Electricity Futures at Year Lows
Natural Gas
Natural gas futures prices continue to trend downward. January 2020 contracts have fallen over 10 cents since last week down to $2.243/MMBtu.
Today’s withdrawal of 73 Bcf was slightly smaller than anticipated and moves total gas in storage 14 Bcf behind the 5 year average.
Electricity
The 30 day average price of real time power is down over $1/MWh from last week to $25.12/MWh.
Electricity futures have plunged lower as the 12 month strip has dropped below $29/MWh. The lowest the strip has been in 2019.
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.
