Big delivery day (over 12.6M doses now delivered)!!
Canada now has 22% of its population with one dose or more.
26.5% of Cdn adults now have one dose or more, 2.7% are fully vaccinated. QC leads the provinces in terms of one dose or more (30.1%), PE leads in terms of fully vaccinated (7.0%).
Yesterday 8 out of 10 provinces in Canada met the required pace to vaccinate 75% of population with one dose or more by June 30th.
Are we on pace over time? Here is the 7 day moving average of the pace metric.
Canada is meeting the required pace!
The Scoreboard!
Among the provinces, SK leads in doses per 100 adults at 33.9%.
PE leads in share of fully vaccinated adults at 7.0%.
QC leads in share of adults with one dose or more at 30.1%
Deliveries vs Shots in Arms! Big delivery day today!
Last thing... How is Canada doing relative to the rest of the G20 for doses per 100.
So I've done a first read of the leaked CPC plan and have a few thoughts. #cdnecon#cdnpoli
1. Carbon pricing.
This will get all the attention today, and understandably given the CPC has made it their mantra to oppose carbon prices on households. So it's good they've relented, but the details matter here. And the details make this largely a gimmick...
Every $ spent will be returned to your personal account. Think of it like swiping a Carbon Miles™️ card at the pump. So all those critiques of the Lib rebates ("why have a tax if you just get your money back") are actually valid here! The catch is your spending is restricted...
Nearly 300k doses today! Canada now has over 21% of its population with one dose or more, over 25% of adults.
25.6% of Cdn adults now have one dose or more, 2.7% are fully vaccinated. QC leads the provinces in terms of one dose or more (29.2%), PE leads in terms of fully vaccinated (6.5%).
Yesterday 6 out of 10 provinces in Canada met the required pace to vaccinate 75% of population with one dose or more by June 30th.
Canada now has over 20% of its population with one dose or more, nearly 25% of adults.
24.7% of Cdn adults now have one dose or more, 2.6% are fully vaccinated. QC leads the provinces in terms of one dose or more (28.2%), PE leads in terms of fully vaccinated (6.5%).
Yesterday 5 out of 10 provinces in Canada met the required pace to vaccinate 75% of population with one dose or more by June 30th. Note: PEI dumped several days of data today.
A quick thread on the interconnectedness of power and NG markets. Others have discussed the interdependence and asymmetries of these two energy markets (e.g. @CostaSamaras & @MichaelEWebber).
I want to talk about how the Texas cold snap propagated through power & gas markets.
Let's start with Texas itself. Here's North Hub day-ahead market prices for power during the event. Pinned at $8000-9000/MWh through the event. Now back to a more typical $20.
And here's gas in Texas, namely the Waha hub in West Texas. Reaching $200/MMbtu, from a more typical $2-3. Other points reached even higher prices.
The demand for gas for both direct heat and power gen clearly links these two commodities within Texas.
Quick (chart) thread on Ercot generation during the power outages.
Can't recall who made this plot, but it's excellent (albeit without y-axes!!).
Changes over time are informative, but not the whole story.
In terms of how each fuel type performed, we not only want to judge its absolute production, but also relative to what was expected of it.
Ercot did a Winter 2020/21 resource adequacy assessment in November and came up with the following:
67GW thermal+hydro
7GW wind
0.3GW solar
They also ran "risk scenarios", essentially more thermal outages or less wind. Interestingly they didn't run the extreme forced thermal outage *AND* the extreme low wind scenario together!