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WEEKLY MARKET UPDATE
August 27, 2020
Natural Gas

September 2020 gas futures had a strong rally into settle today. Final close this afternoon was $2.597/MMBtu.

Today's injection of 45 Bcf was slightly smaller than anticipated. Total gas in storage is now up to 3,420 Bcf, 15% above the 5 year average.
Electricity

The 30 day average price of real time power continues to fall, down over another $2.50/MWh from last week.

Power futures are down slightly this week after the 12 month strip briefly broke through $30/MWh a week ago.
 
 
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.
In 2019, U.S. shipments of solar photovoltaic (PV) modules, also referred to as solar panels, reached a record-high 16.4 million kilowatts (kW), 2.9 million kW more than the previous record of 13.5 million kW set in 2016. Solar PV module shipments include imports, exports, and modules produced and sold domestically, but they exclude modules shipped for resale. These shipments have steadily increased since 2006, driven by significant price declines and policy incentives that encourage solar PV installation.
The cost of PV modules has declined significantly since 2006, helping drive the growth of solar module shipments. The average value of solar PV module shipments, a proxy for price, decreased from $3.50 per peak watt in 2006 to $0.40 per peak watt in 2019.
Higher module efficiency, greater labor productivity, and lower supply chain costs are largely responsible for the declines in the average value of solar PV modules. Recent declines in the price of modules and components that started in mid-2016 are related, in part, to both global oversupply resulting from decreased demand in China and increased cost-competitiveness within the industry.

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

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