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.
Weekly Market Update- 9/25/2023
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.
Weekly Market Update- 9/18/2023
Electricity Markets Forward markets were slightly elevated over the past week, but continue to remain within a normal range. The underlying NYMEX has gone up over the past few weeks, and has driven a slow and steady increase in NY and PJM forward markets. Tighter natural gas storage also contributed to forward market increases over […]
Weekly Market Update- 9/11/2023
Electricity Markets Forward markets were slightly down over the past week. New England has continued to remain stable since the winter. Good underlying market conditions continue to contribute to the strong market. NY and PJM markets continue to tighten as we head into winter. Eroding storage surplus could loom large for markets in the coming […]
Weekly Market Update- 9/4/2023
Electricity Markets Forward markets in the Northeast increased slightly over the past week. Texas forward markets saw a drop, but still remain volatile as the heat sticks around across the South. We could see volatility in forward markets heading into the fall as the natural gas storage surplus erodes.
Weekly Market Update- 8/28/2023
Electricity Markets Forward markets trended slightly downward this week. Forward markets in the Northeast have been flat and calm, mainly because of seasonal weather. Texas continues to remain volatile and saw a large increase over the last week as scorching heat continues to grip the South. The same factors causing volatility in Texas are still […]
Weekly Market Update- 8/21/2023
Electricity Markets Forward markets trended slightly downward this week. Mainly being driven by the NYMEX coming down over the last week. New England has remained stable in spite of oil prices increasing. Texas forward pricing still volatile because of the persistent heat across the Southern United States.