Weekly Market Update- 3/25/2024
Electricity Markets Forward markets increased over the past week, to highest levels in nearly 2 months. A forecast of a warmer summer could cause markets to tighten up in the coming weeks as we head into spring
Electricity Markets Forward markets increased over the past week, to highest levels in nearly 2 months. A forecast of a warmer summer could cause markets to tighten up in the coming weeks as we head into spring
Electricity Markets Markets dropped slightly over the last week, the first decrease seen week over week in a few weeks. Despite announcements of further gas production cuts, markets dropped in response to continued mild weather and decreased gas demand.
Electricity Markets Markets moved upwards for the second consecutive week, largely driven by recent announcements of cuts in natural gas production.
Electricity Markets Slight upward movement in forward markets over the past week. ERCOT saw a more sizable increase, and could see larger increases in the coming weeks compared to the Northeast if there is warmer weather.