Weekly Market Energy Report: May 23, 2019

Gas Futures Fall Again

Natural Gas

Strong bearish sentiment in the natural gas market this week has brought futures down. The 12 month strip is down over 5 cents from last week.

Today’s injection of 100 Bcf of gas into storage raises total gas in storage to 137 Bcf above last years levels.

Electricity

Real time power prices remain cheap as we continue to wait for warmer temperatures. The 30 day average is $21.26/MWh.

A small down tick in electric futures following last week’s modest rise. The 12 month strip is down 21 cents from last week to $33.60/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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