Energy Market Update 4-5-2021
Electricity Markets Forward pricing remained fairly flat over the last week as mild weather has kept the underlying cost of gas stagnant. ERCOT experienced a small bump up in response to rising summer costs.
Energy Market Update 3-29-21
Electricity Markets NYISO, PJM and ISO-NE forward markets are currently trending down in response to continued warmer weather. Energy prices remain competitive for fixed options, particularly in NY. Texas did see a slight rebound up, but a spike similar to February 2021 is not anticipated.
Energy Market Update 3-22-21
Electricity Markets All forward markets are currently in a downward trend in response to continued warmer weather. Energy pricing remains competitive for fixed options, particularly in NY.
Energy Market Update
Electricity Markets Forward pricing in PJM and NYISO has come down in response to continued warmer weather. Rates from this time last year are lower than current forwards. Energy pricing remains incredibly competitive for fixed options.
Energy Market Update
Electricity Markets We have seen Texas come back within normal range as things settle down and are under control. All other markets have seen a decrease over the last week and even compared to a month ago. Rates from this time last year are lower than current forwards.
Energy Market Update
Electricity Markets Aftershocks in the market were present as a result of last week’s cold that impacted the entire U.S. The worst was obviously present in Texas, and ERCOT still has not recovered, but prices for energy in other ISO’s also skyrocketed. This event will certainly change the way people look at the Texas market […]
Energy Market Update
Electricity Markets Cold winter weather has started impacting many different markets, but as you have likely heard, the effects are most severe in Texas. On February 15th, ERCOT declared an Energy Emergency Alert (EEA) level 3, which initiated rolling blackout events. This has been a serious historical energy event for the state. The cold has […]
Energy Market Update
Electricity Markets The widespread extended cold spell is driving the spot markets up and, in turn, the forward markets have followed. These colder temperatures have led to increases across the board, and, if you are on index or variable rate models, you can expect to see higher prices as a result. ERCOT electric prices have […]
Energy Market Update
Electricity Markets February started off cold and is seeing strength in the markets as a result. ISO-NE certainly moved higher on the heels of the significant increase in the Algonquin basis. Similar strength in pricing was observed across the ISOs as the underlying NYMEX costs increased throughout the week. Near-term concerns are really driving these […]
Energy Market Update
Electricity Markets PJM & NYISO electric prices were up just slightly over the report week, while ISO-NE and ERCOT saw larger movements upward.