Share
Remember to add us to your safe senders list!
WEEKLY MARKET UPDATE
July 20, 2018
Natural Gas

August 2018 futures continue falling for the third consecutive week. Down another 6 cents to $2.769/MMBtu.

Yesterday's storage injection of 46 Bcf was well below expected, bringing total gas in storage to 2,249 Bcf, 710 Bcf less than this time last year.
Electricity

The 30 day average price of power rose sharply from last week, up $3.70/MWh from last week to $34.16/MWh.

Electricity futures dipped slightly this week after weeks of steadily climbing. The 12 month strip fell 26 cents from last week to $31.31/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.
 
Gas-fired power is likely to continue to dominate U.S. electricity generation this summer while coal-fired generation continues to lose market share, according to the Energy Information Administration's (EIA) most recent Short Term Energy Outlook (STEO).
The EIA report says gas-fired power plants are on track to supply 37% of the electricity produced this summer, coming close to the record hit in the summer of 2016.
The primary driver in the rise of gas-fired generation has been the price of natural gas. The agency, part of the U.S. Department of Energy, forecasts the average cost of gas as 2% lower than the average cost last summer. In the three years between 2015 to 2017, the cost of natural gas delivered to electric generators averaged $3.16 per million Btu (MMBtu) compared with $7.69/MMBtu between 2006 and 2008, according to the EIA.
WEATHER WATCH
 
NOAA 8-14 Day Outlook
NOAA 30 Day Outlook
 
 
 
 

Email Marketing by ActiveCampaign