Electric Futures Push New Lows
April 2020 continues to trade towards the bottom of it’s range this week. On Monday, April 2020 futures fell to the lowest prompt month settle in 27 years at $1.602/MMBtu.
Today’s withdrawal of 29 Bcf of gas lowered total gas in storage to 2,005 Bcf, 17% above the five year average.
The 30 day average price of real time power continues to fluctuate tightly around $16/MWh, down 55 cents from last week.
Power futures continue to push into new lows. The 12 month strip fell below $24/MWh yesterday to $23.89/MWh.
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