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Happy Halloween from IPP

PJM’s capacity auction results have caused a lot of concern for consumers across the board. Due to the significant increase in pricing, First Energy has informed FERC their customers should expect to see an 11% - 20% price increase depending on their location. This increase will take place starting June 2025 for most consumers. In an effort to help curb this increase and solidify the market moving forward PJM is working to delay their next auction. This is an effort to rethink the current market design, according to PJM officials. However, groups such as American Municipal Power feel this delay will only cause more problems. More details included in the article below. https://lnkd.in/guxneEcn #PJMCapacityAuction #FirstEnergy #EnergyPriceIncrease #EnergyBroker #InfinityPowerPartners

Weekly Natural Gas Storage Report (10/24/2024) came in high with 80Bcf net injection for week ending October 18th, whereas consensus estimates were for a 61Bcf injection. The strong injection number put downward pressure on spot natural gas, down about $.05 since the report was released. The high inventory is attributed to the unseasonably warm weather across the bulk of the continental US. #IfninityPowerPartners #NaturalGasStorageReport

Hello, fall! Time for cozy sweaters, warm drinks, and beautiful colors all around. Wishing everyone a happy and vibrant season ahead! #infinityPowerPartners

Our October Infinity Insights newsletter is out now! This includes a monthly market update featuring comprehensive updates on general natural gas trends, #PJM #capacity #auction updates, return of #nuclear #power and much more. Click to read the full edition and subscribe to our monthly newsletters! https://lnkd.in/gSGTuixM #InfinityInsights #NaturalGasMarket #NYMEX #EnergyMarket #EnergyConsultant #PJMCapacityAuction #InfinityPowerPartners

It's no exaggeration to say that Winter Storm Uri has caused significant disruption in Texas since 2021. However, one positive outcome has been the increased focus on grid reliability in case of future disasters. This article highlights a new project that aims to connect the Texas power grid with the Southeast, providing added protection during emergencies. The project would create a direct line to transport nuclear power from Mississippi to Texas when needed, and send surplus wind and solar energy from Texas eastward. While there are numerous obstacles to overcome, this initiative marks a promising step toward improving grid stability in Texas during natural disasters. Click to read more: https://lnkd.in/gE4GBAj2 #ERCOT #GridStability #HoustonChronicle #EnergyNews #EnergyConsultant #InfinityPowerPartners

#Hurricane #Milton is a category 4 hurricane with 155 mph winds expected to make landfall late Wednesday / early Thursday between Clearwater and Port Charlotte. Milton will bring storm surges up to 15 feet and rainfall up to 20” in some areas. The region from Tampa Bay to Charlotte Harbor are expected to be most heavily impacted. Residents in the impacted area are urged to closely monitor the latest updates from local authorities regarding Hurricane Milton. Stay safe everyone. #HurricaneMilton #SeverWeatherUpdates #EnergyConsultant #InfinityPowerPartners

Happy Rosh Hashanah to all who celebrate! #InfinityPowerPartners #RoshHashanah #ShanaTova