Austin, TX (June 11, 2019) – Drillinginfo, the leading energy SaaS and data analytics company, has released Gas Power Burn, an update on fuels used to power America’s domestic electric market. This is an interim report covering the dynamics of the natural gas power demand market in the U.S. “While no one can predict the future – or the weather – our modeling is projecting a glimpse of how renewables will affect power burn in the U.S.,” said Rob McBride, Senior Director of Market Intelligence at Drillinginfo. “From forecasting out a year in advance, to next-day load forecasts, we’re finding utility operators, power marketers, and other power buyers are tapping machine learning technology to obtain accurate, actionable information. When it comes to load forecasting, accuracy matters,” said McBride. The report draws from historical data related to time of year, weather, and traditional power use. For example, during the summer months, natural gas demand from the electric power sector makes up a larger share of total domestic gas demand compared to winter. Last summer, power burn represented 49 percent of the total gas demand consumed in the U.S. While winter heating demand from the residential and commercial sectors is very price… continue reading
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Source: CTRM Center