February Gas Falls Below $2
Natural Gas
Natural gas prices have plunged through support levels as February 2020 prices have fallen below $2/MMBtu.
Today’s withdrawal of 92 Bcf was slightly larger than expected but did not give a boost to the market. Total gas in storage is now 554 Bcf above last year.
Electricity
The 30 day average price of real time power has continued to fall as prices remain unseasonably low. The 30 day average is now down to $16.13/MWh.
Energy futures continue to hang around decade lows. These lows are somewhat mitigated by increased capacity costs in New York.
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.
