Electricity Markets
ISO-NE jumped again since last week, now over $.15 kwh. PJM and NYISO remain fairly stable since last week.
We experienced summer heat last week, and the energy prices reflect of this, as they deviate from normal.
Natural Gas Markets
July 2022 closed at $8.676. Going into next winter we see pricing remain flat. 2023 and 2024 have not moved much since previous weeks.
Futures as of 7/27/2022 versus previous week:
| Current | ||
| Sep-22 | $8.554 | $0.773 |
| Oct-22 | $8.526 | $0.859 |
| Nov-22 | $8.603 | $0.955 |
| Dec-22 | $8.695 | $0.968 |
| Jan-23 | $8.76 | $0.940 |
| Feb-23 | $8.302 | $0.736 |
Natural Gas Inventory
Working gas in storage was 2,416 Bcf as of Friday, July 22, 2022. According to EIA estimates this represents a net increase of 15 Bcf from the previous week.
The Baker Hughes exploration gas count remained the same at 157 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.
New England winter natural gas prices top $40 as global LNG market tightens
inter gas prices in New England are hitting record highs in recent trading as the import-reliant region prepares to compete for LNG cargoes in a global market under pressure from strong demand in Europe .
US became world’s biggest LNG exporter in first half of 2022: EIA
The US became the world leader in LNG exports during the first half of 2022 as high global prices, the European energy crisis and new US export facilities drove record shipments, the US Energy Information Administration said July 25.
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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.