Sunday, May 15, 2022

Gasoline Demand -- Finally, Hitting Its Stride? May 15, 2022

Link here.

The EIA may reflect this data later this week. 

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ISO NE 

I'm sure this has happened before but I can't recall. If so, not often.

ISO NE is at a fairly moderate demand of 13,519 MW.

Price: upwards of $110 / MWh.

But look at the fuel mix:

  • natural gas: a whopping 70%
  • what happened to nuclear? only 17%; flat-lined;
  • renewables: at 7%
  • generally nuclear and renewables are about the same at 14%
  • of the renewable energy (7%) is wind at 30% of that 7%
  • marginal fuel: natural gas

Could be a long, expensive summer. 

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