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WEEKLY MARKET UPDATE
March 14, 2019
Natural Gas

Natural gas futures prices fell Monday on weakening demand. They've since regained most of their losses as they're up again today.
Despite a smaller than anticipated withdrawal from storage, natural gas storage levels are now the lowest they've been since 2014 at 1,186 Bcf.
Electricity

Real time power prices are up slightly from last week but still low. The 30 day average is now at $25.88/MWh.

Electricity futures dropped off a bit this week, down about 70 cents from the week prior. The 12 and 24 month strips remain close, separated by only 9 cents.
 
 
12 & 24 Month NYMEX Strip
12 & 24 Month Zone A Power Strip
 
 
 
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.
 
Based on EIA’s December 2018 monthly electric generator inventory of utility-scale generation, 31.3 gigawatts (GW) of generating capacity were added in the United States in 2018 and 18.7 GW of capacity were retired. The 2018 annual capacity additions were the largest since 48.8 GW were added in 2003.
U.S. utility-scale additions in 2018 primarily consisted of natural gas (62%), wind (21%), and solar photovoltaic (16%) capacity. The remaining 2% of additions came primarily from hydroelectric and battery storage capacity.
  • Natural gas. Almost 90% of the 19.3 GW of the natural gas-fired capacity in the United States added in 2018 were combined-cycle generators, the most efficient natural gas-fired generating technology.
  • Wind. Texas, Iowa, and Oklahoma added a combined 4.0 GW of wind capacity, more than 60% of total U.S. wind additions.
  • Solar. About 60% of the 4.9 GW of U.S. solar photovoltaic (PV) additions in 2018 occurred in California (1.1 GW), Florida (1.0 GW), and North Carolina (0.6 GW).

Read the full article here
WEATHER WATCH
 
NOAA 8-14 Day Outlook
NOAA 30 Day Outlook
 
 
 
 


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