Onterra Energy https://staging.corkbranding.com Onterra Energy Advisors | Brokers & Advisors Tue, 21 Jun 2022 18:23:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.4 https://staging.corkbranding.com/wp-content/uploads/2022/08/cropped-cropped-logo-sticky-75x75.png Onterra Energy https://staging.corkbranding.com 32 32 North American Natural Gas markets drop after Freeport LNG plant closure announcement following fire https://staging.corkbranding.com/north-american-natural-gas-markets-drop-after-freeport-lng-plant-closure-announcement-following-fire/ https://staging.corkbranding.com/north-american-natural-gas-markets-drop-after-freeport-lng-plant-closure-announcement-following-fire/#respond Tue, 21 Jun 2022 18:23:55 +0000 https://onterraenergy.com/?p=839 The extended shutdown of a key US natural gas export complex will strain European efforts to amass emergency stockpiles before the Northern Hemisphere winter arrives.

Freeport LNG’s surprise announcement that its Texas liquefied gas facility will be closed four times longer than previously thought rocked domestic and overseas energy markets Tuesday. Almost 4 million tons of gas — equivalent to more than one-third of the UK’s annual LNG imports — will be offline if Freeport’s outage lasts a full three months, according to Bloomberg Intelligence.

https://www.bloomberg.com/news/articles/2022-06-14/global-gas-woes-worsen-on-extended-outage-at-fire-damaged-plant

As a result the NYMEX dropped due to expected surplus gas in the shorter term and this is also impacting electricity prices in some markets:

A projected hotter than normal ‘top 10’ Summer could mean that storage will still remain low as it’s well below the 5 year average so buying opportunities may only exist for a shorter period of time.

More on the story in the NYT:

The temporary closing, by reducing how much gas can be exported, will add natural gas supplies in the United States, bringing some relief to residential electricity customers as well as to refineries and other industrial plants that use gas for power and as a vital raw material. Gas that otherwise would have been exported will go into storage for use next winter since households in the United States will use less natural gas for heating during the summer months.

“It’s significant for both the U.S. market and the global market,” said Lindsay Schneider, a natural gas expert at RBN Energy, a Houston consultancy. “It could mean lower prices here as more gas is available to refill storage inventories, and for global markets it means a loss of supply and potentially stronger prices in Europe and in Asia.”

European countries are expanding their gas import facilities and pipelines, and they are lobbying Qatar, Australia and other exporters to hurry up and ship more gas. But Europe is in competition with Asian countries that look to gas to replace coal, a major pollutant of city air around China and India.

While international markets are tight, the Freeport accident and decline in prices could bolster critics who say gas exports are raising domestic prices, which could go lower permanently if less were exported.

That the closing of one export terminal “is having such a significant impact to prices” should be “alarming to federal policymakers,” said Paul Cicio, president of the Industrial Energy Consumers of America, a lobbying group.

Oil and gas companies counter that there is plenty of gas in shale fields around Pennsylvania, Texas, New Mexico and Arkansas for export and domestic use if only regulators would approve the building of more pipelines.

While gasoline prices attract the most headlines, natural gas prices have surged over the last year and reached their highest level since 2008 last May, though they have eased in recent weeks.

The explosion at the Texas plant, on Quintana Island, did not cause any injuries. The fire ignited in some pipes between gas storage tanks and dock facilities used to transport the gas abroad. Experts say it appears that the explosion occurred because of a rupture of piping and the ignition of a gas vapor cloud.

Various state and federal agencies are investigating the explosion and fire, including the Pipeline and Hazardous Materials Safety Administration, better known by its acronym PHMSA. PHMSA has wide discretion in deciding whether a facility can come back on line, sometimes overriding an operator’s assessment.

Energy experts warned that problems at the Texas plant could take a long time to fix. A fire at the Kinder Morgan terminal in Georgia took part of its operations off line for about 18 months because of difficulties with finding parts.

