Weekly Market Energy Report: August 13, 2020

August 14, 2020

Gas Futures Dip Following Spike

Natural Gas

Natural gas futures fell over 8 cents on Monday following last week’s strong rally. September 2020 contracts are down 3.9 cents from last week.

Today’s injection of 58 Bcf was larger than anticipated. Total gas in storage is now up to 3,332 Bcf.

Electricity

The 30 day average price of real time power has dipped back below $30/MWh, down just shy of $3 from last week.

Power futures are up slightly from last week. The 12 month strip is up $0.23/MWh from this time last week.

Charts

Click on a thumbnail to see a larger version:

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.

Read the Full Report