Weekly Power Outlet US - Week 13

Weekly Power Outlet US - Week 13

Natural gas $2, PJM Capacity Market, and a Lump of Coal. Energy Market Update Week 13, brought to you by Acumen. For More Updates Like This, Subscribe Here! Weekly Power Outlet 03312023 Weekly_Power_Outlet_03312023.pdf 705 KB download-circle This week the April NYMEX natural gas futures rolled off the board settling just under $2/MMBtu with May now the prompt month future trading near $2.20 MMBtu.  Thursday’s EIA storage report showed an inline draw of 47 Bcf, which leaves invent

Weekly Power Outlet US - Week 12

Natural Gas, 2022 FERC Market Review, and Banking. Energy Market Update Week 12, brought to you by Acumen. For More Updates Like This, Subscribe Here! Weekly Power Outlet 03242023 Weekly_Power_Outlet_03242023.pdf 753 KB download-circle This week's EIA natural gas storage report was a yawner. The withdrawal of 72 Bcf versus estimates of 74 Bcf was enough to move an already depressed market to almost zero as front month NYMEX remains in the low $2 area. Inventories are now 36% high

Weekly Power Outlet US - Week 11

Capital Rationing, LNG, and PJM Capacity Reform. Energy Market Update Week 11, brought to you by Acumen. For More Updates Like This, Subscribe Here! Weekly Power Outlet 03172023 Weekly_Power_Outlet_03172023.pdf 736 KB download-circle Last week we ended our commentary talking about the essential failure of a bank, Silvergate, and the potential of more to come. This week that potential has become a reality as Silicon Valley Bank has become the second largest failure in US history,

Critical Vulnerability in On-Premises Exchange Servers: Microsoft Urges Admins to Patch Now

Microsoft has recently urged administrators to install the latest Cumulative Update (CU) and Security Updates (SU) on their on-premises Exchange servers to secure against potential cyber threats.

Weekly Power Outlet US - Week 10

PJM Market Monitor 2022, EIA Outlook, and US Bank Stocks. Energy Market Update Week 10, brought to you by Acumen. For More Updates Like This, Subscribe Here! Weekly Power Outlet 03102023 Weekly_Power_Outlet_03102023.pdf 725 KB download-circle On Thursday, the PJM Market Monitor released their 2022 State of the Market Report. For those new to this annual report, it is a very thorough report of the state on the PJM market and worth a glance. We are going to consider ourselves in go

Winter Is Almost Over, But Cold Weather Preparedness Is Here To Stay

Spring is a time for new beginnings, fresh starts, and warmer weather. For many of us, it is a time to put away our winter coats, hats, and gloves, and look forward to the upcoming summer months. However, for those of us in the electric utility industry, spring does not necessarily mean the end of cold weather. Instead, it is a time to focus on cold weather preparedness for the foreseeable future. As an owner or operator of a Bulk Electric System (BES) facility, the reliability and safety of th

Weekly Power Outlet US - Week 9

Natural Gas, Diablo Canyon is Alive, and Electricity Prices Rally. Energy Market Update Week 9, brought to you by Acumen. For More Updates Like This, Subscribe Here! Weekly Power Outlet 03032023 Weekly_Power_Outlet_03032023.pdf 749 KB download-circle EIA released their weekly natural gas storage report with withdrawal at 81Bcf, which was slightly higher than the 76Bcf estimates. The release stopped what had been a multi-day rebound in pricing after hitting $2. The pause was only

Protecting Your Assets using Holistic Security Solutions

Similar to the cyber security attacks that have been experienced by many electric utilities, physical security threats are also on the rise. As stated in the news, attacks on electrical systems were up by nearly 80% in 2022 compared to the previous year.

Weekly Power Outlet US - Week 8

Cheniere Energy Announcements, the BASF, and Transmission Line (ROFR). Energy Market Update Week 8, brought to you by Acumen. For More Updates Like This, Subscribe Here! Weekly Power Outlet - Week 8 Weekly_Power_Outlet_02242023.pdf 744 KB download-circle Yesterday we published a blog post discussing some trends that may add to volatility in the world of electricity pricing now and in the future. As we’ve covered in these weekly posts as well, given the emergence of natural gas in

Electric Market Trend 2023 And Beyond

We’ve just passed the time of year when analysts and market content creators release their year-end review and prognostications for the coming year in electricity. While we don’t want to add to the list of “year in review,” we will touch on some events that happened last year and point out a few things we think are relevant going into 2023. The real purpose of this writing will be to discuss the return of volatility in the electric markets and why we think it could be here for a while. A remind

Hacktivist group GhostSec claims first-ever Ransomware Attack against an RTU

Hacktivist group GhostSec, an affiliate of Anonymous, claims it executed the first-ever ransomware attack on a RTU (Remote Terminal Unit) as part of its "OpRussia" operation with GhostSec ransomware.

Weekly Power Outlet US - Week 7

Natural gas slide continues, coal replacing LNG, and FERC Cold Weather Reliability Standards. Energy Market Update Week 7, brought to you by Acumen. For More Updates Like This, Subscribe Here! Natural gas is now trading in the lower $2 range from around $8 this fall. It looks like economic theory is proven again as lower demand plus higher production equals lower prices. Ironically, there have been some analysts saying LNG terminal Freeport might be the only answer to lower prices right now.

Acumen Acquisition Announcement

AESI-US, Inc., a Subsidiary of AESI Acumen Engineered Solutions International Inc., Finalizes Acquisition of Metis Energy Solutions, LLC.

We're Rebranding! AESI to Acumen

We are excited to announce that AESI has rebranded as Acumen.

Weekly Power Outlet US - Week 6

EIA storage numbers, China re-opening, and day-ahead prices in the single digits. Energy Market Update Week 6, brought to you by Acumen. For More Updates Like This, Subscribe Here! EIA storage numbers were released yesterday with a slightly larger withdrawal than forecast at 217Bcf. The winter storm that hit East Central Texas was the culprit as the cold weather increased demand. Futures initially rallied on the news, but have settled back as the market realized the beat on withdrawal was be