Weekly Market Update- 2/13/2023
Electricity Markets Forward pricing stabilized this week after increased withdrawals from storage and a return to more seasonal winter temperatures.
Weekly Market Update- 2/6/2023
Electricity Markets The electric market continued it’s downward trend week-over-week. The underlying cost of gas saw its own dip in light of mild weather and continuing strong storage numbers. Twelve-month forward average rates now mirror costs not seen since mid-2021.
Weekly Market Update- 1/30/2023
Electricity Markets The downward trend in the market continued this week as the underlying cost of gas tumbled even further in the near-term. The forward 12M average is now at levels not seen since mid-2021.
Weekly Market Update- 1/16/2023
Electricity Markets Forward markets continue to slide amid the steep decline in the underlying cost of gas. Prolonged warmer temperatures have been a major contributing factor.
Weekly Market Update 1/9/2023
Electricity Markets Markets continued their downward trend, returning to levels not seen since the beginning of 2022. Continued warmth across the East Coast and Europe continues to take pressure off of gas markets.
Weekly Market update 1/2/2023
Electricity Markets Markets continued their downward trend from last week in anticipation of continued warmth across the East Coast.