All ISOs saw a drop in forward electric rates as natural gas and weather conditions remained stable.
Mild temperatures, and a warmup mid next week are leading to little volatility in electric pricing.
Natural Gas Markets
2022 NYMEX continued to see another step down this week.Futures as of 12/8/2021 versus previous week:
Natural Gas Inventory
As of Friday, December 3, 2021 working gas in storage was 3,505 Bcf. According to EIA estimates this represents a net decrease of 59 Bcf from the previous week.
The Baker Hughes exploration gas count remained the same from the previous week for a total of 105 rigs. This is 30 more rigs than the 75 in operation at this time one year ago.