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All About Energy

A Nation Divided (into 5 Natural Gas Storage Regions)

JB Sowyrda Dec 9, 2015 3:54:12 PM
JB Sowyrda
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To better represent the changing geographic dynamics of natural gas storage across the United States, the EIA has re-districted the storage regions into five groups and will now include Alaska. 

Natural Gas Regions

 

 

Industrial Sector Sees Drop in Consumption

U.S. Electric Consumtion Dec 2015

Given the milder temps along the East coast and across the Midwest, overall energy consumption is down, particularly in the industrial sector, but 2016 is expected to return to 2014 levels.  The dip in residential consumption could be related to the increase in customers using solar power. 

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U.S. Residential Electricity Prices
US_Resi_Price_STEO_Dec_2015.jpg

This year, we saw residential energy prices decrease and basically flattened out through the summer months.  This is different than what we have experienced in years past, however, given the natural gas glut and high storage volumes, it is to be expected.

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What's Underground by Region 2015-2016
Working_Gas_Inventories.jpg

Despite record-setting inventory in late November, the EIA estimates that October 2016 will fall short of 2015's 4,009 bcf storage levels.  The South Central has the highest storage capacity of the five regions, and typically peaks at the end of November, whereas the East and Midwest usually have net withdrawals in November.  This is consistent with weather patterns in the respective regions.  Temperature remains the most significant independent factor in storage withdrawals and injections.

 

 


 

Has your company enrolled in an ERCOT ERS program yet?

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Topics: Residential Power, STEO, Short-Term Energy Outlook, Natural Gas