Weekly Market Energy Report: April 18, 2019

Energy Futures Falling on Warmer Weather

Natural Gas

Natural gas prices continue to fall as more warm weather is expected for much of the east coast. Trading of May futures will end next Friday, currently May is looking to be one of the lowest settles since 2016.

Today the EIA announced an injection of 92 Bcf of gas into storage, moving total gas in storage to only 57 Bcf behind last year.

Electricity

Real time power prices have continued to stay low for the past several weeks. The 30 day average continues to trickle down, now $25.95.

A drop in electric futures this week to accompany the drop in natural gas brought both the 12 and 24 month strip down by around $1/MWh. The 12 month strip is now down to $33.57/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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