Energy Market Update 9-20-2021

Electricity Markets

Forward electric continues its upward trajectory across all ISOs as winter costs climb higher.

Volatility returned to the daily markets as temperatures spiked above normal.

Natural Gas Markets

Natural gas costs rose substantially week over week throughout the remainder of 2021 and the first quarter of 2022.

  Futures as of 9/15/2021 versus previous week:
Oct-21 $5.308 +$0.394
Nov-21 $5.347 +$0.385
Dec-21 $5.445 +$0.399
Jan-22 $5.511 +$0.408
Feb-22 $5.426 +$0.441
Mar-22 $5.082 +$0.473
Natural Gas Inventory

As of Friday, September 10, 2021 working gas in storage was 3,006 Bcf. According to EIA estimates this represents a net increase of 83 Bcf from the previous week.

The Baker Hughes exploration gas count is down one from the previous week for a total of 100 rigs. This is 27 more rigs than the 73 in operation at this time one year ago.


Weather Update

Warmer than normal temperatures are expected across much of the Western US with seasonally normal temperatures expected along East Coast.

National Weather Service Updates (NOAA)

Hurricane Watch: Tropical Storms Peter and Rose. Click here to view the National Hurricane Center site. Equatorial Pacific Outlook: Click here to view La Nina and El Nino status.

Energy News

US natural gas storage fields add more than market expects, prompting price slide US working natural gas in storage rose more than the market expected for the second consecutive week as demand in the South Central region fell more than anticipated.   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 s

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