Weekly Market Energy Report: June 25, 2020

June 26, 2020

Natural Gas Prices Continue to Fall

Natural Gas

Natural gas futures continue to fall in anticipation of weakened demand. July 2020 contracts are down another 10+ cents today prior to their final settlement tomorrow.

Today’s injection of 120 Bcf of gas into storage was much larger than expected and raised total gas in storage over 3 Tcf, 18% 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 $2/MWh from last week.

Power futures are down slightly from last week. The 12 month strip is down 42 cents from last week to $26.91/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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