Energy Prices Rebound
November 2019 gas contracts continue their slide that began at the beginning of this month, now down 10 cents from October 1st.
Today’s injection of 98 Bcf of gas into storage made little impact to the market. Total gas in storage is now only 9 Bcf behind the 5 year average.
The 30 day average price of real time power had little movement from last week as variable power prices have been steady. The 30 day average price of power is $27.13/MWh.
Electricity futures rebounded slightly after reaching more than 12 month lows last week. The 12 month strip is now at $30.91/MWh.
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