Weekly Market Energy Report: November 19, 2020

November 20, 2020

Downward Momentum on Natural Gas

Natural Gas

Plenty of downward momentum in natural gas this week on expectations of warmer temperatures. The 12 month strip is down nearly 40 cents from Friday.

This week’s storage report showed a much larger injection than anticipated, adding to the momentum downward. Total gas in storage is now 6% ahead of the 5 year average.

Electricity

Real time power prices have trended lower in the last 2 weeks, the 30 day average has fallen over $2.50/MWh since November 5th.

Electric futures have had big swings in both directions for a couple weeks, overall seeming to trend downward with gas. The 12 month strip is down to $29.17/MWh.

Charts

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Disclaimer
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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