Weekly Market Energy Report: July 16, 2020

July 17, 2020

Electric Prices Climb Higher

Natural Gas

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.

Electricity

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.

Charts

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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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