Weekly Market Energy Report: February 6, 2020

February 10, 2020

February Gas Settles Below $2

Natural Gas

Natural gas prices remain depressed with a lack of winter heating demand. February 2020 contracts settled at $1.877/MMBtu, the second lowest settle of any month in that last decade.

Today’s withdrawal of 137 Bcf brings total gas in storage to 2,609 Bcf. Still 615 Bcf or 30.8% ahead of last year.

Electricity

The 30 day average price of real time power has stayed low with cheap gas prices, currently at $16.36/MWh

Energy futures have pushed lower to new decade lows. The 12 month strip is now down to $26.19/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.

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