Reminders

Energy News

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EMC/NRCan Energy Summit 2016 Call for Presentations

By Scott McNeil-Smith

Excellence in Manufacturing Consortium (EMC) in partnership with Natural Resources Canada and the Canadian Industrial Program for Energy Conservation (CIPEC) is bringing together the country's leading energy subject-matter-experts, industry leaders and energy efficiency suppliers, to share best practices and the latest innovations in industrial energy efficiency on a national stage.


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This is a FREE event!


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Energy Market Overview - July 2014

By Margaret Harrison

The mild weather so far this summer has resulted in a decrease in both the natural gas and electricity costs.

We are seeing reduced natural gas term prices and lower electricity hedge prices moving forward.

The market had been volatile due to the requirement to fill storage prior to October 31, 2014. The milder weather and the reduction of natural gas being used for power generation has resulted in higher than average injections into storage so far this summer. If the storage levels do not meet the forecasts by the end of October we will see higher natural gas pricing over the winter months. This will also have a direct impact on the electricity prices in Ontario.

We encourage all EMC Energy Group members to look at fixing a portion of their natural gas and electricity cost for at least 2015 to protect against the possibility of higher pricing moving forward.

Please contact Margaret Harrison at 905-635-3265 or via e-mail at mharrison@ecng.com to set up a meeting to review current market conditions and put a strategy together for your organization.


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Energy Market Overview - June 2014

By Margaret Harrison

The forecast for the natural gas storage balance at the end of the injection season, October 31, 2014, is 3,450 Bcf. This would be the lowest natural gas storage volume since 2008. The average natural gas storage volume heading into the winter months has been an average of approx. 3,800 Bcf during the past 5 years. The lower forecasted storage volume this year will result in higher natural gas costs over the next year.

Since Ontario electricity prices are tied to the natural gas price we are forecasting higher electricity prices over the next year as well.

We encourage all EMC members to fix a portion of both natural gas and electricity volumes for the next year, at least.

To book a meeting to review the current EMC Energy Group recommendation please contact Margaret Harrison at (905) 635-3265 or via e-mail at mharrison@ecng.com.


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Energy Market Overview - May 2014

By Margaret Harrison

The long, cold winter just finished has had a dramatic impact on natural gas storage (Inventory) levels. These low storage levels will result in Utilities buying 50% more gas in the summer than they usually would, in order to have enough gas on hand to serve their customers next winter. As a result, natural gas prices are trending higher than we have seen over the past couple of years. We are forecasting this will increase demand by 5.5 – 6.25% (4-5 Bcf per day).

While power prices in Ontario are fairly aligned with natural gas prices, we have seen a mild softening in the electricity market prices due to the reduced spring demand and an increase in the hydro powered generation (greater than usual snow levels result in larger flows of melting snow).

Overall we will see higher prices for both natural gas and electricity this year versus the previous two years.


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Energy Market Overview - April 2014

By Margaret Harrison

With the return of more temperate weather we have seen a reduction in electricity prices, although gas prices remain elevated.

However, the extreme winter has caused natural gas and electricity pricing to remain higher than previous years. Due to the volume of natural gas removed from storage we will continue to see higher prices for the remainder of 2014 as utilities fill their depleted storage (at DAWN) in preparation for next winter.

Since the electricity price is directly tied to natural gas prices we are forecasting higher prices for this commodity for the remainder of the year.

There is good news however, as the April electricity price has reduced significantly from the January to March average and is approx. $.036/kWh. As well, due to the high winter commodity costs, the Global Adjustment for April is a credit of $.0097/kWh.

If you would like to review your current status and discuss a strategy moving forward please contact Margaret Harrison at (905) 635-3265 or mharrison@ecng.com.


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Energy Market Overview - February 2014

By Margaret Harrison

Wow, what a winter so far. We have continued to experienced extreme cold weather throughout February. This cold weather has had a major impact demand and pricing for both natural gas and electricity in January and February.

High demand for natural gas in Ontario has resulted in daily natural gas prices at the Dawn delivery point to be as high as $40.00/GJ.

As the warmer spring weather approaches and demand reduces we will likely see moderating natural gas and electricity pricing.

As always we will continue to monitor the market and advise Energy Group members if any pricing opportunities become available.


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Energy Market Overview - January 2014

By Margaret Harrison

Happy New Year and welcome to winter!


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EMC’s energy initiatives include the only non-profit group energy procurement initiative for industry in the province and the largest manufacturing buying group for energy, on behalf of Ontario manufacturers. We are also providing manufacturers with key resources to better manage their energy consumption, achieve bottom line impacts and reduce their carbon footprint.


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EMC’s Energy Buying Group is the only non-profit group energy procurement initiative for industry in the province and the largest manufacturing buying group for energy, on behalf of Ontario manufacturers. On December 2nd, 2013 the group added an important resource to assist manufacturers to be better informed about their energy consumption patterns and the impact on budgeting and future forecasts.



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