NYISO, PJM and ISO-NE forward markets are currently trending down in response to continued warmer weather. Energy prices remain competitive for fixed options, particularly in NY. Texas did see a slight rebound up, but a spike similar to February 2021 is not anticipated.
We have seen warmer than normal weather across most of the Northeast this past week. The higher temperatures have led to lower spot pricing. As the markets move from winter to spring trends.
Natural Gas MarketsApril’s NYMEX price has moved down compared to last month. Overall, NYMEX pricing was almost flat to last week, with little change. Natural gas pricing is trading within normal ranges as previous year.
.Futures as of 3/24/2021 versus previous week: