Weekly Market Energy Report: July 12, 2019

Energy Prices Rebound

Natural Gas

Natural gas prices have rebounded in recent weeks. August 2019 contracts are up more than 10 cents since they became the prompt month two weeks ago.

Yesterday’s injection of 81 Bcf was slightly larger than anticipated. This raises total gas in storage to 2,471 Bcf, 275 Bcf ahead of this time last year.

Electricity

Real time power prices have increased with higher power demand. The 30 day average is now up to $33.63/MWh.

Electric futures have rebounded alongside natural gas after reaching multi-month lows. The 12 month strip is now up to $33.94/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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