Weekly Market Update- 2/26/2024
Electricity Markets There was some small upward movement in forward markets over the past week. Markets still remain extremely strong in spite of recent news of natural gas production cuts.
Weekly Market Update- 2/19/2024
Electricity Markets Forward markets dropped significantly over the past week. This decrease was largely driven by the combination of continued mild weather and strong natural gas production. This strong trend could continue in the coming weeks.
Weekly Market Report- 2/12/2024
Electricity Markets Forward markets were down slightly over the past week. Natural gas production has held steady and mild temperatures over the past week have kept forward markets strong. PJM at lowest rates since August of 2021.
Weekly Market Update- 2/5/2024
Electricity Markets Forward markets stayed flat over the past week. All forward markets have remained in sync over the past month, mainly driven by changes in Natural gas pricing.
Weekly Market Update- 1/22/2024
Electricity Markets Forward markets came down last week after a cold weather driven run up. Forward markets have tightened up significantly, with risk still existing in the market. Volatility could continue in the coming weeks as gas production freeze offs continue.
Weekly Market Update 1/15/2024
Electricity Markets There was a sizable spike in forward markets this week, mainly driven by weather over the last few days of the week. Week over week change is substantially more than usual and the biggest since winter of last year. Volatility near term will increase in anticipation of cold weather.
Weekly Market Update- 1/8/2024
Electricity Markets Forward markets rebounded over the last week, but still remain in a strong position. Markets remain strong in the face of retiring capacity.
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.