Electricity Futures at Year Lows
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.
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.
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