Weekly Market Energy Report: June 8, 2018

 

Weekly Market Energy Report: Warm Weather Boosts NY Electricity

Natural Gas

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.

Electricity

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.

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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