Power

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EVA and NGSA Release Winter Natural Gas Outlook

EVA worked closely with staff at Natural Gas Supply Association to produce a Winter Natural Gas Outlook for 2019-2020. Top line findings from the NGSA’s Winter Natural Gas Outlook include: U.S. natural gas supply and demand for 2019-2020 winter are both forecasted to experience substantial growth winter-over-winter. Total gas production is expected to grow 3.8 […]

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Gas and Coal Price Sensitivity Outlook: ERCOT Spotlight

National Summary: Gas burn in February actualizing at a record 27.35 BCFD, nearly 0.6 BCFD higher than in January and 2.4 BCFD higher YoY. Coal burn was relatively flat YoY for February, while hydro generation declined by 13.5% from last year. Exhibit seven demonstrates that gas burn is expected to remain around 27 BCFD through […]

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Forbes ranks EVA Among Top Energy Consulting firms in 2019

In its annual ranking of management consulting companies, Forbes ranked EVA as one of the leading firms in the Energy and Environment category. The rankings are based on surveys of more than 7,500 partner or executive level consultants and more than 1,000 senior executives who have worked with firms in the consulting industry. EVA is honored […]

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ERCOT Price Reforms to Curtail Retirements and Incentivize Distributed Generation Investment

Executive Summary In an effort to increase resilience ahead of summer 2019 the Texas Public Utility Commission has approved reforms that will increase prices during high-demand periods in the Electric Reliability Council of Texas (ERCOT) region. The reforms are expected to incentivize generators to defer retirement, while also sending price signals to customers to curtail […]

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2018 Coal Burn at 644 Million Tons, Gas Burn at ~29 BCFD

EVA’s Monthly Gas & Coal Price Sensitivity Outlook forecasts that 2018 will end with Lower-48 coal burn at 644 million tons. 2017 annual power-sector coal burn was 666 million tons– 22 million tons more than in 2018. Going into September, coal burn was expected to fall by 25 million tons YoY. However, higher cash and […]

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Gas Week 47 Record-Withdrawal Adds to Uncertainty in Natural Gas Market Heading into Winter Season

On November 21, EIA announced the first withdrawal for this winter season, a massive -134 BCF net withdrawal for gas week ending 11/15. This brought a massive drop in gas inventories, pushing gas stocks down to 3,113 BCF, 710 BCF lower than the 5-year average. This withdrawal was also much higher than market expectations, which […]

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Different Shades of Cold: The 2018 Arctic Outbreak vs. the 2014 Polar Vortex

Following a mild start to this winter, cold weather finally arrived in late-December, with a record-breaking freeze sweeping down from Canada and spreading across nearly the entire U.S. east of the Rockies. The blast of cold has had an immediate impact on the market, causing production freeze-offs, surging heating demand and spiking gas and power […]

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SoCal Gas & Power Prices Rising Sharply Heading into December

December gas prices for SoCal Citygate increased dramatically over the last six weeks. On Monday, the December contract settled at $6.21/MMBTU, its highest settle in four years and more than $2/MMBTU higher than its average through 2017. The prospect of higher gas prices has also pushed SP-15 December power prices to record highs. As noted […]

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