Weekly Market Energy Report: Gas Up Slightly Facing Another Polar Vortex
March 2019 futures contracts are up over 10 cents from last week after now rising another 5 cents today. Last day of trading for March 2019 will be on Tuesday.
This morning the EIA announced a larger than expected withdrawal of 177 Bcf. This helped to continue to lift futures contracts on the day.
Real time power prices have remained low as we get closer to the end of February. The 30 day average had fallen further from last week now down to $28.01/MWh.
Electricity futures are down from last week as they continue to slowly retreat from this winter’s spike. The 12 month strip is down nearly $1 from last week to $34.84/MWh.
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