Weekly Market Energy Report: March Futures Rebound
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.
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.
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