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California Heat Drives Big Gains for Natural Gas Forward Prices; Exports Fueling Upside Risk for Futures


California Heat Drives Big Gains for Natural Gas Forward Prices; Exports Fueling Upside Risk for Futures
Though widespread summer heat keeps getting kicked down the road, natural gas forward prices strengthened for the trading period ending May 12 as export demand led markets higher.
June forwards rose an average 4.0 cents, with similar gains seen through next winter (November 2021-March 2022), according to
Larger increases were seen in the West, where early season heat combined with projections for an even hotter summer and below-average hydro output to fuel double-digit gains at the front of the curve.
In Southern California, SoCal Citygate June forward prices jumped 11.0 cents from May 6-12 to reach $4.574/MMBtu, ....

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Cal-ISO warns summer supply shortage risks remain in extreme heat conditions - Top Chemical News from ChemNet.


Cal-ISO warns summer supply shortage risks remain in extreme heat conditions
http://www.chemnet.com   May 13,2021 S&P Global
  The California Independent System Operator warned May 12 that its power grid is still susceptible to stress during extreme heatwaves, but summer supply conditions are expected to be better than to a year ago when rotating outages were needed to prevent a grid collapse.
  Improvements are mostly driven by new capacity added since summer 2020, while forecasted load remains nearly unchanged under normal conditions, according to Cal-ISO s 2021 Summer Loads and Resources Assessment. However, back-to-back low hydro years and increased extreme weather possibilities mean the ISO could still face challenges in meeting summer load. Such scenarios that affect a substantial portion of the Western Interconnection and cause simultaneously high loads across the West would reduce the availability of imports into the ISO balancing authority area, a ....

United States , Shasta Dam , Elliot Mainzer , River Forecast Center , Bonneville Power Administration , California Nevada River Forecast Center , Chemical News , California Independent System Operator , Western Interconnection , Pacific Northwest , Dalles Dam , Northwest River Forecast Center , Bonneville Power , ஒன்றுபட்டது மாநிலங்களில் , சாஸ்தா அணை , நதி முன்னறிவிப்பு மையம் , கலிஃபோர்னியா நெவாடா நதி முன்னறிவிப்பு மையம் , இரசாயன செய்தி , கலிஃபோர்னியா சுயாதீனமான அமைப்பு ஆபரேட்டர் , பெஸிஃபிக் வடமேற்கு , டலஸ் அணை , வடமேற்கு நதி முன்னறிவிப்பு மையம் , பொன்னேவில்லே பவர் ,

The Dalles Dam drops to season low as Mid-C forwards continue to reach record highs


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Power forwards in the Pacific Northwest are reaching record highs on concerns of above-normal summer temperatures and a weak hydropower outlook.
We ve had a declining water supply forecast throughout the spring season, David Bogema, US Army Corps of Engineers hydraulic engineer, said May 12 during the Columbia River Basin Water Management Technical Management Team meeting.
The Dalles water supply forecast for the April-September forecast period started the year strong at 96% Jan. 1. That eased to 94% by Feb. 1, and despite a slight rebound to 96% March 1, the forecast slipped to 92% April 1 and then sank to 86% by May 1, according to Northwest River Forecast Center data. ....

David Bogema , River Forecast Center , Us Army Corps Of Engineers , Us National Weather Service , Bonneville Power Administration , Dalles Dam , Pacific Northwest , Northwest River Forecast Center , நதி முன்னறிவிப்பு மையம் , எங்களுக்கு இராணுவம் கார்ப்ஸ் ஆஃப் பொறியாளர்கள் , எங்களுக்கு தேசிய வானிலை சேவை , டலஸ் அணை , பெஸிஃபிக் வடமேற்கு , வடமேற்கு நதி முன்னறிவிப்பு மையம் ,