Forecasting this Summer’s Gas and Power Supply and Demand

The first official day of summer is Friday, June 21. That means packing up your winter clothes unless you live in Northern California where May’s record-setting snowfall will keep ski resorts open into August! As the snowpacks melt (or don’t), the weather warms, and El Niño lingers for a second year in a row, Drillinginfo’s expert analysts have begun developing their hydro, wind, and natural gas production and demand forecasts.   Rob Allerman, Senior Director of Power Analytics and Rob McBride, Senior Director of Market Intelligence, recently co-hosted a webinar to deliver Drillinginfo’s predictions for the West Coast Hydro outlook, how the long-term load and wind forecast can help provide deeper insights to traders and analysts, and explore the U.S. natural gas balance.   The replay of the webinar – “Summer 2019 Gas and Power Fundamentals” – is available here. Let’s take a look at some highlights. Hydro Generation Rob Allerman began with his hydro-generation forecast for the Columbia Basin, which is expected to be below average due primarily to the fact that the remaining snowpack is far below average for this time of year. Most of the snow melted early, particularly in the northern basins, and that will have… continue reading

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Source: CTRM Center

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