The Freeport plant has had problems over the last year with delayed maintenance and intermittent outages that were thought to be connected with impurities in some of its gas supplies.

The United States has long exported gas to Canada and Mexico by pipeline, while liquefied natural gas exports have gradually grown over the last decade as domestic production has increased in shale fields around the country.

In recent years most of the liquefied gas exports have gone to Asia, but since the Russian invasion of Ukraine, there has been a shift in sales to Europe, which has relied on Russia for 40 percent of its gas supplies.

Four new American export terminals are under construction, while more than a dozen are waiting for the go-ahead from regulators and investors.

]]> https://staging.corkbranding.com/north-american-natural-gas-markets-drop-after-freeport-lng-plant-closure-announcement-following-fire/feed/ 0 Ontario energy grid emissions set to skyrocket 400% as Ford government cranks up the gas https://staging.corkbranding.com/ontario-energy-grid-emissions-set-to-skyrocket-400-as-ford-government-cranks-up-the-gas/ https://staging.corkbranding.com/ontario-energy-grid-emissions-set-to-skyrocket-400-as-ford-government-cranks-up-the-gas/#respond Tue, 10 May 2022 14:23:50 +0000 https://onterraenergy.com/?p=837 Ontario has some of the world’s cleanest electricity.

When the wind is blowing strong enough, the entire province can be powered without producing any carbon emissions — the product of an unprecedented push to end our dependence on coal.

But that’s about to change.

Over the next two decades, greenhouse gas (GHG) emissions from Ontario’s energy grid are set to skyrocket more than 400 per cent as the province cranks up the dial on its underused fleet of natural gas plants.

That rapid rise in emissions is revealed in the official forecast put out by the Independent Electricity System Operator (IESO), a crown corporation that manages Ontario’s energy grid.

Since all renewable energy projects were cancelled when Premier Doug Ford was elected, the province currently has no other way to compensate for the looming shutdown of a major nuclear reactor in Pickering, responsible for roughly 16 per cent of province-wide power. Only natural gas is available to meet rapidly growing demand for electricity, according to the IESO projections.

The projections show that the province’s natural gas plants — which only operate about 60 per cent of the time now — will run non-stop by 2033. The additional annual emissions this will produce over the next 20 years are equivalent to a large Alberta oilsands project.

https://www.thestar.com/business/2022/05/09/ontario-energy-grid-emissions-set-to-skyrocket-400-as-ford-government-forced-to-crank-up-the-gas.html

Nuclear power has been a key element to developing Ontario’s decarbonized energy system. It provides reliable round-the-clock power with zero emissions (if you don’t count the construction of the reactor or the transportation of fuel and waste). This nuclear “baseload” complements renewables like solar and wind, which are intermittent producers, only generating power when the sun is shining or the wind is blowing.

But Ontario’s three aging nuclear reactors are coming to the end of their service lives. Bruce and Darlington are in a decade-long process of refurbishment that should allow them to keep operating for another 40 years. Pickering, on the other hand, is slated to shut permanently in 2025.

“The province has ignored energy planning for the last four years because there was no need. We had an energy surplus,” said Gord Miller, Ontario’s former environment commissioner — an independent watchdog position eliminated by the Ford government. “But now we’re in an energy squeeze. When Pickering turns off, we have no plans … and the default option is to up the gas.”

]]> https://staging.corkbranding.com/ontario-energy-grid-emissions-set-to-skyrocket-400-as-ford-government-cranks-up-the-gas/feed/ 0 NYT Get Ready for Another Energy Price Spike: High Electric Bills https://staging.corkbranding.com/nyt-get-ready-for-another-energy-price-spike-high-electric-bills/ https://staging.corkbranding.com/nyt-get-ready-for-another-energy-price-spike-high-electric-bills/#respond Tue, 10 May 2022 14:12:18 +0000 https://onterraenergy.com/?p=835 Rates have jumped because of a surge in natural gas prices and could keep rising rapidly for years as utilities invest in electric grids.

