Energy Prices Rebound
Natural Gas
November 2019 gas contracts are retreating as they approach their final day of trading on Tuesday. Since October 1st, the contract is down over 5 cents.
Today’s injection of 87 Bcf brings total gas in storage to 3,606 Bcf. Last week total gas in storage surpassed the 5 year average for the first time in more than two years.
Electricity
The 30 day average price of real time power has fallen over $1/MWh from last week down to $24.91/MWh.
Electricity futures strips are sticking around $31/MWh after rebounding from 16 month lows at the end of September. The 12 month strip is now at $30.94/MWh.
Charts
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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.
