Renewable Generation to Double by 2050
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.
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.
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