Energy Prices Rebound
After two down days and a larger than anticipated injection of gas into storage, October 2019 contracts have fallen over 10 cents.
After yesterday’s injection of 84 Bcf, total gas in storage is now 3,103 Bcf, 12% higher than this time last year.
The 30 day average price of real time power has fallen more than $3/MWh since lat week, now down to $20.74.
Electricity futures are down from last week. The 12 month strip is down $1.83/MWh, the lowest it has been since May of 2018.
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