No help from the weather: WECC power and renewables short term outlook August 2017
Despite bullish fundamentals for natural gas, moderate weather this year has kept prices in check, revising prices down through the end of the year, with additional pressures in 2018 and 2019. This combined with other fundamentals and the impact of hurricanes Harvey and Irma keep pressure on power prices through much of the forecast. In terms of supply, we continue to add more wind in the Midcontinent region as developers focus where costs are the lowest and PTC revenues highest.
Why buy this report?
Although a year of moderate weather kept energy prices stable, the solar eclipse and intense Atlantic hurricane season were a disruptive force to more than just the communities they affected. This short-term power forecast can help you:
Identify significant trends across regional power markets
Understand the immediate and near-term effects of Hurricanes Harvey and Irma on our power demand outlook
Learn why Henry Hub prices are trending low, and why we expect a rally
See where rising wind power over the last year has been built out across the US
Our growing presence as power and renewables experts is supported by more than 40 years in the energy analysis space, and by dedicated power analysts located in niche markets throughout the world.
This short-term outlook for power and renewables includes:
Base cases outlooks for fuel price, load forecast, price and other fundamentals
Near-term impacts of recent Atlantic Hurricanes Harvey and Irma
North American power supply, demand, generation balances and price outlook