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Archive for October, 2010

Analysis of Recent Natural Gas Price Volatility

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Graphic Source: CNE

The NYMEX Forward Curve has continued to shift down as gas output has made new all-time highs in 2010 (for instance, the EIA reported 61.2 Bcf/d in July), driven by the growth in shale.  The widening contango in the prompt 12 months over the past 60 days indicates the market is less concerned about availability of supply this coming winter than in the long run. 

Late last week, prompt month prices fell to a 13-month low and 12-month strip traded below $4/MMBtu for…
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Economic Update on the Weakening U.S. Dollar

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Graphic Source: CNE

Crude oil and other commodities have an inverse relationship to the U.S. dollar.  This is because when the value of the dollar falls, it takes more dollars to buy the same barrel of WTI. 

Over the past two months, the dollar has  been dropping against the euro and other currencies.  The falling dollar has supported domestic coal prices because the decline in the dollar’s value has made U.S. exports of coal to Europe and Asia more price competitive.  Also impacting domestic energy markets…
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Constellation Energy Named Finalist for Two 2010 Platts Global Energy Awards

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VirtuWatt Dashboard

VirtuWatt, Constellation Energy's online energy management application, has made the final list of nominations for this year's Platts Global Energy Award for Commercial Technology of the Year. The dashboard for the application, when it originally launched, is shown above.

Awesome news! My colleagues and I were recently notified by the Platts Global Energy Awards team regarding Constellation Energy’s designation as a finalist for the 2010 Commercial Technology of the Year Award for VirtuWatt™, our online energy management application.

We couldn’t be more excited. Since…
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Innovative Products & Services Available For Those Who Have Reserved Space Under the California Direct Access Cap

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Businesses in Los Angeles are among organizations statewide that can benefit by reserving space under the Direct Access Cap.

The year is almost over and in just two short months we’ll be ringing in 2011.  California businesses that have secured space under Phase 2 of the California Direct Access Cap have until roughly the end of the year to select a supplier if they have not done so already. 

For more than six months, California businesses and organizations of all types have begun to…
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Energy Investment & Energy Policy: The perfect opportunity or the perfect storm?

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This year’s Executive Energy Forum will take place next Thursday, Nov. 4.

The dynamic panel of experts and speakers, including former Secretary of Energy Spencer Abraham, will be comprised of national energy decision makers, energy market analysts and state public utility commissioners. Throughout the forum we will analyze the 2010 election results and discuss federal and state energy policies as well as carbon and sustainability policies.  We will also examine how a new data-focused perspective on energy management is making businesses more competitive, efficient and sustainable.

Historically this event has proven to be a terrific opportunity for our…
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Natural Gas Prices Fall Toward 13-Month Lows Following Higher-Than-Expected Injection

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Gas prices are down further this morning after falling toward new 13-month lows on Thursday, following another higher-than-expected storage injection of 93 Bcf for the week to October 15.  Natural gas forward prices also fell through the winter and pushed the March-April spread to a new low at 2.4c,  indicating the market has reduced concerns regarding gas inventories for this coming winter.

The injection marked the highest ever for the 42nd week of the year and cumulative injections for the first three weeks of October stand at 269 BCF, the largest ever for this time series.  This week’s injection cut…
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