Energy Market Update
Electricity Markets New York experienced isolated volatility in daily pricing but saw little change week over week in the forward average. Texas took another upward leap and is at its highest level since the first week of June.
Electricity Markets New York experienced isolated volatility in daily pricing but saw little change week over week in the forward average. Texas took another upward leap and is at its highest level since the first week of June.
Electricity Markets Most zones saw relatively flat pricing this week. Some day to day volatility tied back to the NYMEX futures.
Electricity Markets New England and New York saw decreases in forward pricing. The 12-month average is primarily driven by the near-term months of November to February; outward months and years are still opportune.
Electricity Markets ERCOT has once again risen above PJM pricing and ISO-NE has seen another sharp increase this week. This continued trend can be linked to the underlying cost of natural gas.
Electricity Markets Electric pricing is up across all markets. New England has extended its steep upward movement with the increase largely tied to the underlying price of natural gas. New York is up from some of the lows that we’ve seen but the opportunity for good forward pricing remains.