Energy Market Update
Electricity Markets Electric markets dropped week over week as the underlying cost of natural gas saw a decline.
Energy Market Update
Electricity Markets Electric markets once again saw a week-over-week rise in pricing as the underlying cost of gas remains volatile. ERCOT was the lone holdout as dips in summer pricing brought the overall forward average down.
Energy Market Update
Electricity Markets Electric markets ticked up over the report week on the heels of natural gas prices increases. In ISO-NE the REC (renewable energy certificate) component continues to be a large piece of the overall cost of energy and is almost equal to the energy only price.
Energy Market Update
Electricity Markets All electric markets have moved downward over the last few holiday weeks.
Energy Market Update
Electricity Markets Electric prices over the report week were still trending downward. This is being drive in large part by low natural gas basis prices, a 5-year high gas storage level and thus far a fairly warm winter outlook. ISO-NE wholesale electric prices specifically have dropped to lows not seen in years with the exception […]
Energy Market Update
Electricity Markets Electric prices remain very favorable moving into December. For those in NYISO especially, capacity markets are still trading unusually low and there is good value in locking in outer years. With the capacity that was removed from the market last April, and more to come this April, we should be seeing capacity prices […]
Energy Market Update
Electricity Markets Another pretty significant drop in the 12-month forward average for all markets, driven but a drop in natural gas and basis prices. Some of the ISO’s are starting to approach the lows we last saw in April/May. This may be a chance to recapture a missed opportunity if you held off when the […]
Energy Market Update
Electricity Markets There was a large drop in all electric markets over the report week, with the exception of ERCOT. ISO-NE especially came down quite a bit from the highs seen just 2 weeks ago. This drop is again, tied like last week to the large decrease in the gas basis prices in the Northeast.
Energy Market Update
Electricity Markets All electric markets saw a slide downward over the report week. After some uncertainty for ERCOT this summer, TEXAS is now out of cooling season so things should remain calmer. There was no huge volatility for the ISO this summer which allowed them to come through the season fairly well.
Energy Market Update
Electricity Markets Electric prices in the majority of the ISO’s were down just slightly over the report week after recent run ups.