![]() It focuses on proton exchange membrane (PEM) fuel cells and fuel reprocessing technologies, hybrid fuel cell / battery technologies and associated hydrogen storage and distribution infrastructure. provides turnkey hydrogen fuel cell solutions for the electric mobility and stationary energy markets in North America and Europe. The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for Plug Power shares. Plug Power stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. We forecast Plug Power stock performance using neural networks based on historical data on Plug Power stocks.Īlso, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. What are analysts' forecasts for Plug Power stock? When should I record a loss on Plug Power stock? When should I take profit in Plug Power stock? How much will one Plug Power share be worth in If yes, then on this page you will find useful information about the dynamics of the Plug Power stocks and want to buy them, or are they already in your portfolio? The Boston Zone saw the highest on-peak day-ahead power prices in May, which averaged $21.92/MWh, down about 67% on year and down almost 14% on month.Are you interested in Plug Power Inc. ![]() This summer, under typical weather conditions, power demand in New England is forecast to reach 24,605 MW, and above-average summer temperatures, like an extended heat wave, could push demand up to 26,421 MW, which would tighten supply margins, the grid operator said June 1. Peakload averaged 12,916 MW compared with 13,024 in April. Heating degree days averaged 6.5 in May as cooler temperatures stuck around, but with a few days nearing an average of 70 degrees F, cooling degree days averaged 0.5.ĭespite the warmer temperatures compared with April, power demand was 1% lower in May. The average May temperature across the ISO-NE footprint was 58.6 degrees Fahrenheit compared with the historical average of 57.4 degrees F, according to CustomWeather data. Temperatures were slightly above the historical average in May and electric cooling demand began to kick in. Wind and solar power accounted for most of the remainder of the generation mix in addition to fractional volumes of coal, oil and other renewables. Hydropower accounted for 10.7% of the May fuel mix, down from 12.4% in April, and up from 10.1% in May 2022. Nuclear power supplied 20% of the May generation mix, up from 13.8% in April and down slightly from 20.3% in May 2022. Gas-fired power accounted for 51.8% of the ISO-NE power generation fuel mix in May, down from 58.9% in April and 55.5% in May 2022, according to ISO data. ISO-NE has over 30 GW of incremental power generating capacity, mostly wind power, in its interconnection queue, though many projects ultimately withdraw, according to the grid operator. "There are no major retirements or additions expected this summer with the last year of Mystic and Vineyard Wind project expected to come online in a little less than a year." "We are seeing a fairly stable outlook heading into the summer," Dan Dolan, president of trade group New England Power Generators Association, said in a June 13 email. The highest summer forward gas price is in July at $4.49/MMBtu, down about 45% from $8.23/MMBtu a year ago. With natural gas-fired power accounting for over 50% of the ISO-NE power generation fuel mix, gas prices heavily impact power prices.Īlgonquin on-peak forward gas prices for June, July and August averaged $5.52/MMBtu in May trading, down from an average of $8.02/MMBtu for the corresponding period last year. The Mass Hub July on-peak forward power price averaged $76.87/MWh in May trading, down 44% on year and down 1.43% on month, and forward power for August averaged $56.89/MWh, down 52% on year and down about 5% on month. The monthly average power price for June was down about 2% on month. ![]() The Mass Hub on-peak forward power price for June averaged $44.86/MWh in May trading, down nearly 51% from $91.04/MWh a year ago, according to Platts M2MS data. "As a result, we project on-peak power prices to continue to moderate throughout the year with an average of $41/MWh in 2023," the analysts said. "With gas markets rebalancing and production outpacing demand, delivered natural gas prices in New England are projected to average around $3.32/MMBtu in 2023, down from over $9/MMBtu in 2022," the power market analysts said in a recent research note. Receive daily email alerts, subscriber notes & personalize your experience.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |