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Weekly Market Update
December 7, 2018

Natural Gas

After falling nearly 30 cents through Thursday of this week, January 2018 contracts have rebounded today, up around 15 cents.

This week’s storage report was delayed one day in observance of the passing of President George H.W. Bush. Today the EIA announced a withdrawal of 63 Bcf of gas, dropping total gas in storage below 3,000 Bcf.

Electricity

Higher gas prices continue to push the price of electricity upward. The 30 day average price of power is now up to $37.55/MWh.

Electricity futures rebounded this week after last week’s drop off. The 12 month strip is up 50 cents from last week, back over $37/MWh.

12 & 24 Month NYMEX Strip

 12 & 24 Month Zone A Power Strip

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