Understand Your Energy Options
Current Energy Rates
Weekly Market Update
November 19, 2020
Plenty of downward momentum in natural gas this week on expectations of warmer temperatures. The 12 month strip is down nearly 40 cents from Friday.
This week’s storage report showed a much larger injection than anticipated, adding to the momentum downward. Total gas in storage is now 6% ahead of the 5 year average.
Real time power prices have trended lower in the last 2 weeks, the 30 day average has fallen over $2.50/MWh since November 5th.
Electric futures have had big swings in both directions for a couple weeks, overall seeming to trend downward with gas. The 12 month strip is down to $29.17/MWh.