Weekly Market Energy Report: June 13, 2019

Gas Strip at 3 Year Lows

Natural Gas

Downward pressure on natural gas prices persists and is continuing to push July 2019 prices towards $2.30/MMBtu. The 12 month strip is currently at more than a three year low at $2.535/MMBtu.

Today’s injection of 102 Bcf raised total gas in storage to 2,088 Bcf, 189 Bcf ahead of last year’s level.

Electricity

Despite being up more than $2/MWh from last week, the 30 day average price of power is still low at only $22.68/MWh.

Electric futures have crept further downward following last week’s sharp fall of more than $2/MWh. The 12 month strip is now $32.38/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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