“The immediate reason for the jump in electric rates is that the war in Ukraine has driven up the already high cost of natural gas, which is burned to produce about 40 percent of America’s electricity. And supply chain chaos has made routine grid maintenance and upgrades more expensive.”

“Natural gas prices have surged in recent months as U.S. producers have sent more fuel to Europe, which wants to use less Russian gas. Utilities in a few places, like Hawaii and Puerto Rico, rely on some power plants fueled by oil, which has also become much more expensive. The price of coal, which accounts for roughly 20 percent of U.S. electricity, has gone up, too.”

Demand for electricity is also rising because of climate change. The National Weather Service expects this summer to be hotter than average in most of the country. People who can least afford higher bills could feel the pain the most because most moratoriums on power shut-offs during the pandemic have ended. Last month, the White House sought to soften the blow of higher bills by making hundreds of millions of dollars available for home energy assistance.

“Consumers are going to pay the price for this,” said Gordon van Welie, chief executive of ISO New England, the electric grid operator in the Northeast, where electric rates are among the highest in the country. “The reality is we’re going to be dependent on gas for a very long time.”

 

]]> https://staging.corkbranding.com/nyt-get-ready-for-another-energy-price-spike-high-electric-bills/feed/ 0 Europe’s Energy Crisis Pays Off for U.S. Natural-Gas Sellers, Global Traders https://staging.corkbranding.com/europes-energy-crisis-pays-off-for-u-s-natural-gas-sellers-global-traders/ https://staging.corkbranding.com/europes-energy-crisis-pays-off-for-u-s-natural-gas-sellers-global-traders/#respond Tue, 15 Mar 2022 17:40:42 +0000 https://onterraenergy.com/?p=831 Dash to sell gas to Europe at high prices made the U.S. the biggest LNG exporter for the first time – article highlights:

https://www.wsj.com/articles/europes-energy-crisis-pays-off-for-u-s-natural-gas-sellers-global-traders-11645099204?mod=e2tw

U.S. natural-gas producers and global commodity traders are emerging as some of the biggest beneficiaries of the surging energy prices spreading pain in Europe.

Falling supplies from Russia to Europe, as well as the threat of a Russian invasion of Ukraine, have elevated prices of the coveted fuel used to heat homes and generate electricity. The rally has burned European utilities including Électricité de France SA and Germany’s Uniper SE and put dozens of British energy suppliers out of business. It is also leading to substantially higher bills for consumers, creating headaches for governments across the continent.

Europe’s gas crisis began to unfold in the fall and led prices to record highs on Dec. 21 of more than €180 a megawatt-hour, equivalent to $205. Vessels carrying American LNG to markets around the world set a new course for Europe, and in December the U.S. surpassed Qatar on a weekly basis to become the biggest LNG exporter in the world for the first time. In the following month, the U.S. supplied almost half of the record 11.7 million metric tons of LNG delivered into Europe, according to market-intelligence firm Kpler.

The crisis has also led European companies to reconsider signing longer-term deals for American gas, U.S. executives say, something many had eschewed because the fuel was often more expensive than the competition. Such deals, if consummated, could lock in demand and help American companies secure the financing needed to build more gas-liquefaction terminals, raising U.S. LNG export capacity.

American executives said some European officials have recognized a need to build facilities capable of receiving LNG and turning the supercooled fuel back into gas, so as to mitigate future price surges. They said that an EU proposal to classify certain gas investments as green will help more buyers to emerge.

“For the buyers in Europe to feel like there’s policy support and political support to do long-term contracts for gas, that’s very positive,” said Mike Sabel, chief executive of Venture Global LNG Inc.

Dan Brouillette, a former U.S. energy secretary in the Trump administration, said the recent surge of American gas shipments into Europe and signs of interest in building new gas infrastructure mark a turnaround. Mr. Brouillette is now president of Sempra SRE +0.66% Infrastructure, a unit of Sempra that is one of the owners of the Cameron LNG export terminal in Louisiana. He said cargoes have flocked to Europe because U.S. contracts are typically more flexible than those of other large LNG producers.

