Weekly Market Energy Report: March Futures Rebound
Natural Gas
March futures contracts rebounded this week after consecutive weeks of downward movement. The prompt month contract’s final close will be on Monday.
Yesterday’s slightly larger than anticipated storage withdrawal was not enough to keep March 2018 contracts from falling once again, down 2.5 cents on Thursday.
Electricity
The 30 day average price of power continues to fall with low real time power prices in the month of February, now less than half of where it was 3 weeks ago at $24.58/MWh.
The 12 and 24 month strip is at nearly the same level as last week, down only 2 and 1 cents per megawatt hour respectively.
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.
