Weekly Market Energy Report: July 16th, 2020 - EnergyMark LLC

Weekly Market Energy Report: February 11, 2021

February 12, 2021

Renewable Generation to Double by 2050

Natural Gas

Natural gas futures continue to push higher this week. The 12 month strip broke $3/MMBtu last week for the first time in 3 months. The strip has since hovered around that $3 mark.

Today’s withdrawal of 171 Bcf from storage brings total gas in storage to 2,518 Bcf which is 9 Bcf below storage levels at this time last year.

Electricity

Real time power prices remained steady until cheap prices yesterday dragged the 30 day average down over $1/MWh to $22.53.

Electricity futures dropped off after last week’s spike of over $2/MWh. The 12 month strip is down nearly $2/MWh from this time last week.

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.

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