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WEEKLY MARKET UPDATE
January 14, 2021
Natural Gas

Natural gas futures are up again slightly from last week. Rumors of a possible polar vortex are adding some uneasiness into the market but have not caused any major shakeups this week.

Despite a slightly larger than expected withdrawal from storage, natural gas futures are now trending slightly downward today.
Electricity

Real time power prices continue to trend higher this week as they have for several weeks now. The 30 day average is up to $24.18/MWh.

Electricity futures are up slightly from last week after a brief drop and correction back. The 12 month strip is up to $27.11/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.
Wind and solar make up a small share of U.S. electricity production today, but they're poised to supply 70 percent of new power plant capacity built this year.
Solar will deliver the most new capacity, with 39 percent, according to the latest tally by the U.S. Energy Information Administration. Wind follows close behind with 31 percent. The long-awaited Vogtle nuclear plant in Georgia could finally wrap up one of its reactors this year, contributing another 3 percent. And battery storage will grow to 11 percent of new capacity, with a carbon impact determined by the cleanliness of the electricity that charges them.
Natural gas, the dominant fuel source for U.S. electricity, is expected to account for 16 percent of new power plant capacity.

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

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