Market Energy Report: Futures Continue To Fall
Natural Gas
January 2017 futures made a brief rally on Monday of over 13 cents before falling again, now into the low $2.60’s.
Yesterday the EIA announced a larger than expected 182 Bcf withdrawal from storage. This gave the market a short boost before finishing down 4 cents on the day.
Electricity
Real time power prices were cheap this week causing the 30 day average to fall. The 30 day average price of power is now $23.90/MWh.
Electricity futures continued to fall this week to record lows. Both the 12 and 24 month strips are now below $29/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.
