Good Afternoon,
STP is updated, here’s our take:
Monthly Energy
- Jan – up 1000 aMW (one day)
- Feb – Up 500 aMW – ouch
- Mar – Unchanged
- Apr – Up 700 aMW – whimper
- May – Down 2300 aMW – oh my
Daily Energy
Goofy cuts on April 1 have been reversed; May has been crushed. All of the Feb rally is in the front, probably off of the next storm stacked up in days 6-10.
Versus Prior Years
No surprises here, May is just about normal, off from the previous two years.
Day of Year
Spaghetti plot; let’s look at 2016 which was a drum gate year:
Last year, same week, the RFC dropped in regulation reflecting drum gate work; this year they dropped it in last week, then removed it this week. In – Out, take your pick; it seems it’s currently out.