Electricity

ERCOT report empowers fans of Texas’ current electricity market

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Nicholas Sakelaris    Staff Writer- Dallas Business Journal

Summer electricity demand could increase by more than 8,400 megawatts for the majority of Texas by 2021, according a report released by Electric Reliability Council of Texas Friday.
That’s not nearly as bad as older forecast models showed, which means the momentum to shift Texas’ electric market away from its  current energy-only structure will continue to lose steam.
Peak demand is measured on the hottest summer day with all…

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Carnage on the Natural Gas Market

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By Matthew Philips        www.businessweek.com

The natural gas market just convulsed. After years of flat, relatively low prices ranging between $2 and $4 per million British thermal units, the past two weeks have been the most volatile period ever. Yes, ever. On Feb. 10, natural gas was about $4.50 per million BTUs. Ten days later the price was up 30 percent, to more than than $6. Today it’s back down to $4.50.
There was a similar move back in the winter of 2003, but that played out over two months. “This has happened over two weeks,” says Teri Viswanath, a…