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March 5, 2020
Natural Gas

April 2020 natural gas contracts recovered 14 cents this week leading up to today, making up for losses that occurred at the end of last week.

Today's withdrawal of 109 Bcf of gas lowered total gas in storage to 2,091 Bcf, 9.2% above the five year average.

The 30 day average price of real time power has fallen after last week's rebound. The 30 day average is down to $16.34/MWh.

Energy futures briefly dropped to new lows Monday before rebounding sharply. The 12 month strip is now up 37 cents from last week.
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.
U.S. natural gas consumption increased by 3% in 2019, reaching a record of 85.0 billion cubic feet per day (Bcf/d), according to the U.S. Energy Information Administration’s (EIA) recently released Natural Gas Monthly. New natural gas-fired electric capacity and lower natural gas prices led the increase in domestic natural gas consumption.
U.S. natural gas consumption grew in the electric power sector by 2.0 Bcf/d, or 7%, but remained relatively flat in the commercial, residential, and industrial sectors.
Natural gas continues to account for the largest share of electricity generation after first surpassing coal-fired generation on an annual basis in 2016. In 2019, natural gas accounted for 38% of total electricity generation, followed by 23% for coal and 20% for nuclear.

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