Weekly Market Update- 1/1/2024
Electricity Markets As expected, another mild week kept forward markets at the lowest levels seen since mid-2021. Strong forward markets expected to continue in the coming weeks.
Weekly Market Update- 12/25/2023
Electricity Markets Forward markets slightly rebounded from last weeks drop off, but still remain at optimal levels. Prospect of a mild winter and strong storage could keep forward markets in a strong position for the coming weeks and beyond.
Weekly Market Update- 12/18/2023
Electricity Markets All forward markets saw a sizable drop over the past week, mainly driven by warm weather, strong storage and increased gas production. New England forward markets saw one of their largest week over week decreases since last winter.
Weekly Market Update- 12/11/2023
Electricity Markets New England markets slightly trended up last week, while all other forward markets were down week over week. PJM and NY have nearly converged to smallest difference since early 2021. All forward markets have generally been flat or trending down over the past few months.
Weekly Market Update- 12/4/2023
Electricity Markets Forward markets trended downward generally over the past 2 weeks. Texas markets briefly surpassed New England markets for only the third time since mid-2020. New England market continues a strong downward slide, mainly driven by a lack of major weather events. All forward markets consolidating to smallest margins since mid-2021
Weekly Market Update- 11/20/2023
Electricity Markets Forward markets increased slightly over the past week. New England saw its first week over week increase in almost a month. There has been plenty of daily variability in forward pricing, but week to week the changes have been minimal. No big moves expected in forward markets over the next week as we […]
Weekly Market Update- 11/13/2023
Electricity Markets Forward markets across all regions were down from last week. New England saw the largest decrease, which is being driven by a drop in the Algonquin basis. Forward markets could stay stable for the near future as warmer weather is on the horizon, coupled with NYMEX prompt month prices near $3/dth.
Weekly Market Update- 11/6/2023
Electricity Markets Forward markets in New England were down for a 3rd week in a row, while PJM and NY were up over last week. Texas has remained stable over the past few weeks after a volatile summer, but still at highest levels since last December. PJM and NY have continued their general upward trend. […]
Weekly Market Update- 10/30/2023
Electricity Markets Forward markets were slightly down for a second week in a row. New England forward pricing currently sits at lowest pricing since August of 2021, driven by low spot pricing and low gas prices