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WEEKLY MARKET UPDATE
June 8, 2018
Natural Gas

July 2018 futures finished last week showing strength before giving up what it had gained this week on Monday and Tuesday.

Yesterday morning gas futures were gaining upward momentum before a larger than expected storage injection took the wind out of their sails.
Electricity

Continued high power prices through the end of last week and beginning of this week lifted the 30 day average higher to $30.08/MWh.

The 24 month strip shrank the gap to the 12 month strip, rising 19 cents from last week while the 12 month only rose by 2 cents.
 
 
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.
 
From 1990 through 2009, RECS estimated consumption and expenditures for four end-use categories: space heating, air conditioning, water heating, and refrigerators; the remainder was aggregated as other. As certain appliances and equipment have become more prevalent in homes, this remainder category became a larger share of residential energy consumption, especially for electricity.
In 2015, nearly half of residential electricity consumption fell into the other category. Adding several new characterizations of end uses provides a better accounting of energy use in homes, and now RECS attributes only 13% of residential electricity consumption to end uses not elsewhere classified.
These end uses and several other itemized estimates collectively cover 87% of residential electricity use. The remaining category not elsewhere classified combines a number of end uses that are not publishable individually, such as computers, smartphones, and small kitchen appliances, as well as consumption from end uses not captured on the RECS Household Survey.
WEATHER WATCH
 
NOAA 8-14 Day Outlook
NOAA 30 Day Outlook
 
 
 
 

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