Electricity Markets
All electric markets, with the exception of ERCOT, saw another step up.
Cooler temperatures brought on an increase in daily pricing earlier in the week.
Natural Gas Markets
The NYMEX remained steady over the past week, with little fluctuation. The remainder of 2022 is still extremely elevated.
Futures as of 4/20/2022 versus previous week:| May-22 | $6.937 | -$0.060 |
| Jun-22 | $7.065 | -$0.031 |
| Jul-22 | $7.158 | -$0.015 |
| Aug-22 | $7.151 | -$0.023 |
| Sep-22 | $7.102 | -$0.049 |
| Oct-22 | $7.112 | -$0.051 |
Natural Gas Inventory
Working gas in storage was 1,450 Bcf as of Friday, April 15, 2022. According to EIA estimates this represents a net increase of 53 Bcf from the previous week.
The Baker Hughes exploration gas count came in at 144 this week, which is up one since last week. There are 50 more rigs in service compared to this time last year.
Weather Update
A wave of cooler than normal temperatures will be seen on most of the east coast along with the upper Northwest. The Southwest and central plains will see some warmer than normal weather in the coming week.