Good Afternoon,
The boys in Portland are throwing some sinkers and sliders at the market; you the batter are staring dumbfounded, not believing what you’re seeing ….. neither are we.
Energy Scorecard
- October – Down 2400 aMW (ok, it’s just one day its down)
- November – Up 500
- December – Up 800
- January – Up 1200
- February – Up 1200
Aside from Oct 31, though the fact it is down and it should have the highest correlation to recent precip of any period is worth a mention, every month is up and the energy increases as the RFC moves through the term.
Here is what we know:
- October was massively above normal in rain, but not so much in snow, in fact in most basins snow is below normal:
- The 10 day outlook today is below normal
- The NWRFC is posting a 111% Jan-July for GCL and a 104% for TDA
We know a bit more but that is plenty to prove our point that as of October 31 we know nothing, or very little, about 17. Let’s examine the Year on Year to see where this year fits in
Every month is a four year high ..hhmm. November is easily the most bizarre of them all, though Feb is not too far behind. We expect these forecasts to be backed down, or it to start raining/snowing a lot harder than it has.