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ISO-New England secures supply in 15th Forward Capacity Market auction

(Thu, 11 Mar 2021) In February 2021, the Independent System Operator for New England (ISO-NE) conducted its 15th annual Forward Capacity Market (FCM 15) auction. ISO-NE holds these annual auctions to ensure that the New England power system will have sufficient electricity resources to meet future electricity demand. In this auction, ISO-NE secured electric capacity to cover the period of June 1, 2024, through May 31, 2025.

South Central region follows record net withdrawals with unchanged inventory levels

(Fri, 05 Mar 2021) Working natural gas stocks in EIA’s South Central storage region reported no net change for the week ending February 26, following a record pull for the previous week, according to EIA’s Weekly Natural Gas Storage Report. Much lower regional temperatures contributed to reduced natural gas demand while recovering natural gas production reversed storage balances that had dipped below the five-year minimum in the South Central Salt region for the first time since December 2018.

Sustained cold temperatures drive the second largest net withdrawal from working gas stocks in the Lower 48 states

(Tue, 02 Mar 2021) Working gas operators reported the second-largest weekly net withdrawals for the Lower 48 states following a week characterized by widespread extreme cold throughout most of the country, which increased heating demand for natural gas. Net withdrawals from underground natural gas storage facilities totaled 338 billion cubic feet (Bcf) for the week ending February 19, which was 218 Bcf more than the five-year average net withdrawals for the week and only 21 Bcf less than the all-time weekly record withdrawal (359 Bcf reported for the week ending January 5, 2018).

Working natural gas storage stocks for the Lower 48 states show largest weekly net decline in two years

(Mon, 22 Feb 2021) This week's net withdrawals from underground natural gas storage facilities were the largest net withdrawals reported in two years, exceeding the five-year average net withdrawals for the week by 95 billion cubic feet (Bcf). Net natural gas withdrawals from storage facilities totaled 237 Bcf for the week ending February 12, 2021. This week’s storage activity matched the 12th-highest value on record since 2010.

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