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
Weekly Market Update- 10/23/2023
Electricity Markets All forward markets moved down slightly over the past week. Week to week movement continues to be minimal as a lack of big shocks to the market has contributed to lengthy stability.
Weekly Market Update- 10/16/2023
Electricity Markets All forward markets increased over the past week, which was largely driven by the increase in the underlying NYMEX. NY markets in general have experienced a gradual increase since march, largely because of built in premiums as a result of capacity uncertainty.
Weekly Market Update- 10/9/2023
Electricity Markets All forward markets except NY came down over the past week. However, NY and PJM continue to trend upward with time and are slowly consolidating. New England markets showed a sizable decrease, mainly driven by the basis. Extended cold could cause the markets to spike.
Weekly Market Update-10/2/2023
Electricity Markets Forward markets remain mostly flat, if not slightly down across the Northeast. Texas forward markets went up over the last week as heat continues to bake the Southern Plains. Markets continue to remain calm as there are minimal forcing mechanisms moving markets at the moment.