Energy Prices Rebound
Despite falling slightly for two consecutive days, October 2019 futures are up 25 cents in the last two weeks, now to three month highs.
After today’s injection of 84 Bcf, we are closing in on 3,000 Bcf of gas in storage and also the five year average of 3,023 Bcf.
The 30 day average price of real time power is rebounding. Now up over $24/MWh after dropping just below $22/MWh last week.
Electricity futures continue to rise with the resurgence of gas prices. The 12 month strip is up over $1.50/MWh in the last two weeks.
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