Understand Your Energy Options
Current Energy Rates
Weekly Market Update
July 12, 2018
Natural Gas
August 2018 futures continue to trend downward this week, down roughly 3 cents through Wednesday and down another 3 cents thus far in trading today.
Today’s storage report of a 51 Bcf injection of gas into storage increased the deficit between current and year ago levels to 725 Bcf.
Electricity
The 30 day average price of power continued to climb from last week, now up nearly another $2/MWh from this time last week.
Electricity futures lost momentum this week as the 12 month strip dipped 16 cents from last week. Additionally the gap between the 12 and 24 month strips has narrowed from 63 cents to 42 cents.
12 & 24 Month NYMEX Strip
12 & 24 Month Zone A Power Strip
