Electricity Markets
![](https://www.powermgt.com/wp-content/uploads/2021/01/Temp-vs-Price.png)
Day-ahead pricing remained volatile this week in response to fluctuations in the natural gas market despite above-normal temperatures during the, on average, coldest time of the year.
Natural Gas Markets
![](https://www.powermgt.com/wp-content/uploads/2021/01/NG-YOY.png)
Despite the daily rise and fall observed over the past week, the natural gas market mirrors similar futures to last week’s report.
Futures as of 1/13/2021 versus previous week:Feb-21 | $2.681 | -$0.035 |
Mar-21 | $2.643 | -$0.041 |
Apr-21 | $2.650 | -$0.040 |
May-21 | $2.677 | -$0.034 |
Jun-21 | $2.744 | -$0.020 |
Jul-21 | $2.820 | -$0.010 |
Natural Gas Inventory
![](https://www.powermgt.com/wp-content/uploads/2021/01/Storage.png)
The EIA reported a net withdrawal of 134 Bcf from the previous week. Working gas in storage was 3,1696 Bcf as of Friday, January 8, 2021.
![](https://www.powermgt.com/wp-content/uploads/2021/01/Rig-Count.png)
The Baker Hughes exploration gas count rose by 1 from the previous week for a total of 85 rigs. This is 35 fewer rigs than the 120 in operation at this time one year ago.
Weather Update
![](https://www.powermgt.com/wp-content/uploads/2021/01/Weather-Chart.png)
The NOAA 6-10 day weather forecast predicts cooler than normal weather for much of the contiguous US with a small band of above normal temperatures expected over the Gulf.