Electricity Markets
All electric markets saw a bump up in rates over the last week. Continued geopolitical tensions and a mix of temperatures have led to the increases.
Large swings in daily temperatures have caused a lot of volatility in the markets this past week.
Natural Gas Markets
NYMEX was back up, well over the $4 mark for the remainder of 2022.
Futures as of 2/16/2022 versus previous week:| Mar-22 | $3.999 | $.718 |
| Apr-22 | $3.963 | $.609 |
| May-22 | $3.992 | $.590 |
| Jun-22 | $4.04 | $.583 |
| Jul-22 | $4.094 | $.577 |
| Aug-22 | $4.107 | $.571 |
Natural Gas Inventory
Working gas in storage was 1,911 Bcf as of Friday, February 11, 2022. According to EIA estimates this represents a net decrease of 190 Bcf from the previous week.
The Baker Hughes exploration gas count came in at 124 this week, which was up six from last week. There are 34 more rigs in service compared to this time last year.
Weather Update
Most of the country will see below normal temperatures. The Mid West will see some extremes colds, while the South East will be well above normal.