Electricity Markets
Forward electric continues its upward trajectory across all ISOs as winter costs climb higher.
![](https://www.powermgt.com/wp-content/uploads/2021/09/Temp-vs-Price-1.png)
Volatility returned to the daily markets as temperatures spiked above normal.
Natural Gas Markets
![](https://www.powermgt.com/wp-content/uploads/2021/09/NG-YOY-1.png)
Natural gas costs rose substantially week over week throughout the remainder of 2021 and the first quarter of 2022.
Futures as of 9/15/2021 versus previous week:Oct-21 | $5.308 | +$0.394 |
Nov-21 | $5.347 | +$0.385 |
Dec-21 | $5.445 | +$0.399 |
Jan-22 | $5.511 | +$0.408 |
Feb-22 | $5.426 | +$0.441 |
Mar-22 | $5.082 | +$0.473 |
Natural Gas Inventory
As of Friday, September 10, 2021 working gas in storage was 3,006 Bcf. According to EIA estimates this represents a net increase of 83 Bcf from the previous week.
The Baker Hughes exploration gas count is down one from the previous week for a total of 100 rigs. This is 27 more rigs than the 73 in operation at this time one year ago.
Weather Update
![](https://www.powermgt.com/wp-content/uploads/2021/09/Weather-Chart.png)
Warmer than normal temperatures are expected across much of the Western US with seasonally normal temperatures expected along East Coast.