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Focus sPower and MCE complete largest operational CCA solar project in California ■PV-Tech – April 29 sPower and MCE have commenced commercial operations at the 130-megawatt Antelope Expansion 2 PV project in Lancaster. The installation, which was completed in December 2018, will sell output to MCE under a long-term power purchase agreement. This stands as the largest PV project completed in California with a community choice aggregator (CCA). Antelope Expansion…

Despite heating and cooling demand both maintaining a presence across the Lower 48 during the most recent reporting period, the current background state remains mostly bearish to slightly neutral in regards to the June NYMEX contract. This week’s injection of 123 Bcf is projected to be the first of a few triple-digit builds that could continue through the remainder of the shoulder season. Against last year’s build of 50 Bcf…

The New Jersey Board of Public Utilities (BPU) approved applications submitted by PSEG Nuclear LLC seeking subsidies of up to $300 million annually, in the form of zero emission credits (ZECs), for PSEG’s Hope Creek and Salem 1 and 2 nuclear generating stations on April 18. The PSEG applications were filed on December 19, 2018, after New Jersey enacted legislation on May 23, 2018, establishing a ZEC program for the state (the…

Bearish sentiments are out in full force as this week’s build of 92 Bcf not only trounced last year’s withdrawal of 34 Bcf and the five-year average injection of 21 Bcf, but also is running in tandem with decreases in LNG exports, pipeline exports to Mexico, and unremarkable weather patterns that aren’t leaning toward either heating or cooling degree days. After breaking a major support level of $2.522/MMBtu, NMEX prompt…

Focus Google, GM, and other corporate giants form renewable energy alliance ■CNBC – March 28 Some of the nation’s largest tech firms, manufacturers, and consumer companies last Thursday launched the Renewable Energy Buyers Alliance (REBA), a trade organization that will support construction of new green power projects by striking renewable energy deals pioneered by companies such as Google parent Alphabet, General Motors, and Walmart in recent years. Through last year,…

Despite being on the slightly bullish side with a 4 Bcf reclassification, the first build of injection season reported a net change of 25 Bcf that isn’t expected to shake anything up as we soldier on into the shoulder months. Rangebound trading has continued for the past few weeks and could even trend downward into summer as, according to EIA, “Continuing domestic natural gas production growth will exert downward pressure…

You can’t live without a refrigerator, and you can’t turn it off. On top of that, the refrigeratoris one of the biggest energy consumers in the typical home. That’s why it’s important to know when to replace your refrigerator and how to shop for a model that will cost you less in the long run. Let our energy-efficient refrigerator buying guide walk you through the most important steps. Refrigerator Energy Efficiency Generally speaking,…

Withdrawal season is over as of today, and after a long and volatile winter that saw NYMEX futures nearly hit $5/MMBtu in November of 2018, storage inventories reported an injection of 23 Bcf that reflects a bearish background state in the market, especially when compared to last year’s value and the five-year average for the same time period, which were reported as withdrawals of 34 Bcf and 23 Bcf respectively.…

Heating Oil Prompt-month heating oil futures increased 0.23% for the week ending Friday, 3/29, as prices rose $0.0046 per gallon. On the New York Mercantile Exchange, crude futures for delivery in April closed at $60.14 per barrel on Friday, 3/29, up 1.02% for the day, and up 1.86% for the week. Crude oil prices rose steadily last week and continued to increase on Monday, trading above $61 a barrel. Manufacturing…

With withdrawal season officially coming to a close after next week’s report, the current and slightly bullish pull of 36 Bcf is certainly embracing the recent influx of milder weather during the shoulder season so far. Falling short of both last year’s 66 Bcf draw and the five-year average of 41 Bcf, this light withdrawal is indicative of dry gas production continuing to be robust as usual while fundamental factors…