Weekly Market Energy Report: August 8, 2019

Energy Prices Rebound

Natural Gas

Gas futures again tested lower support levels after strong down days Friday and Monday following a rebound last week. September 2019 futures reached as low as $2.029/MMBtu.

Today’s slightly smaller injection of gas into storage moves total gas in storage 343 Bcf ahead of this time last year.

Electricity

No jumps to the price of real time power due to mild weather has kept the 30 day average steady, currently at $29.30/MWh.

Electricity futures are relatively unchanged from last week. The 12 month strip is down only 4 cents from last week to $31.90/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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