Electricity Markets The electric markets have continued their upward trend across the US as storms and seasonably-normal to warmer temperatures sweep across the country. The rise in costs is most prominently displayed over the next 6-8 months with minimal movement in the outward years week over week.
Electricity Markets Northeast forward markets saw a sizable increase over the past week. Markets have continued to remain volatile in response to summer heat and increases in natural gas production. Texas forward markets saw a sizable drop as Hurricane Beryl moved onshore last week.
Electricity Markets In spite of market volatility and warm temperatures, NY and PJM forward markets saw sizable drops over the past week, returning to levels that were seen at the beginning of June. Texas also saw sizable drops, now at lowest levels since mid-April. Further forecasted warmth this summer will continue to spur market volatility. […]
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.
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 […]
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