Weekly Market Energy Report: July 16th, 2020 - EnergyMark LLC

Weekly Market Energy Report: January 7, 2021

January 8, 2021

Natural Gas Prices Rebound

Natural Gas

Natural gas futures made a strong push this week on colder expected weather in the near term. February 2021 is up over 17 cents this week.

This week’s storage report showed a smaller withdrawal than was anticipated. After the 130 Bcf withdrawal, total gas in storage is now 6% above the 5 year average.

Electricity

Real time power prices are trending slightly higher the past several weeks. The 30 day average is up to $23.03/MWh.

Electricity futures are up slightly from last week after nearly breaking back below $25/MWh to close out 2020. The 12 month strip is now at $26.43/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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