Weekly Market Energy Report: March 7, 2019

March 8, 2019

 

Weekly Market Energy Report: Electric Futures Hold Despite Gas Futures Increase

Natural Gas

March 2019 futures contracts settled last week at $2.855/MMBtu. April 2019 contracts are up roughly 5 cents since taking over as the prompt month last week.

The separation between the 12 and 24 month strip has grown to levels we haven’t seen since early January, now at a 14 cent discount for the longer term.

Electricity

Real time power prices have remained low as we get closer to the end of February. The 30 day average has fallen further, now down to $25.43/MWh.

The downward momentum of electricity futures has stalled for both strips. The 12 and 24 month strips are remaining tight to each other, currently separated by just 3 cents.

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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