Electricity Markets Forward markets saw a sizable drop over the past week. Expected demand was not met in response to last weeks heatwave. Volatility in the forward markets has been higher than usual over the past month, and is expected to continue as we head into summer.
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Electricity Markets New England and New York forward markets saw a slight increase over the past week. New England increases mainly driven by an increase in Algonquin basis pricing and an increase in liquid natural gas exports. PJM saw a slight decrease, mainly because of increased cloud cover during last week’s heatwave.
Electricity Markets Forward markets saw increased volatility over the past week. Northeast markets saw a sizable increase week over week, and are at their highest rates since the start of 2023. Markets continue to trend upward and will likely continue trending upward as scorching heat returns to the Northeast next week.
Electricity Markets Forward markets saw a slight increase over the past week. Volatility is beginning to make its way back into the forward markets as we head into the cooling season. The markets continue to trend upward
Electricity Markets Forward pricing across all markets saw a sizable drop over the last week. This was largely driven by actual energy demand not meeting market expectation. If expected summer heat materializes, markets could continue to trend upward throughout the summer.
Electricity Markets Forward pricing again increased over the past week, except Texas which saw a slight drop. Gas prices increased over the past week, driving an increase in the electric forward markets. Forward markets have climbed steadily since winter and are expected to keep climbing as this summer is expected to be hot.
Electricity Markets Forward pricing across the Northeast increased over the past week, mainly driven by an increase in near term NYMEX pricing. New England and Texas saw more sizable increases. New England’s was driven by an increase in gas prices, while Texas has seen a sizable spike driven by extreme heat gripping the state. The […]
Electricity Markets Mild temperatures and low natural gas demand kept NY and PJM flat over the last week. NE rose slightly in lue of expected natural gas production cuts. Texas continues to rise because of continued heat and rapid load growth
Electricity Markets Markets were flat over the last week except Texas, which saw a sizable increase as a heatwave continues to grip the South
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