Weekly Market Update- 3/25/2024
Electricity Markets Forward markets increased over the past week, to highest levels in nearly 2 months. A forecast of a warmer summer could cause markets to tighten up in the coming weeks as we head into spring
Weekly Market Update- 3/18/2024
Electricity Markets Markets dropped slightly over the last week, the first decrease seen week over week in a few weeks. Despite announcements of further gas production cuts, markets dropped in response to continued mild weather and decreased gas demand.
Weekly Market Update- 3/11/2024
Electricity Markets Markets moved upwards for the second consecutive week, largely driven by recent announcements of cuts in natural gas production.
Weekly Market Update- 3/4/2024
Electricity Markets Slight upward movement in forward markets over the past week. ERCOT saw a more sizable increase, and could see larger increases in the coming weeks compared to the Northeast if there is warmer weather.
Weekly Market Update- 2/26/2024
Electricity Markets There was some small upward movement in forward markets over the past week. Markets still remain extremely strong in spite of recent news of natural gas production cuts.
Weekly Market Update- 2/19/2024
Electricity Markets Forward markets dropped significantly over the past week. This decrease was largely driven by the combination of continued mild weather and strong natural gas production. This strong trend could continue in the coming weeks.
Weekly Market Report- 2/12/2024
Electricity Markets Forward markets were down slightly over the past week. Natural gas production has held steady and mild temperatures over the past week have kept forward markets strong. PJM at lowest rates since August of 2021.
Weekly Market Update- 2/5/2024
Electricity Markets Forward markets stayed flat over the past week. All forward markets have remained in sync over the past month, mainly driven by changes in Natural gas pricing.
Weekly Market Update- 1/22/2024
Electricity Markets Forward markets came down last week after a cold weather driven run up. Forward markets have tightened up significantly, with risk still existing in the market. Volatility could continue in the coming weeks as gas production freeze offs continue.
Weekly Market Update 1/15/2024
Electricity Markets There was a sizable spike in forward markets this week, mainly driven by weather over the last few days of the week. Week over week change is substantially more than usual and the biggest since winter of last year. Volatility near term will increase in anticipation of cold weather.