]]> https://staging.corkbranding.com/europes-energy-crisis-pays-off-for-u-s-natural-gas-sellers-global-traders/feed/ 0 U.S. Natural Gas Faces Wild 2022 as Foreign Crises Exert Pull https://staging.corkbranding.com/u-s-natural-gas-faces-wild-2022-as-foreign-crises-exert-pull/ https://staging.corkbranding.com/u-s-natural-gas-faces-wild-2022-as-foreign-crises-exert-pull/#respond Thu, 03 Feb 2022 18:16:08 +0000 https://onterraenergy.com/?p=826 U.S. natural gas is in for another wild year as the insularity that once shielded North American energy consumers from overseas turmoil disintegrates.

Benchmark American gas futures climbed almost 45% in 2021 for the strongest annual performance in half a decade after a deadly freeze that crippled output was followed by summer heatwaves that lifted demand and hindered efforts to stow away supplies for winter.

As 2022 dawns, traders, explorers and utility operators are facing the prospect of continued volatility amid rising competition from buyers as far away as Poland and the Netherlands who are dealing with a crisis so acute that factories have shut down and Goldman Sachs Group Inc. is warning there’s a “clear risk of running out of gas.”

Overseas buyers purchased 13% of U.S. gas production in December, a seven-fold increase from five years earlier when most of the infrastructure required to ship the fuel out of the country didn’t yet exist. Prior to the advent of the American gas-export business, the U.S.-Canada market was a provincial sphere where prices were dictated by cold snaps in places like Pittsburgh and Chicago, and hurricanes in the Gulf of Mexico. But those days are long gone as brokers in Seoul and Rotterdam shell out record amounts to entice tankers laden with U.S. gas to sail their way.

“We continue to expect more price volatility to be present in these markets relative to recent history, albeit at a more diminished level once exiting the peak demand season of winter weather,” said Natasha Kaneva, head of commodities research and strategy at JPMorgan Chase & Co. “This is particularly true in the U.S., where price volatility has long been absent.”

https://www.bloomberg.com/news/articles/2022-01-01/u-s-natural-gas-faces-wild-2022-as-foreign-crises-exert-pull

Climate-change concerns are prompting some observers to warn about the potential for increasing summer volatility.  “We have definitely seen a warming pattern,’’ said Dennis Kissler, a trader at Bok Financial Securities. “The mid summer months have potential to be very volatile if summer is warmer than normal.”

“We continue to expect more price volatility.” — JPMorgan’s Natasha Kaneva

One foil to another rollercoaster year of volatility would be a significant jump in domestic gas output, analysts said. Bank of America is predicting a 3.5 cubic-foot increase in daily production this year, driven by new wells in shale fields from West Texas to Pennsylvania. U.S. gas production, excluding Alaska, rose about 7% in 2021, more than erasing 2020’s pandemic-related decline, according to BloombergNEF.

In a “well supplied” market, New York-traded futures would average $3.45 per million British thermal units in 2022 and $3.10 the following year, Bank of America said in a note to clients. Those compares with the December average of just under $4.

“The watch word will be volatility,’’ Kilduff said. “We’re going to be back into oversupply” in 2022.

]]> https://staging.corkbranding.com/u-s-natural-gas-faces-wild-2022-as-foreign-crises-exert-pull/feed/ 0 Europe Sleepwalked Into an Energy Crisis That Could Last Years https://staging.corkbranding.com/europe-sleepwalked-into-an-energy-crisis-that-could-last-years/ https://staging.corkbranding.com/europe-sleepwalked-into-an-energy-crisis-that-could-last-years/#respond Tue, 04 Jan 2022 19:17:18 +0000 https://onterraenergy.com/?p=815 With its natural gas stockpiles running dangerously low, the European Union is at the mercy of two wily forces—Putin and the weather. https://www.bloomberg.com/news/articles/2022-01-04/europe-s-energy-supply-crisis-has-the-eu-at-the-mercy-of-putin-and-the-weather

HIGHLIGHTS:

Although the situation came to a head abruptly, it’s been years in the making. Europe is in the midst of an energy transition, shutting down coal-fired electricity plants and increasing its reliance on renewables. Wind and solar are cleaner but sometimes fickle, as illustrated by the sudden drop in turbine-generated power the continent recorded last year.

