Energy Prices Rebound
Natural Gas
Natural gas futures prices have taken a downturn after several weeks of upward momentum. The 12 month strip is now down below $2.50/MMBtu.
Today’s injection of 3 Bcf will likely be the last one for the year as demand picks up. Total gas in storage is 491 Bcf higher than last year.
Electricity
The 30 day average price of real time power is rebounding on the back of this week’s cold weather, currently up to $22.80/MWh.
Electricity futures are bouncing around this week as the market finds direction. The 12 and 24 month strips both briefly dropped below $30/MWh on Tuesday.
Charts
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Disclaimer
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.
