Weekly Market Energy Report: August 15, 2019

Energy Prices Rebound

Natural Gas

Gas futures have regained upward momentum this week after the 12 and 24 month strips reached more than 3 year lows on Monday.

Following today’s smaller than expected storage announcement, September gas rose over 10 cents. Total natural gas in storage is now at 2,738 Bcf, 357 Bcf ahead of last year.

Electricity

The 30 day average of real time power is down about $1/MWh from last week as mild weather has prevented any sustained price jumps.

Electricity futures have trickled slightly lower from last week. The 24 month strip is down 50 cents from last week to $31.29/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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