Energy Market Update 4-19-2021

Electricity Markets

Forward pricing saw a continued upward trend across most markets.

Above normal temperatures last week have shown little volatility across most electric markets.

Natural Gas Markets

Current NYMEX rates are in the center of the normal range. We did see a slight tick up this past week.


Futures as of 4/14/2021 versus previous week:
May-21 $2.618 +$0.091
Jun-21 $2.693 +$0.083
Jul-21 $2.775 +$0.086
Aug-21 $2.803 +$0.084
Sep-21 $2.790 +$0.077
Oct-21 $2.809 +$0.081
Natural Gas Inventory

As of Friday, April 9, 2021 working gas in storage was 1,845 Bcf. According to EIA estimates this represents a net increase of 61 Bcf from the previous week. We are now above the 5-year average range but still behind last year’s numbers.

The Baker Hughes exploration gas count was up 1 from the previous week for a total of 94 rigs. This is 1 fewer rigs than the 96 in operation at this time one year ago.


Weather Update

Colder than normal temperatures across most of the South, Mid-West and North East while the West coast is warmer than normal.

National Weather Service Updates (NOAA)

Hurricane Watch: No Hurricanes Click here to view the National Hurricane Center site. Equatorial Pacific Outlook: Click here to view La Nina and El Nino status.

Energy News

Appalachian gas basis tumbles amid rising supply, falling midstream capacity Basis prices at Appalachia’s benchmark Dominion South hub are at their lowest in at least five years this April as lengthening supply and dwindling midstream egress capacity leave regional cash markets steeply discounted. If you would like to receive the Energy Market Update to your inbox weekly, please click here to submit your name and email address. Disclaimer: This information is provided for the use of our customers and potential customers. Power Management Company assumes no responsibility or liability for the accuracy or completeness of pricing or information in this document. Historical data was obtained from sources that we believe to be reliable, but we do not guarantee its accuracy or completeness. It is not intended to provide advice or recommendation. Views are subject to change without notice.

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