Good Morning,

Monthly

Energy Scorecard

January – Up 1,354 aMW
February – Up 283 aMW
March – Down 747 aMW
April – Up 329 aMW

January showed the largest week-on-week change with a massive 1,354 aMW increase, easily pushing the forecast to the highest level in the past five weeks. February and April both showed more subdued increases with 283 and 329 aMW respectively. March was the outlier as the only month with a weekly decrease, dropping 747 aMW from last Tuesday. This also marks the second-consecutive weekly decline after peaking at 12,107 aMW two weeks ago (10,344 today).

Daily

The largest daily increases over the next several months are expected to show up on the front end as January 12th jumped nearly 2,000 aMW week-on-week. The rest of January showed smaller increases as well. February begins with a more modest jump and held that through the 24th before falling off. April’s first week had the largest gains in the updated forecast, peaking with a 1,200 aMW increase in the 5th.

Year on Year

January’s gains still fell short of 2017, but the difference narrowed to less than 250 aMW. February continued to pace behind 2017 and 2015, though just 50 aMW from the latter. Despite the week-on-week decline, March still trails only 2017, while April is forecasting at the highest among the past five years.

William