Market Monitor Blog
Your home for commercial electricity and natural gas market news—covering market factors like supply, demand, regulatory affairs, weather, and more.
Customers Help Stabilize ERCOT Grid
Commercial customers of ENGIE Resources have answered the call, stepping up to help stabilize the ERCOT grid during this period of extreme heat and demand. Read more
NY PSC Extension: Brokers Buy Time
August 31, 2023 is NOT the deadline in New York for brokers and consultants to register with the Public Service Commission (PSC), pay a registration fee, post financial collateral, and disclose compensation. Read more
NYISO Achieves Perfection
Buyers and brokers in NYISO achieved perfection last week. They were perfectly focused on pricing requests with zero risk, a.k.a. fixed-priced solutions. Read more
Wall Street Wavers
Stock indices had mixed results when the latest Producer Price Index report dropped. Read more
Houston Exceptionally Hot
Even by Texas standards, 2023 has been one of the hottest years on record for Houston, with 19 days where highs have reached 100 degrees or higher. Read more
Inflation Edges Up
The July Consumer Price Index report showed a modest 0.2% inflation increase compared to June. Read more
ERCOT Down
It is typically the market with the strongest risk appetite, but ERCOT flipped the script last week. Read more
Services Sector Slows
The Institute for Supply Management (ISM) purchasing manager’s index (PMI) for the services sector dropped in July to 52.7 from 53.9 in June. Read more
Nuke Rebirth: Contain Your Excitement
The first nuclear reactor built from scratch in the U.S. in decades is now in commercial operation. Georgia Power’s Vogtle Plant Unit Three has full capacity of 1,100 megawatts and should operate for more than fifty years. Read more
Fitch Downgrades U.S. Credit Rating
Fitch Ratings had downgraded the U.S. economy to AA+ from the top rating of AAA. It is only the second downgrade in U.S. history. Read more