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August 16, 2018
Load profiling, or distributing the variation in electrical demand/load over a specific time period, continues to play an important role in retail energy markets. For over a decade, utilities profiled metered monthly usage to bridge the gap between end user consumption and wholesale energy settlements. As...
August 14, 2018
Motivation
The California Independent System Operator (CAISO) market saw more hours with energy prices below $0 in 2017 than any year since 2012, continuing a trend seen in recent years. The ongoing influx of solar generation in the region is the main catalyst for more frequent negative pricing during...
August 09, 2018
Diesel demand in the U.S. Gulf Coast (PADD 3) has shown remarkable year-on-year growth in 2017 and 2018, according to Genscape Supply Side data, linked to the resurgence in Permian Basin crude oil production. However, this year-on-year diesel demand growth slowed in May and June as rig counts flattened. For...
August 07, 2018
In 2018, the Electric Reliability Council of Texas (ERCOT) experienced a significant increase in congestion and energy prices. Compared to the previous seven years of Nodal implementation, there is at least two times the amount of total hourly averaged Real-Time (RT) shadow prices year-to-date. The market is...
August 07, 2018
Europe is set to experience one of its warmest seasons on record with temperatures reaching to highs of 40°C, 5-9°C above normal according to the Swedish Meteorological and Hydrological Institute. As a result, utilities are facing power generation challenges and the output of several conventional...
August 03, 2018
The GP Energy Management Team recently examined the energy procurement strategy of a large industrial company based in New York State. Our findings highlight exactly why these types of energy users need to consider new, more creative procurement strategies.
Across a series of manufacturing facilities in...
July 24, 2018
SoCal Citygate prices blasted to new record highs as another unique confluence of cross-commodity events hits the market.
Natural Gas Intelligence (NGI) price data shows Monday's, July 23, 2018, SoCal Citygate cash picked up more than $25 from Friday, July 20, to reach $39.31, putting basis...
July 13, 2018
Genscape Vesseltracker recently brought online 19 AIS antennas across the globe, including key port locations in the Middle East and Africa. The expanded network covers cities such as Djibouti, Istanbul, and Al Ahmadi. The AIS antenna data provides near-real time visibility into vessel movements, allowing...
July 10, 2018
Following Ibrahim Jadran’s (former Central Region Commander of the Petroleum Facilities Guard) June 14, 2018 attack on the Ras Lanuf (damaged) and Es Sider terminals in Libya’s Oil Crescent, several outlets released reports on the amount of oil production forced offline. Some estimates reached...
July 02, 2018
On June 20, the 350 Mb/d Syncrude Upgrader experienced a power trip on a transformer forcing the production facility to shut, according to a company spokesman statement. A Suncor company spokesman said the project will be shut through July at least and they are performing a comprehensive assessment of when...