POV: Power Breakfast

Power Breakfast for August 9, 2016

ERCOT sets new peak demand record; EIA reports net summer natural gas withdrawal


POV: Power Breakfast

A nearly daily update of energy-related news:

  • ERCOT set a new systemwide record for peak demand at 70,169 MW on Monday, August 8. The previous record was set on August 10, 2015 and was a peak demand total of 69,877 MW. With triple digit temperatures expected to continue for the remainder of the week, ERCOT forecasts peak demand at or above 70,000 MW throughout the week.
  • For the first time in a decade, the U.S. had a net summer withdrawal of natural gas. The EIA’s weekly gas storage report shows that the working gas in storage was 3,288 Bcf as of July 29, 2016, a net decline of 6 Bcf from the previous week. Natural gas inventories stand at 3.3 trillion cubic feet, 16 percent higher than the recent five-year average.
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