Energy Prices Rebound
August 2019 reached its final settle on Monday, falling 2.8 cents to $2.141/MMBtu. This set a 38 month low for the prompt month fueled by milder temperatures.
After two days of rebounding, a larger than expected injection this morning stifled any upward momentum. Total gas in storage is now 334 Bcf above this time last year.
Real time power prices are trending back down after being elevated by high temperatures for over a week. The 30 day average is now $30.29/MWh.
Electricity futures are bouncing around a bit with the rebound of natural gas. Overall futures are still down from last week with the 12 month strip at $31.94/MWh.
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