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