Electric Prices Climb Higher
Natural gas futures have slipped backwards after a strong recovery in weeks prior. August 2020 contracts are down 4.6 cents from last week.
Today’s injection of 45 Bcf of gas into storage was lower than expected and brought total gas in storage to 16% above the 5 year average.
The 30 day average price of real time power continues to climb with summer cooling demand, up nearly another $3/MWh from 2 weeks ago.
Power futures keep slowly creeping upward. The 12 month strip is up another 26 cents from last week to $27.62/MWh.
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