Weekly Market Energy Report: July 9, 2020

July 10, 2020

Natural Gas Prices Rebound

Natural Gas

Natural gas futures have made a big recovery in the last two weeks. The 12 month strip has risen 20 cents since June 28th.

Today’s injection of 56 Bcf of gas into storage was in line with estimates and brought total gas in storage to 17% above the 5 year average.

Electricity

The 30 day average price of real time power continues to climb with summer cooling demand, up more than $3/MWh from 2 weeks ago.

Power futures are creeping up slightly with added momentum from natural gas prices rebounding. The 12 month strip is up to $27.62/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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