Weekly Market Energy Report: Gas Prices Fall on Mild Weather
Natural Gas
January 2019 contracts fell nearly 60 cents and dropped below $4/MMBtu between Friday and Monday. The prompt month has since struggled to get back to $4/MMBtu.
This morning’s larger than anticipated withdrawal from storage gave the market a boost but it was short lived as this January’s contracts are now down around 5 cents on the day.
Electricity
Mild weather has provided relief for real time electricity prices in New York. The 30 day average has dropped over $2.50/MWh from last week.
A slight downturn in electricity futures followed the drop in natural gas prices this week. The 12 month strip fell 77 cents to $37.38/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.
