October Gas Sinks Below $2/MMBtu
Natural Gas
Natural gas futures fell hard since Tuesday. October 2020 futures have fallen below $2/MMBtu multiple times today.
Today’s injection of 89 Bcf was larger than expected and added more downward momentum. Total gas in storage is now 13% ahead of the 5 year average.
Electricity
Real time power prices remain cheap, pulling the 30 day average lower. The 30 day average price is now below $20/MWh.
Power futures are down slightly from last week. The 12 month strip is down 40 cents from last week to $29.66/MWh.
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.