Moscow’s increased leverage over its neighbors became apparent at the tail end of the last winter, an unusually cold and long one that depleted Europe’s inventories of gas just as its economies were emerging from the pandemic-induced recession. Over the summer, state-controlled Gazprom PJSC began capping flows to the continent, aggravating shortages caused by deferred maintenance at oil and gas fields in the North Sea and raising the stakes on a costly and long-delayed pipeline project championed by the Kremlin.

At the same time, countries from Japan to China were boosting their imports of liquefied natural gas (LNG) in preparation for the coming winter. All of this left Europe struggling to replenish its dwindling stockpiles during the warm months, when gas is less expensive.

Europe’s natural gas production has been in decline for years, which has left it more reliant on imports. Now, Russia stands poised to further cement its position as the bloc’s top supplier. Gazprom and its European partners have plowed $11 billion into Nord Stream 2, a 1,230-kilometer (764-mile) pipeline running beneath the Baltic Sea from Russia to Germany.

A recent bump in LNG imports from the U.S. has provided some relief, but it’s temporary at best. France needs to take several of its reactors offline for maintenance and repairs, resulting in a 30% reduction in nuclear capacity in early January, while Germany is moving ahead with plans to shut down all of its nuclear plants. With the two coldest months of winter still ahead, the fear is that Europe may run out of gas.

Storage sites are only 56% full, more than 15 percentage points below the 10-year average.

Traders are already preparing for the worst, with prices for gas delivered from spring through 2023 surging about 40% over the past month. Some say the crunch could last until 2025, when the next wave of LNG projects in the U.S. starts supplying the world market.

“It’s hard to see how decent levels of gas storage can be achieved without additional Russian exports via Nord Stream 2 or existing routes,” says Massimo Di-Odoardo, vice president for gas and LNG research at Wood Mackenzie. “2022 will be another volatile year for European gas prices.” —With Elena Mazneva, Olga Tanas, and Vanessa Dezem

]]> https://staging.corkbranding.com/europe-sleepwalked-into-an-energy-crisis-that-could-last-years/feed/ 0 Condo tower using 651,400 cubic meters saves $10,259.83 below utility cost https://staging.corkbranding.com/condo-tower-saves-10259-83-below-utility-cost-on-natural-gas/ Mon, 18 Jun 2018 19:58:33 +0000 https://nationalenergyadvisors.com/?p=508 A condo tower client located in Etobicoke that uses 651,400 cubic meters in natural gas a year participated in a Bundle T Index gas program and saved $10,259.83 less than what they would have paid on the utility rate for Enbridge gas for the same period. 

The customer floated on Index and then in the winter months locked in 3 months at a fixed rate to protect from extreme colder weather in the event that market prices went too high.

The utility rate is based on the Aeco Index price, and then includes other costs or losses and is then projected in advance.   As such you are never paying the ACTUAL market price of gas when you use it.

Further a bundle t program is equal delivery/ equal billing where in some cases additional savings are available.

We provide no cost and no obligation savings profiles on index gas programs.  For more about the various gas programs we offer please find the link to our webpage that explains them in further detail:

Wholesale Natural Gas

 

]]> Not for Profit LTC facility using 255,682 cm of gas a year net savings $4734.13 a year https://staging.corkbranding.com/not-for-profit-ltc-facility-using-255682-cm-of-gas-a-year-net-savings-4734-13-a-year/ https://staging.corkbranding.com/not-for-profit-ltc-facility-using-255682-cm-of-gas-a-year-net-savings-4734-13-a-year/#respond Mon, 28 May 2018 15:05:35 +0000 https://nationalenergyadvisors.com/?p=499 One of our long term valued customers had always locked their gas in.  We suggested the ABC Index gas program with simplified billing as the natural gas market was very soft for the forseeable future.

