Weekly Market Update- 5/6/2024
Electricity Markets Markets were flat over the last week except Texas, which saw a sizable increase as a heatwave continues to grip the South
Weekly Market Update- 4/29/2024
Electricity Markets Forward markets stayed mostly flat over the past week. Texas did see an increase as springtime heat returned to the south. Warmer weather in the coming weeks could put upward pressure on forward pricing.
Weekly Market Update- 4/22/2024
Electricity Markets Forward markets increased slightly over the past week, continuing the longer term trend of slow market gains. Forecasts of a warm summer and electric demand increases in outward years are putting upward pressure on electric pricing in 2025 and beyond.
Weekly Market Update- 4/15/2024
Electricity Markets Forward markets stayed flat over the past week, ending the 4 week run of market gains. Capacity uncertainty and gas production cutbacks loom large into the back half of 2024, but gas storage remains strong
Weekly Market Update- 4/8/2024
Electricity Markets All forward markets increased week over week, continuing the trend of the past few weeks of market gains. Gains come on the heels of news of a possible warmer summer and production cutbacks
Weekly Market Update- 4/1/2024
Electricity Markets Forward markets stayed flat over the past week. Market outlook for the coming spring remains good amid strong gas storage surplus
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
Weekly Market Update- 3/18/2024
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.
Weekly Market Update- 3/11/2024
Electricity Markets Markets moved upwards for the second consecutive week, largely driven by recent announcements of cuts in natural gas production.