Volume 16, Issue 24 July 29, 2019
In this Issue
Clean Energy Degree Programs Expanding at Universities in Ohio
Editor's Note
PJM Peak Demand
Special Offers
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Editor's Note
PJM Peak Demand
Weekly review for July 21 - July 27, 2019

 

On Friday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, July 19, 2019 was 2,569 Bcf.  This is an increase of 36 Bcf from the previous week. Inventories are currently 300 Bcf higher than last year during this same period and 151 Bcf below the 5-year average of 2,720 Bcf.

After experiencing some of the highest temps of the year in recent weeks, the forecast for the next several weeks will fall into a more normal pattern across the PJM region.  As a result of low gas prices and relatively few outages during the recent heatwave, prices may continue to soften as we move through the core summer period.

Both power and gas have decreased this week.  The PJM Western Hub 12 Month curve fell 2.5% and the NYMEX natural gas 12-month curve lost 1.4%.

PJM Peak Demand – Summer 2019 (through 7/19)

Summer 2019 PJM Peak loads through July 19th are posted below for reference.  The highest single hour from July 19th exceeds the highest 2018 peak hour (152,315 Mw vs. 150,454 MW).

 

 

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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