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WEEKLY MARKET UPDATE
December 13, 2018
Natural Gas

Bearish trend this week for natural gas futures falling over 35 cents Monday through Wednesday.

This morning Jan 19 contracts were up 14 cents before a smaller than anticipated withdrawal from storage stole the upward momentum. Total gas in storage is still 722 Bcf behind last year.
Electricity

The 30 day average price of power continues to climb and approaches $40/MWh as real time pricing stays propped up by over $4 natural gas prices.

Electricity futures continued to steadily rise following last week's rebound. The 24 month strip reached $35.72 on Tuesday, the highest it has been since December 2016.
 
 
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.
 
Space heating and water heating were the top two energy-consuming uses in U.S. homes in 2015, according to EIA’s latest Residential Energy Consumption Survey (RECS). Space heating consumption can vary considerably by climate and building characteristics, while variation in water heating consumption is driven primarily by the number of occupants in a home.
Household energy consumption varies considerably by the type of home construction. Single-family detached homes accounted for 62% of the occupied residential building stock in 2015, and residents in these homes consumed nearly three times more energy on average than residents living in an apartment building with five or more units. In single-family detached homes, space heating was by far the largest end use at 46% of total consumption. For residents of large apartment buildings, space heating accounted for only 25% of consumption.

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

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