Weekly Market Energy Report: August 27, 2020

August 28, 2020

NYMEX September Gas Settles $2.579

Natural Gas

September 2020 gas futures had a strong rally into settle today. Final close this afternoon was $2.579/MMBtu.

Today’s injection of 45 Bcf was slightly smaller than anticipated. Total gas in storage is now up to 3,420 Bcf, 15% above the 5 year average.

Electricity

The 30 day average price of real time power continues to fall, down over another $2.50/MWh from last week.

Power futures are down slightly this week after the 12 month strip briefly broke through $30/MWh a week ago.

Charts

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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.

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