Understand Your Energy Options

Current Energy Rates

Weekly Market Update
January 4, 2018

Natural Gas

February 2018 natural gas futures rose to over $3.00/MMBtu before a smaller than anticipated withdrawal from storage caused the contract to fall below $3.00.

Today’s withdrawal from storage of 206 Bcf brings total gas in storage to 3,126, 192 Bcf less than both last year and the 5 year average.

Electricity

Continued high electricity prices due to the winter weather in the northeast has drastically raised the 30 day average which is now over $40/MWh.

Last week the 12 month electricity futures strip was up over $2/MWh in response to the natural gas market before falling slightly this week to $30.61/MWh.

12 & 24 Month NYMEX Strip

 12 & 24 Month Zone A Power Strip

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