Weekly Market Energy Report: August 1, 2019

Energy Prices Rebound

Natural Gas

August 2019 reached its final settle on Monday, falling 2.8 cents to $2.141/MMBtu. This set a 38 month low for the prompt month fueled by milder temperatures.

After two days of rebounding, a larger than expected injection this morning stifled any upward momentum. Total gas in storage is now 334 Bcf above this time last year.

Electricity

Real time power prices are trending back down after being elevated by high temperatures for over a week. The 30 day average is now $30.29/MWh.

Electricity futures are bouncing around a bit with the rebound of natural gas. Overall futures are still down from last week with the 12 month strip at $31.94/MWh.

Charts

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Disclaimer
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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