Weekly Market Energy Report: Warm Weather Boosts NY Electricity
On Tuesday, during its last day of trading, June 2018 futures fell over six cents to settle at $2.875/MMBtu.
Yesterday the natural gas market recovered the ground it lost earlier in the week. A smaller than anticipated injection report continued to lift futures, with July 2018 up roughly six cents.
High temperatures have caused several power price spikes this week. The 30 day average price of power has now risen over $4/MWh from last week to $26.84/MWh.
Both the 12 and 24 month electricity futures strips are up again from last week and the gap between the two continues to grow.
Click on a thumbnail to see a larger version:
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.