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Posted July 7, 2020 Today in Energy

NERC report outlines how pandemic mitigation could affect electric reliability this summer ›

Despite heightened uncertainty—stemming from efforts to slow the progression of the novel coronavirus disease (COVID-19)—in demand projections, the North American Electric Reliability Corporation's (NERC) recent 2020 Summer Reliability Assessment finds that enough resources are available to meet this summer's projected peak electricity demand in most areas of the country. The Electric Reliability Council of Texas (ERCOT) has the smallest anticipated reserve margin, but each of the remaining regions exceeds, or substantially exceeds, a 20% anticipated reserve margin. More

Summer 2020 reference margins and anticipated reserve margins in select NERC regions

Source: EIA, based on North American Electric Reliability Corporation (NERC) 2020 Summer Reliability Assessment

Data Highlights

WTI crude oil futures price

7/6/2020: $40.63/barrel

up$0.93 from week earlier
down$16.88 from year earlier

Natural gas futures price

7/6/2020: $1.830/MMBtu

up$0.121 from week earlier
down$0.588 from year earlier

Retail gasoline price

7/6/2020: $2.177/gal

up$0.003 from week earlier
down$0.566 from year earlier

Retail diesel price

7/6/2020: $2.437/gal

up$0.007 from week earlier
down$0.618 from year earlier

Weekly coal production

6/27/2020: 9.051 million tons

down0.253 million tons from week earlier
down4.709 million tons from year earlier