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September 26th, 2016

Market Summary for the Week of September 19 - 23, 2016

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

WTI and Brent both continued to move downward last week, a general trend since late June. Both OPEC and the International 
Energy Agency lowered their 2015 global demand forecasts, and the EIA reported a forecast for a 1 million barrel increase in 
domestic production for 2015 over 2014 estimates. Natural gas prices capped a weekly gain last week on forecasts for lingering 
heat and on speculation that low gas prices will boost demand from electricity generators. Thursday's EIA storage report brought 
news of the largest gain in seven weeks, cutting the deficit to the five-year average levels to 14.2%

Crude oil prices climbed last week. The weekly EIA storage report showed a larger-than-projected drop in crude stocks and markets also reacted in anticipation of this week's meeting between OPEC states and Russia to discuss joint action on production rates. Natural gas prices climbed early in the week on high temperatures and cooling demand, but fell on Thursday and Friday in anticipation of mild fall weather in the coming weeks. Stock surplus fell to 8% to the 5-year average. 

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September 19th, 2016

Market Summary for the Week of September 12 - 16, 2016

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

WTI and Brent both continued to move downward last week, a general trend since late June. Both OPEC and the International 
Energy Agency lowered their 2015 global demand forecasts, and the EIA reported a forecast for a 1 million barrel increase in 
domestic production for 2015 over 2014 estimates. Natural gas prices capped a weekly gain last week on forecasts for lingering 
heat and on speculation that low gas prices will boost demand from electricity generators. Thursday's EIA storage report brought 
news of the largest gain in seven weeks, cutting the deficit to the five-year average levels to 14.2%

Crude oil prices climbed last week. The weekly EIA storage report showed a larger-than-projected drop in crude stocks and markets also reacted in anticipation of this week's meeting between OPEC states and Russia to discuss joint action on production rates. Natural gas prices climbed early in the week on high temperatures and cooling demand, but fell on Thursday and Friday in anticipation of mild fall weather in the coming weeks. Stock surplus fell to 8% to the 5-year average.

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September 12th, 2016

Market Summary for the Week of September 5 - 9, 2016

by Kelsey Berger and Michelle Tham, Energy Analysts

Synopsis of Last Week's Energy Markets

WTI and Brent both continued to move downward last week, a general trend since late June. Both OPEC and the International 
Energy Agency lowered their 2015 global demand forecasts, and the EIA reported a forecast for a 1 million barrel increase in 
domestic production for 2015 over 2014 estimates. Natural gas prices capped a weekly gain last week on forecasts for lingering 
heat and on speculation that low gas prices will boost demand from electricity generators. Thursday's EIA storage report brought 
news of the largest gain in seven weeks, cutting the deficit to the five-year average levels to 14.2%

Despite the four-day trading week, the near-term crude oil contracts gained 3-6% last week. The EIA reported that total US storage levels saw the highest one-week drop in 17 years, caused by high refining rates and a disruption to imports. Natural gas prices fell early in the week due to projected decrease in cooling demand but regained losses following an EIA report of lower-than-expected injection rate. Inventory surplus fell to 9.8% to the five-year average.

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December 18th, 2015

Winter Reliability 2015: Addressing Limited Natural Gas in New England

by Andrew Price, President & COO

Pursuant to order of the Federal Energy Regulatory Commission, ISO-NE will continue its Winter Reliability Program for the upcoming 2015-2016 winter season in substantially the same form as the 2014-15 program

PROGRAM OVERVIEW

ISO-NE is estimating the charge for this program during the 2015-2016 winter season will be approximately $0.0025/kWh, which is the same as the rate for 2014-15. The Winter Reliability Program will run from December 1, 2015 to February 29, 2016.  Those customers whose contracts do not specifically include the Winter Reliability Program in the price should be prepared to see this charge on their monthly invoices for those three months.

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June 12th, 2015

Self-Help Demand Response Program

by Andrew Price, President & COO

As we are approaching the summer season in New England, we thought it a good time to review the reason for the CES Self-Help Demand Response Program, how we will alert our customers when we think action would be helpful, and how we weigh whether or not a given day might be an annual peak day across all of New England.

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