Weekly Market Energy Report: October 22, 2020

October 23, 2020

November Gas Eclipses $3

Natural Gas

November 2020 gas eclipsed $3/MMBtu yesterday after 3 straight days of movement upwards. This is the first time the prompt month has settled above $3 since January 25th 2019.

Today’s injection of 49 Bcf was slightly smaller than anticipated. Total gas in storage is now only 9% above the 5 year average.

Electricity

Real time power prices have stayed steady in the last two weeks. The 30 day average has stayed below $16/MWh for several weeks now.

The 12 month electric futures strip continues to bounce back and forth just below the $30/MWh threshold, now at $29.66/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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