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Posted December 1, 2021Today in Energy

California hydroelectric facilities continue to respond to prices despite drought ›

Despite widespread, intense drought conditions, hydroelectric power plants in the California Independent System Operator (CAISO), the grid operator for most of the state, provided a significant amount of generation from April to September 2021. Although drought conditions reduced the water supply in California, hydroelectric generation during this period still increased in response to the higher average hourly electricity prices in the late afternoon. More

average hourly California hydroelectric generation and day-ahead Northern California electricity price

Source: Graph by the U.S. Energy Information Administration, based on data from the California Independent System Operator (CAISO).

Data Highlights

WTI crude oil futures price

11/30/2021: $66.18/barrels

down$12.32 from week earlier
up$20.84 from year earlier

Natural gas futures price

11/30/2021: $4.567/MMBtu

down$0.400 from week earlier
up$1.685 from year earlier

Retail heating oil price

11/29/2021: $3.362 /gal

down$0.022 from week earlier
up$1.098 from year earlier

Crude oil inventories

11/26/2021: 433.1 million barrels

down0.9 million barrels from week earlier
down54.9 million barrels from year earlier

Weekly coal production

11/20/2021: 11.204 million tons

down0.435 million tons from week earlier
up0.446 million tons from year earlier