Weekly Market Energy Report: August 10, 2019

Energy Prices Rebound

Natural Gas

November 2019 gas contracts continue their slide that began at the beginning of this month, now down 10 cents from October 1st.

Today’s injection of 98 Bcf of gas into storage made little impact to the market. Total gas in storage is now only 9 Bcf behind the 5 year average.

Electricity

The 30 day average price of real time power had little movement from last week as variable power prices have been steady. The 30 day average price of power is $27.13/MWh.

Electricity futures rebounded slightly after reaching more than 12 month lows last week. The 12 month strip is now at $30.91/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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