Weekly Market Energy Report: June 1, 2018 - EnergyMark LLC

Weekly Market Energy Report: June 1, 2018

June 5, 2018


Weekly Market Energy Report: Warm Weather Boosts NY Electricity

Natural Gas

On Tuesday, during its last day of trading, June 2018 futures fell over six cents to settle at $2.875/MMBtu.

Yesterday the natural gas market recovered the ground it lost earlier in the week. A smaller than anticipated injection report continued to lift futures, with July 2018 up roughly six cents.


High temperatures have caused several power price spikes this week. The 30 day average price of power has now risen over $4/MWh from last week to $26.84/MWh.

Both the 12 and 24 month electricity futures strips are up again from last week and the gap between the two continues to grow.


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