Electricity Markets
![](https://www.powermgt.com/wp-content/uploads/2021/06/fwd-elec-2.jpg)
All forward electric markets saw a steep move up this past week.
![](https://www.powermgt.com/wp-content/uploads/2021/06/temp-v-elec.jpg)
Warmer than normal temperatures over the week brought on higher electric rates and more volatility.
Natural Gas Markets
![](https://www.powermgt.com/wp-content/uploads/2021/06/nymex-2.jpg)
NYMEX continues to remain elevated compared to last year’s rates.
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Futures as of 6/9/2021 versus previous week:Jul-21 | $3.129 | +$0.054 |
Aug-21 | $3.144 | +$0.050 |
Sep-21 | $3.137 | +$0.051 |
Oct-21 | $3.157 | +$0.055 |
Nov-21 | $3.223 | +$0.064 |
Dec-21 | $3.339 | +$0.058 |
Natural Gas Inventory
As of Friday, June 4, 2021 working gas in storage was 2,411 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-2.jpg)
The Baker Hughes exploration gas count is down 1 from the previous week for a total of 96 rigs. This is 20 more rigs than the 76 in operation at this time one year ago.
Weather Update
![](https://www.powermgt.com/wp-content/uploads/2021/06/weather-2.jpg)
The east coast is predicted to have colder than normal temperatures for the upcoming week versus the west coast which will be experiencing an extreme heat.