The one year savings for this smaller client was $4734.13 net which is excellent for their size.  When we added in their savings with our utility managed electricity POP savings program their total net savings for the year was $8654.13 below what they would have paid on the utility pricing structure.

The customer decided to move back to a fixed price when the market seemed favorable for the next few years which is easy to do with the flexibility of the Index gas program.

Call us today for a free analysis and we will compare exactly what you paid on utility and compare it to what you would have paid on the Index gas program.  9 out of 10 customers see a significant savings profile moving from Utility to Index.

See our post on why the utility is the supplier of last resort:

Wholesale Natural Gas

]]> https://staging.corkbranding.com/not-for-profit-ltc-facility-using-255682-cm-of-gas-a-year-net-savings-4734-13-a-year/feed/ 0 Natural Gas Case Study – ABC Index gas customer 950,411 cm a year saves $15,858.50 less than utility cost https://staging.corkbranding.com/natural-gas-case-study-abc-index-gas-customer-950411-cm-a-year-saves-15858-50-less-than-utility-cost/ https://staging.corkbranding.com/natural-gas-case-study-abc-index-gas-customer-950411-cm-a-year-saves-15858-50-less-than-utility-cost/#respond Tue, 27 Feb 2018 15:02:52 +0000 https://nationalenergyadvisors.com/?p=483 Our machining client in Ontario that uses 950,411 cm a year in multiple accounts with both Enbridge and Union went with the ABC natural gas index program. We advised that we felt the market would be relatively flat for quite some time and the best option was to go on an Index gas program.  The customer didn’t want to deal with a ‘bundle t’ program and likely the simplicity of this opportunity.

System gas is the supplier of last resort and paying for what you actually use and the actual market price rather than estimated rates with adjustments and other costs is a simple way to save money on your natural gas.

Since the contract was signed transport from Aeco to Empress has more than tripled so we are able to move them to a Dawn pool which is the same as Union South and that means their transport will be reduced from the utility from over 5 cents to just over 1 seeing additional savings.

For more about how you can save on your natural gas and for a no cost profile and quote.  See our website for more information on natural gas programs:

Wholesale Natural Gas

UNION LOCATIONS

Current Product Utility Product
Service Period End Consumption (m3) CGPR 5A + 2 (cents/m3) Total Cost with Active Union South Rate (cents/m3) Total Cost with Utility Savings ($)
3/31/2017                        93,731 16.68  $                    15,637.46 16.72  $                    15,670.74  $         33.28
4/30/2017                        47,718 17.46  $                      8,332.46 17.44  $                      8,323.58  $         (8.88)
5/31/2017                        34,590 18.08  $                      6,252.37 17.44  $                      6,033.73  $     (218.64)
6/30/2017                        33,678 16.42  $                      5,528.42 17.44  $                      5,874.64  $       346.22
7/31/2017                        13,747 13.18  $                      1,811.53 19.23  $                      2,643.98  $       832.45
8/31/2017                        19,400 13.56  $                      2,630.72 19.23  $                      3,731.30  $   1,100.58
9/30/2017                        21,210 10.84  $                      2,298.68 19.23  $                      4,079.48  $   1,780.79
10/31/2017                        48,899 9.86  $                      4,820.23 17.19  $                      8,403.79  $   3,583.57
11/30/2017                        92,052 15.46  $                    14,230.24 17.19  $                    15,820.05  $   1,589.81
12/31/2017                      112,135 14.45  $                    16,197.99 17.19  $                    19,271.37  $   3,073.38
1/31/2018                      130,679 14.87  $                    19,425.56 15.92  $                    20,798.00  $   1,372.44
2/28/2018                        67,845 14.71  $                      9,978.34 15.92  $                    10,797.66  $       819.32
 Total Savings  $ 14,304.33

