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May 30, 2019
Natural Gas

Yesterday trading of June 2019 natural gas contracts closed with a rally of over 5 cents to $2.633/MMBtu.

Today's larger than anticipated injection of 114 Bcf of gas into storage caused gas prices to drop sharply, with July 2019 futures falling nearly 8 cents.

Real time power prices are still very cheap despite the 30 day average rising slightly in the past week, now at $22.05/MWh.

A strong rebound in electric futures this week after reaching multi-month lows last week has brought the 12 month electric futures strip up to $34.70/MWh.
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.
The price New York State Electric & Gas Corp. customers pay to have electricity delivered to their homes could rise by 23.7% under a rate plan filed with New York regulators Monday afternoon.
The dent in your wallet: $10.17 a month, according to utility estimates, bringing the average bill to more than $53 monthly.
Rochester Gas and Electric Corp. customers will be hit with a smaller increase in electric delivery rates — 5.4%, $2.86 a month, raising the average bill to about $53 each month.
In the last rate case approved in 2015, NYSEG electric delivery rates increased by 12.8% over the three year term; natural gas 23.5%; RG&E electric rates 11.7%; and natural gas 15.6%, according to securities filings.

Read the full article here

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