Weekly Market Energy Report: March 2018 Futures Dropping
Natural Gas
March 2018 futures have fallen nearly 50 cents since taking over as the prompt month.
The 12 month strip has fallen roughly 25 cents in the last 10 days down to $2.83/MMBtu. Today’s storage report of a 119 Bcf withdrawal brought gas in storage to 2,078 Bcf, now 503 Bcf less than last year’s levels.
Electricity
The 30 day average price of power is down over $25/MWh from last week as real-time power prices continue to be low so far in February.
The futures strips continued to fall this week after last week’s big drop. The 12 month strip is down another 75 cents to $29.52/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.
