve gained 2.9%.
On May 23, 2018, PJM released the results of the Capacity Base Residual Auction (BRA) for the June 2021-May 2022 period. The auction cleared 163,627 MW of unforced capacity at an overall reserve margin of 21.5%. Approximately 1,401 MW of new generation, predominately natural gas combined cycle/combustion turbines and solar, cleared the auction.
Clearing prices for this BRA were significantly higher than the cleared prices from the June 2020-May 2021 BRA for most zones, with the exception of the New Jersey, Delaware and Eastern Pennsylvania region, which cleared moderately lower. Between now and June 2021, three Incremental Auctions for the 2021-2022 period will be held that may result in slight revisions to the BRA pricing. The 2021-2022 BRA results for a portion of the PJM region are shown below, along with the clearing prices from the 2020-2021 BRA. 


This past week's market information is provided as a courtesy to our customers and is not indicative of, nor should be relied upon, as representative of future transactions.
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