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Prices at PJM Interconnection’s 2025/2026 base residual auction (BRA) spiked to $ 269.92/MW-day for most resources in the wholesale power market, pointing to a tightening supply-demand balance that could have significant […]
The post PJM Capacity Auction Prices Surge Over Nine-Fold, Signal Urgent Need for New Power Generation appeared first on POWER Magazine.
Drought and electricity prices (Brazil) This is a recurring theme in my posts, as the chances of a drought occurring are increasing according to assessments by the main climate analysts in Brazil. Faced with this increasingly strong possibility, I launch a challenge for corporate and institutional energy consumers: what actions are being taken to mitigate this risk? Those who approach..
Energy Central…
The post IHS: Natural Gas Prices Will Fall Below $ 2/MMBtu in 2020 appeared first on POWER Magazine.
Average natural gas prices at Henry Hub in 2020 could fall to below $ 2/MMBtu —a level “not seen in decades”—owing to a persistent oversupply, a new report from information and analytics firm IHS Markit suggests.
Prices could fall despite strong demand for natural gas, both domestically, including for power generation, as well as for exports. Demand for gas has increased 14 billion cubic feet per day (Bcf/d) annually on average over the past two years, and the U.S. is expected to export an additional 3 Bcf/d of liquified natural gas (LNG) in 2020. IHS forecasts that nearly all growth in U.S. natural gas demand over the next few years will come from LNG exports to other countries.
Production, however, has grown by more than 14 Bcf/d since January 2018, and IHS Markit expects production will average more than 90 Bcf/d in 2019 and 2020.…
Marking a significant milestone, power generation from the combined utility-scale and small-scale wind and solar installations in the U.S. surpassed 10% of the nation’s total power generation in March, according to the Energy Information Administration (EIA).
The news comes on the heels of an announcement last week by the Solar Energy Industries Association (SEIA) that installed system prices for solar systems have fallen across all market segments. Also for the first time, fixed-tilt utility-scale systems dipped under the $ 1/W barrier, SEIA said.
Breaking the Barrier—on a Gigawatt-Watt Level
The EIA said on June 14 that generation from wind and solar has grown steadily since 2007. On an annual basis, wind and solar generation made up 7% of total U.S. power generation in 2016.
The EIA noted that wind and solar follow seasonal patterns. Wind patterns vary based on geography. Wind generators in Texas and Oklahoma, for example, have their highest output in spring, while California generators see a boost in output in the summer.…