Energy Prices Rebound
Natural gas futures continue to climb after remaining at 3 year lows for several weeks. The 12 month strip is up over 15 cents in the last two weeks.
A larger than anticipated injection created a short-lived fall in the market. Total gas in storage is now 383 Bcf ahead of last year.
The 30 day average price of real time power has fallen over $2/MWh from last week with more mild temperatures.
Electricity futures rebounded following the rise in gas prices. The 12 month strip is up nearly $1/MWh from this time last week.
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