Weekly Market Energy Report: Warm Weather Boosts NY Electricity
July 2018 futures finished last week showing strength before giving up what it had gained this week on Monday and Tuesday.
Yesterday morning gas futures were gaining upward momentum before a larger than expected storage injection took the wind out of their sails.
Continued high power prices through the end of last week and beginning of this week lifted the 30 day average higher to $30.08/MWh.
The 24 month strip shrank the gap to the 12 month strip, rising 19 cents from last week while the 12 month only rose by 2 cents.
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