Energy Update 6-14-2021

Electricity Markets


All forward electric markets saw a steep move up this past week.



Warmer than normal temperatures over the week brought on higher electric rates and more volatility.


Natural Gas Markets


NYMEX continues to remain elevated compared to last year’s rates.


  Futures as of 6/9/2021 versus previous week:
Jul-21 $3.129 +$0.054
Aug-21 $3.144 +$0.050
Sep-21 $3.137 +$0.051
Oct-21 $3.157 +$0.055
Nov-21 $3.223 +$0.064
Dec-21 $3.339 +$0.058
Natural Gas Inventory

As of Friday, June 4, 2021 working gas in storage was 2,411 Bcf. According to EIA estimates this represents a net increase of 98 Bcf from the previous week.

The Baker Hughes exploration gas count is down 1 from the previous week for a total of 96 rigs. This is 20 more rigs than the 76 in operation at this time one year ago.


Weather Update

The east coast is predicted to have colder than normal temperatures for the upcoming week versus the west coast which will be experiencing an extreme heat.


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

Natural gas in transition: US residential-commercial markets face uncertainty As state and local governments across the US pursue increasingly aggressive carbon-reduction targets, the market risks to natural gas are mounting. 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 sou

Leave a Reply