Electricity Markets
![](https://www.powermgt.com/wp-content/uploads/2021/06/fwd-elec-1.jpg)
All markets saw a move up in forward electric rates. Besides the February 2021 spikes, rates are now the highest they have been in over a year.
![](https://www.powermgt.com/wp-content/uploads/2021/06/weather-vs-price.jpg)
This past week was quiet with little volatility but as warmer temperatures come on, electric markets could react.
Natural Gas Markets
![](https://www.powermgt.com/wp-content/uploads/2021/06/nymex-1.jpg)
NYMEX rates are in the upper range of normal for the remainder of 2021, and are now trading above $3.00.
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Futures as of 6/1/2021 versus previous week:Jul-21 | $3.075 | +$0.048 |
Aug-21 | $3.094 | +$0.049 |
Sep-21 | $3.086 | +$0.046 |
Oct-21 | $3.102 | +$0.045 |
Nov-21 | $3.159 | +$0.037 |
Dec-21 | $3.281 | +$0.040 |
Natural Gas Inventory
![](https://www.powermgt.com/wp-content/uploads/2021/06/storage-1.jpg)
As of Friday, May 28, 2021 working gas in storage was 2,313 Bcf. According to EIA estimates this represents a net increase of 98 Bcf from the previous week.
![](https://www.powermgt.com/wp-content/uploads/2021/06/rig-count-1.jpg)
The Baker Hughes exploration gas count is down 1 from the previous week for a total of 97 rigs. This is 20 more rigs than the 77 in operation at this time one year ago.
Weather Update
![](https://www.powermgt.com/wp-content/uploads/2021/06/weather-1.jpg)
Most of the north and central CONUS are expected to see much warmer temperatures with the south and west coast seeing cooler than normal temperatures.