Market Energy Report: January Futures Contracts Down
Natural Gas
Since opening as the prompt month at $3.131/MMBtu, January 2017 futures have taken over a 30 cent dive; over 10 cents of which came yesterday.
Yesterday the EIA announced a 2 Bcf injection of gas into storage which added more downward pressure to the market. This is the first injection of the heating season to occur since 2012.
Electricity
Real-time power prices dipped a little bit lower this week pulling the 30 day average below $25/MWh.
Electricity futures continue to follow the natural gas market and are down from last week. The 24-month strip is now back below $30/MWh at $29.27/MWh as of Wednesday’s close.
Charts
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This document is intended for indicative purposes only. All information contained within this report is acquired from third-party sources and EnergyMark makes no representations or warranties, express or implied, as to the accuracy of the information provided herein. EnergyMark is not liable for any actions or decisions made in reliance on the information provided in the report.
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