In 2018 ISO New England announced plans for two new ancillary charges, Mystic Cost of Service & ISO-NE Winter Reliability.
As March comes to a close, we’re looking forward to spring in the Northeast and the beginning of what we call a “shoulder season” in the Energy Industry. This occurs when temperatures reach a comfortable area of 40-70 degrees Fahrenheit. These temperatures provide most facilities a great opportunity to cut electric and natural gas costs
As we head into the last weekend of February, New England is shaking off Winter Storm Olive which brought snow, rain, and strong winds to the region. Overall, February’s mild temperatures in the Northeast and Midwest has kept natural gas storage withdrawals to a minimum. Yesterday saw a 71 Bcf withdrawal according to the U.S.
Last week, we saw the price of Natural Gas fall to an 18 month low as mild weather in the Midwest and Northeast gave way to lower heating demand and an 11 bcf storage injection. This mild weather pattern is not expected to last much longer as winter is preparing a comeback. NOAA’s long
December’s temperature outlook has shifted into a much “warmer than normal” trend for the East Coast and Midwest. Weather has been a considerable influence in the market of late and day to day forecasts have a significant role in market volatility. For more insight on the electric and natural gas markets, feel free to send