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Grid operators told federal officials they expect to meet winter demand, though gas shortages from the Aliso Canyon leak threaten dozens of California plants. The article says gas prices are expected to be higher this winter.
Total gas demand could rise about 5 Bcf/d year over year on expected average weather, partly offset by a 2 Bcf/d drop in power-sector demand.
Higher expected gas demand from heating and power use points to firmer winter prices. Regional capacity constraints in California could add localized price stress.
utilitydive.comRobert WaltonNov 2, 2016After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
