Energy Update

(Fri, 28 Feb 2020) EIA presents a series of alternative cases to the <em>International Energy Outlook 2019</em> (IEO2019) that vary renewable technology capital costs to see the resulting effects on projected electricity capacity and generation in high and low demand growth regions. An analysis of the results is presented in an <em>Issue in Focus</em> article.

(Fri, 21 Feb 2020) On February 5, 2020, the Independent System Operator for New England (ISO-NE) announced the results of its 14th annual Forward Capacity Market (FCM) auction. ISO-NE holds the auctions to ensure that the New England power system will have sufficient electricity supply resources to meet the future demand for electricity. In this most recent auction, ISO-NE secured electric generating capacity covering June 1, 2023, through May 31, 2024.

(Thu, 30 Jan 2020) The U.S. Energy Information Administration (EIA) reported Lower 48 states’ net withdrawals from storage of 201 billion cubic feet (Bcf) for the week ending January 24, 2020. This week’s estimate is the largest net withdrawal from stocks thus far in the 2019–20 heating season (October 31–March 1) and the largest total net withdrawal from working gas since EIA’s February 1, 2019 report last winter.

(Wed, 29 Jan 2020) On Monday, February 3, 2020, the Independent System Operator for New England (ISO-NE) will open its annual Forward Capacity Market (FCM) auction. ISO-NE uses the FCM auctions to ensure that the New England power system will have sufficient resources to meet future demand for electricity. Owners of various resources compete in the annual auctions to obtain a Capacity Supply Obligation (CSO) in exchange for receiving a market-priced capacity payment.