Gas Futures Fall Again
Strong bearish sentiment in the natural gas market this week has brought futures down. The 12 month strip is down over 5 cents from last week.
Today’s injection of 100 Bcf of gas into storage raises total gas in storage to 137 Bcf above last years levels.
Real time power prices remain cheap as we continue to wait for warmer temperatures. The 30 day average is $21.26/MWh.
A small down tick in electric futures following last week’s modest rise. The 12 month strip is down 21 cents from last week to $33.60/MWh.
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