SOURCE: Genscape, Inc.

August 08, 2005 05:00 ET

Genscape's Daily Gas Burn Report Helps Traders Avoid Thursday Surprises

LOUISVILLE, KY -- (MARKET WIRE) -- August 8, 2005 -- The recently launched Genscape Daily Gas Burn Report has shown a significantly greater use of natural gas by the country's power plants in July which has helped users avoid an unpleasant surprise at the lower-than-expected storage numbers published recently by the Energy Information Administration.

Last week, the EIA reported a gas injection, or an increase in storage, of 37 billion cubic feet, while the market expectation hovered between 45-50 BCF. The discrepancy between expectation and the published number helped drive gas futures prices to their highest level in 2005 and to the highest summer price ever.

Indicators commonly used by the gas industry had led most analysts to expect increases in demand to be met by plants fired by fuels other than gas. Genscape's gas burn information demonstrated that power generators were forced to use gas despite its high price.

"Users of the Genscape Daily Gas Burn Report told us they were not surprised by the low injection number published by the EIA," said Mike McAuliffe, Vice President -- Sales & Marketing at Genscape. "We've had over a dozen clients using the Report since the beginning of July and the response we've received from them has been very positive. Also, the upward trend in gas consumption was reaffirmed by Genscape's Weekly Coal Report, which showed coal-fired plants struggling to increase output despite the rise in demand caused by the recent heat wave."

The Genscape gas burn figures are based on direct measurements of generation and power flows. Genscape monitors electricity flows at more than 1,200 points across the U.S. resulting in output and flow estimates on over 300 power plants and major interconnections.

ABOUT GENSCAPE

Genscape's information gathering and distribution system consists of technology to monitor the real-time power output of power plants and load on high-voltage transmission lines. Information reported to customers includes highly accurate estimates of the real-time power output for generating facilities and power flows over strategic transmission paths in the U.S. and Europe and associated information for the U.S. natural gas, coal and emissions markets.

Genscape Inc. is the only company to have commercialized the provision of real-time power supply information to support decision-making for energy traders, power plant and line owners and operators, regulators, and other energy market participants. Genscape maintains a 60 person staff and an international headquarters in Louisville, Kentucky with additional offices in Amsterdam, New York, London and Washington D.C.

Contact Information

  • For More Information:
    Michael McAuliffe
    VP of Sales & Marketing
    (502) 583-4315
    Email Contact