Understand Your Energy Options
Current Energy Rates
Weekly Market Update
December 12, 2019
Natural Gas
Natural gas futures prices continue to trend downward. January 2020 contracts have fallen over 10 cents since last week down to $2.243/MMBtu.
Today’s withdrawal of 73 Bcf was slightly smaller than anticipated and moves total gas in storage 14 Bcf behind the 5 year average.
Electricity
The 30 day average price of real time power is down over $1/MWh from last week to $25.12/MWh.
Electricity futures have plunged lower as the 12 month strip has dropped below $29/MWh. The lowest the strip has been in 2019.
12 & 24 Month NYMEX Strip
12 & 24 Month Zone A Power Strip
