Electricity Markets
Forward electric markets saw little change from last week as prices have seemed to stabilize.
More normal temperatures brought on less volatility in daily pricing.
Natural Gas Markets
NYMEX continues to move up for the remaining 2021 closes.
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Futures as of 7/14/2021 versus previous week:| Aug-21 | $3.660 | $0.064 |
| Sep-21 | $3.648 | $0.074 |
| Oct-21 | $3.655 | $0.079 |
| Nov-21 | $3.721 | $0.088 |
| Dec-21 | $3.829 | $0.099 |
| Jan-22 | $3.899 | $0.105 |
Natural Gas Inventory
As of Friday, July 9, 2021 working gas in storage was 2,629 Bcf. According to EIA estimates this represents a net increase of 55 Bcf from the previous week.
The Baker Hughes exploration gas count is up 3 from the previous week for a total of 104 rigs. This is 29 more rigs than the 75 in operation at this time one year ago.
Weather Update
Much cooler temperatures will be seen for most of the CONUS, with the exception of the northern plains region.