ENBRIDGE LOCATIONS

Current Product Utility Product
Service Period End Consumption (m3) CGPR 5A + 2 (cents/m3) Total Cost with Active Enbridge West Rate (cents/m3) Total Cost with Utility Savings ($)
3/31/2017                        44,613                                   11.40  $                            5,087                                               10.55  $                            4,708  $   (378.67)
4/30/2017                        22,723                                   12.09  $                            2,748                                               11.00  $                            2,500  $   (248.18)
5/31/2017                        12,428                                   12.71  $                            1,579                                               11.00  $                            1,367  $   (211.99)
6/30/2017                           2,402                                   11.05  $                                265                                               11.00  $                                264  $       (1.09)
7/31/2017                              736                                      7.84  $                                  58                                               12.45  $                                  92  $       33.91
8/31/2017                              663                                      8.23  $                                  55                                               12.45  $                                  83  $       28.01
9/30/2017                           1,097                                      5.50  $                                  60                                               12.45  $                                137  $       76.24
10/31/2017                           7,359                                      4.65  $                                342                                               10.57  $                                778  $     435.96
11/30/2017                        31,254                                   10.25  $                            3,204                                               10.57  $                            3,305  $     100.88
12/31/2017                        57,663                                      9.24  $                            5,327                                               10.57  $                            6,097  $     770.66
1/31/2018                        63,362                                      9.59  $                            6,074                                               10.66  $                            6,757  $     682.88
2/28/2018                        21,501                                      9.43  $                            2,027                                               10.66  $                            2,293  $     265.57
 Total Savings  $ 1,554.17
]]> https://staging.corkbranding.com/natural-gas-case-study-abc-index-gas-customer-950411-cm-a-year-saves-15858-50-less-than-utility-cost/feed/ 0 Tracking the Peaks in Ontario? Don’t forget about impact of the solar eclipse on solar loads…as well as all of the new Class A customers expecting it! https://staging.corkbranding.com/tracking-the-peaks-in-ontario-dont-forget-about-impact-of-the-solar-eclipse-on-solar-loads/ https://staging.corkbranding.com/tracking-the-peaks-in-ontario-dont-forget-about-impact-of-the-solar-eclipse-on-solar-loads/#respond Fri, 18 Aug 2017 17:28:22 +0000 https://nationalenergyadvisors.com/?p=467

What to Expect: Solar Generation and Electricity Demand Impacts

The August 21 solar eclipse is expected to take place between 1 to 4 pm, with the peak of the eclipse occurring around 2:30 pm. Typically, at this time of day during the summer months, Ontario’s demand for electricity is near its highest of the year, and solar panels in the province are near their peak output.

The graph below shows forecasted electricity demand for a typical summer day – and how demand could be impacted with the potential reduction in solar generation and increase in lighting load at the time of the eclipse.

The partial solar eclipse we’ll see in Ontario, on a sunny, clear day is expected to reduce electricity output from solar generators by approximately 70 percent. There will likely be an increase in electricity demand due to homes and businesses turning on additional lighting to make up for darkening skies. The IESO will be ready to call on other flexible generation resources to help meet these changes in Ontario electricity demands.

The IESO will be actively monitoring weather and demand forecasts for the days and hours ahead to ensure smooth operations in the control room for Ontario’s bulk power system, and reliable service for Ontario consumers.

http://ieso.ca/en/corporate-ieso/media/also-of-interest/2017-solar-eclipse

KEEP IN MIND… THERE ARE A LOT MORE CLASS A CUSTOMERS ANTICIPATING THIS PEAK SO THAT ACTIVITY ALONE, COULD CHANGE THE PEAK.  Battery Storage can hit all 5 peaks with nearly 100% accuracy cycling a system 100 times per year.  Our systems cycle 250 times a year to fully monetize the system.  For more see our battery storage overview page.

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