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WEEKLY MARKET UPDATE
December 19, 2019
Natural Gas

Natural gas futures prices are up slightly from last week. January 2020 futures are up over 4 cents from last week.

Today's withdrawal of 107 Bcf was larger than expected and dropped total gas in storage to 3,411 Bcf, still 618 Bcf ahead of last year.
Electricity

The 30 day average price of real time power is down from last week over $1/MWh to $23.35/MWh.

Energy futures reached their lowest point in a decade on Monday, reaching as low as $28.37/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.
AMHERST, N.Y. (WIVB)–The New York State Public Service Commission has issued new regulations that could help lower utility bills, especially for residential customers. The new rules are designed to help consumers choose the best Energy Services Company, or ESCO, to fit their needs.
Gary Marchiori, president of Amherst-based EnergyMark says the PSC’s new regulations are good for consumers.
"They will have a reliable supply at a guaranteed savings and they can opt for a fixed price during a period of some of the lowest energy prices–both electric and gas–that we have seen this decade."
Marchiori suggests consumers look for a local ESCO, and one that can guarantee the supply cost will be lower than what the utility is charging.
"Look for someone who is providing a guaranteed savings program, and I would not hesitate to fix prices, for electric or natural gas, as we are near 10 year lows for price."

Read the full article here
 
WEATHER WATCH
 
NOAA 8-14 Day Outlook
NOAA 30 Day Outlook
 
Check out this video explaining community solar from the New York State Energy Research and Development Authority!
 
 
 
 

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