Remember to add us to your safe senders list!
February 6, 2020
Natural Gas

Natural gas prices remain depressed with a lack of winter heating demand. February 2020 contracts settled at $1.877/MMBtu, the second lowest settle of any month in that last decade.

Today's withdrawal of 137 Bcf brings total gas in storage to 2,609 Bcf. Still 615 Bcf or 30.8% ahead of last year.

The 30 day average price of real time power has stayed low with cheap gas prices, currently at $16.36/MWh

Energy futures have pushed lower to new decade lows. The 12 month strip is now down to $26.19/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.
For years now, the auto industry has been working to offer consumers an alternative to gasoline engines. Environmental concerns regarding C0-2 emissions led to the rise of stricter regulations in the late 2000s which pressured auto makers to build fuel-savings models of cars. The result from these regulations were mostly limited to smaller vehicles such as the Chevrolet Bolt and Nissan Leaf. These smaller vehicle offerings unfortunately failed to gain broader appeal and sales have remained relatively low.
On the other hand, in the past year more than 70% of all U.S car sales came from SUVs, crossovers, and pickups, causing automakers to restructure their plans for electric vehicles. While once limited to smaller models, improved EV technology is "enabling car companies to build more powerful battery packs that can move larger vehicles and provide more travel range on a single charge." This improved EV technology is the driving force behind the shift to larger electric vehicles.
In 2019, consumers only had 38 models of plug-in hybrid and battery electric SUVs to choose from. By 2022 consumers will have 78 models to choose from, including electrified versions of popular nameplates such as the Jeep Wrangler, Ford F-150 and the Toyota RAV4.
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!

Email Marketing by ActiveCampaign