Weekly Market Energy Report: September 10, 2020

September 11, 2020

October Gas Down on Lower Demand

Natural Gas

October 2020 gas futures are down over 8 cents from last week, settling at $2.406/MMBtu on Wednesday.

Today’s injection of 70 Bcf was slightly larger than expected and lifted total gas in storage to 3,525 Bcf, 13% above the 5 year average.

Electricity

The 30 day average price of real time power continues to trend downward, falling almost another $0.80/MWh to $22.44/MWh.

Power futures are up slightly from a week ago as the market continues to be seek direction. The 12 month strip settled Wednesday at $30.06/MWh.

Charts

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