March 13th, Albany, NY – Power Management Company, an independent energy advisory firm that provides strategic energy consulting services, announced today that they have become a member of the New York Capital Region Chapter of the Institute of Real Estate Management (IREM).
Electricity Markets Forward Markets across all regions trended upward to levels not seen in almost 2 months. The market has rebounded slightly as cool weather is forecasted over the short term, but natural gas storage remains strong which should help the underlying cost of gas.
Electricity Markets Forward markets across all regions trended down slightly this week, but overall remain stable. Strong natural gas storage and continued mild weather conditions are main contributing factors.
Electricity Markets Forward pricing across all markets remained stable for a second straight week. Indications are that the forward markets will remain stable over the coming weeks as gas storage remains strong and the weather remains unseasonably warm.
Electricity Markets Forward pricing stabilized this week after increased withdrawals from storage and a return to more seasonal winter temperatures.
Electricity Markets The electric market continued it’s downward trend week-over-week. The underlying cost of gas saw its own dip in light of mild weather and continuing strong storage numbers. Twelve-month forward average rates now mirror costs not seen since mid-2021.
Electricity Markets The downward trend in the market continued this week as the underlying cost of gas tumbled even further in the near-term. The forward 12M average is now at levels not seen since mid-2021.
Electricity Markets Forward markets continue to slide amid the steep decline in the underlying cost of gas. Prolonged warmer temperatures have been a major contributing factor.
Electricity Markets Markets continued their downward trend, returning to levels not seen since the beginning of 2022. Continued warmth across the East Coast and Europe continues to take pressure off of gas markets.
Electricity Markets Markets continued their downward trend from last week in anticipation of continued warmth across the East Coast.
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