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WEEKLY MARKET UPDATE
August 13, 2020
Natural Gas

Natural gas futures fell over 8 cents on Monday following last week's strong rally. September 2020 contracts are down 3.9 cents from last week.

Today's injection of 58 Bcf was larger than anticipated. Total gas in storage is now up to 3,332 Bcf.
Electricity

The 30 day average price of real time power has dipped back below $30/MWh, down just shy of $3 from last week.

Power futures are up slightly from last week. The 12 month strip is up $0.23/MWh from this time 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.
Natural gas-fired generation in the Lower 48 states increased nearly 55,000 gigawatthours (GWh), or 9%, in the first half of 2020 compared with the first half of 2019. Natural gas was the fastest-growing source of electric power generation, according to data from the U.S. Energy Information Administration (EIA)
The increase in natural gas-fired generation was the result of recent low prices and natural gas-fired power capacity additions, despite a 5% decline in total electricity generation. The decrease in electricity consumption resulted from reduced business activity as a result of COVID-19 mitigation efforts. Natural gas-fired generation from electric power plants reached record-high levels on July 28 as summertime heat began reaching its seasonal peak.

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


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