Choice Energy Services firmly believes in Harry Truman’s quote “Not all readers are leaders, but all leaders are readers.” Choice’s energy analysts are always staying on top of the market by reading the latest industry news articles. If Choice finds an interesting one, it makes sure to post here to share with its clients.
Why U.S. Electricity Sales Surged In 2018
Sales of electricity in the U.S. have barely increased despite nine straight years of economic growth. It almost looks as if the conservation ethos for American consumers has finally taken hold. That restraint also applies to large commercial and industrial customers as well. And foreign consumers seemed even less interested in plugging in. A discouraging […]
How Chinese Tariffs Will Hurt U.S. LNG
“It’s not a big deal,” Tellurian founder Charif Souki recently told CNBC’s Jim Cramer when asked about the danger of China slapping 25-percent tariffs on U.S. LNG. “If they impose tariffs on American gas, all that means is we’ll receive different gas,” Souki added. This may be good for Tellurian, but here’s a question: how is this […]
Are High Oil Prices Starting To Hurt Wind Power?
The U.S. uses very little oil to generate electricity, but our energy sectors are inextricably connected, so changes in one often affects others. For example, we are starting to see the rumblings of how the price of oil might affect wind indirectly through natural gas prices. Last Thursday, the Public Utility Commission of Texas (PUCT) dealt […]
Pruitt departure could boost Trump deregulatory agenda at EPA
Pruitt’s departure will likely mean a less scandal-prone EPA that could be more effective at carrying out Trump’s deregulatory agenda, former agency officials and energy lawyers said. “I don’t think we’ll see any big shifts in policy,” said Jeffrey Holmstead, who served as an assistant administrator for EPA’s Air and Radiation Office under George W. […]
Is the Bright Future of U.S. Natural Gas Under Threat?
This week’s World Gas Conference in Washington hosted a bunch of upbeat natural gas executives and analysts that expect an exceptionally bright future for the bridge fuel of the future, as natural gas is commonly called these days. With forecasts that U.S. production of natural gas could grow by 60 percent over the next 20 […]
Solar Has Overtaken Gas and Wind as Biggest Source of New U.S. Power
Despite tariffs that President Trump imposed on imported panels, the U.S. installed more solar energy than any other source of electricity in the first quarter. Developers installed 2.5 gigawatts of solar in the first quarter, up 13 percent from a year earlier, according to a report Tuesday from the Solar Energy Industries Association and GTM […]
Trump Prepares Lifeline for Money-Losing Coal Power Plants
Trump administration officials are making plans to order grid operators to buy electricity from struggling coal and nuclear plants in an effort to extend their life, a move that could represent an unprecedented intervention into U.S. energy markets. The Energy Department would exercise emergency authority under a pair of federal laws to direct the operators […]
The Gas Market Is in Serious But Stable Condition
The natural gas market is in a coma. I don’t mean gas prices are low, per se; a market can be in the pits but still jump around like a frog in a sock from day to day. Rather, gas prices appear utterly unresponsive even to defibrillator-like stimuli.
2021/2022 RPM Base Residual Auction Results
The 2021/2022 Reliability Pricing Model (RPM) Base Residual Auction (BRA) cleared 163,627.3 MW of unforced capacity in the RTO representing a 22.0% reserve margin. Accounting for load and resource commitments under the Fixed Resource Requirement (FRR), the reserve margin for the entire RTO for the 2021/2022 Delivery Year as procured in the BRA is 21.5%, or 5.7% […]
Texas Heat Could Increase Natural Gas Prices This Summer
Once again, it’s supposed to be a scorching hot summer in Texas, with record breaking electricity demand. And why not? Texas has 29 million people, regularly sees temperatures rise into the 90s and 100s on sweltering summer days, and is easily our largest power consumer, using 50% more electricity than California. Nearly 100% of homes in Texas use air […]