Weekly Market Energy Report: June 14, 2018

 

Weekly Market Energy Report: Warm Weather Boosts NY Electricity

Natural Gas

July 2018 futures rose over 7 cents in the first three days of trading this week, however continues to be unable to get over $3/MMBtu.

This morning a larger than anticipated injection of gas into storage caused a brief slip in the market which has since moved back to being roughly flat on the day.

Electricity

Cheaper power prices from some more mild temperatures this week has helped to lower the 30 day average more than $1.50/MWh.

The 12 month strip has now reached $31/MWh which it has not done since January. The 24 month strip is now above $30/MWh which it also has not done since January.

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.

 

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