Gas Futures Dip Following Spike
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.
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.
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