All ISOs saw a slight tick upward however ISO-NE saw a larger jump up in forward electric rates this week.
Mild temperatures lead to a quiet week in daily pricing markets.
Natural Gas Markets
2022 saw very little movement as NYMEX rates remained steady with the lack of volatility in weather conditions this week.Futures as of 12/15/2021 versus previous week:
Natural Gas Inventory
As of Friday, December 10, 2021 working gas in storage was 3,417 Bcf. According to EIA estimates this represents a net decrease of 88 Bcf from the previous week.
The Baker Hughes exploration gas count is down one rig from the previous week for a total of 104 rigs. This is 25 more rigs than the 79 in operation at this time one year ago.
Warmer than normal temperatures are expected in the middle and Southwest CON US with the rest of the country seeing normal or below normal temperatures.