Electricity Markets
ISO-NE hit all time high, over $.14 kwh. The overall trend continues to be in the upward direction. PJM and NYISO all rebounded week over week from where they were last week at this time.
Summer heat has moved in and you can see the price deviation in the most recent days.
Natural Gas Markets
All of the future years have shifted up again since last week. The high amounts of natural gas being burned for electric generation because of the high summer temperatures across the country is a contributing factor for the increase in market pricing.
Futures as of 7/20/2022 versus previous week:
|
|
Current |
|
|
Aug-22 |
$7.781 |
$1.092 |
|
Sep-22 |
$7.667 |
$1.078 |
|
Oct-22 |
$7.648 |
$1.074 |
|
Nov-22 |
$7.727 |
$1.050 |
|
Dec-22 |
$7.82 |
$1.031 |
|
Jan-23 |
$7.907 |
$1.024 |
Natural Gas Inventory
Working gas in storage was 2,401 Bcf as of Friday, July 15, 2022. According to EIA estimates this represents a net increase of 32 Bcf from the previous week.
The Baker Hughes exploration gas count remained the same at 155 this week. There are 104 additional rigs in operation than at this time one year ago.
Weather Update
The western part of the country as well as the eastern coast will see above normal temperatures whereas the East inward part of the country will see below normal temperatures.
National Weather Service Updates (NOAA)
Hurricane Watch: Click here to view the National Hurricane Center site.
Equatorial Pacific Outlook: Click here to view La Nina and El Nino status.
Heat Wave Sends Natural-Gas Prices Soaring
Some of the hottest weather on record is lifting natural-gas prices, reversing last month’s plunge and reviving a key driver of inflation.
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Disclaimer: This information is provided for the use of our customers and potential customers. Power Management Company assumes no responsibility or liability for the accuracy or completeness of pricing or information in this document. Historical data was obtained from sources that we believe to be reliable, but we do not guarantee its accuracy or completeness. It is not intended to provide advice or recommendation. Views are subject to change.