The Emergence Of Creative Financial Tools For Renewable Energy And Energy Efficiency Projects

The ingenuity of the renewable energy industry and the energy-oriented financial players is never to be doubted. Within the past few years, several creative financial tools have emerged to support the development of new wind and solar projects as well as further advances in large-building energy efficiency. The traditional regulatory and financial incentives for renewable energy and energy efficiency projects—investment tax credits, production tax credits, mandated renewable portfolio standards, mandated…

Natural Gas Storage Report Withdrawal Season Week 5 (Week Ending November 30, 2018)

The market consensus for this week’s storage report hit the nail on the head with a 63 Bcf withdrawal that outpaced last year’s 3 Bcf pull and the five-year average draw of 58 Bcf. Easing of colder weather patterns gave the recently bullish market a much need break, and the past two weeks have seen mostly sideways trading, albeit with a wider-than-usual amplitude of 10 cent swings most days. Key…

Natural Gas Storage Report Withdrawal Season Week 4 (Week Ending November 23, 2018)

After last week’s triple digit withdrawal, the market saw a bit of relief on the current report with a bearish 59 Bcf draw. Market expectations ranged from 67-77 Bcf, and this week’s pull surpassed last year’s 33 Bcf withdrawal while falling exactly in line with the five-year average at 59 Bcf. The Thanksgiving holiday made for a challenging storage picture, but many of the gains seen over the past several…

Renewable Energy Update: November 2018 #3

Focus California utilities topping renewable targets and driving down contract prices, according to CPUC NORTH AMERICAN WINDPOWER – Nov 13 A new California Public Utilities Commission (CPUC) report says the state’s renewable portfolio standard (RPS) program – one of the most ambitious in the country – not only remains ahead of target, but it is helping to drive down renewable contract prices. The state’s RPS requires investor-owned utilities, electric service providers, and…

Natural Gas Storage Report Withdrawal Season Week 3 (Week Ending November 16, 2018)

Last week’s cold weather across the majority of the Lower 48 ended up yielding a bullish -134 Bcf withdrawal, which exceeded the market expectation of 109 Bcf, last year’s draw of -46 Bcf, and the five-average of -49 Bcf for around the same time period. Large swings in the front month NYMEX contract may have initially been viewed as weather-driven and fundamentally influenced, but a closer look at these large…

America Votes On Environment And Energy Ballot Initiatives

The 2018 midterm elections also provided voters in several states the opportunity to craft environmental and energy policy directly through ballot initiatives While control of Congress and the gubernatorial races garnered the most attention, the 2018 midterm elections also provided voters in several states the opportunity to craft environmental and energy policy directly through ballot initiatives. Carbon taxes, offshore drilling restrictions, renewable energy, and fracking limits were among the issues…

Natural Gas Storage Report Withdrawal Season Week 2 (Week Ending November 9, 2018)

Despite the November-March NYMEX natural gas futures reaching levels not seen since February of 2014, the market managed to provide a neutral to slightly bearish injection of 39 Bcf, which surpassed the current expectation of 33 Bcf, last year’s withdrawal of 13 Bcf, and the five-year average injection of 19 Bcf for around the same time period. No real surprises were expected for this week’s report as notable weather patterns,…

Energy 2019: USA

Over view of the current energy mix, and the place in the market of different energy sources – Oil and gas – The U.S. mainly relies on petroleum and natural gas fossil fuels for two-thirds of its primary energy needs. The transportation sector accounts for the majority of liquid petroleum consumption, and the electricity, residential and industrial sectors are the major consumers of natural gas… Originally published by Global Legal…

Natural Gas Storage Report Withdrawal Season Week 1 (Week Ending November 2, 2018)

With what will more than likely be the final build before the withdrawal season, the EIA report provided a slightly bearish storage injection of 65 Bcf that exceeded all market expectations ranging from 56 Bcf to 59 Bcf, along with the historical values of 22 Bcf from last year and the five-year average of 48 Bcf. The NYMEX December contract kicked off the week with a nearly $0.25/MMBtu hike to…