Energy News

Weekly trends and insights on the Natural Gas and Electricity Markets
Electricity Markets ISO-NE continues to see an increase in forward rates while all other markets were flat over last week.
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Electricity Markets NYISO continues to be flat over the week versus all other markets saw an uptick in forward electric pricing. The increase is caused by higher natural gas prices being used for electric generation.
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Electricity Markets ISO-NE saw another tick up versus NYISO saw a slight drop in forward pricing. Both PJM and ERCOT saw forward electric pricing remain flat over the week.
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Electricity Markets Forward pricing saw a continued upward trend across most markets.
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Electricity Markets Forward pricing saw a slight move up across most markets in the past week but have been quiet from the highs we saw in February.
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Electricity Markets Forward pricing remained fairly flat over the last week as mild weather has kept the underlying cost of gas stagnant. ERCOT experienced a small bump up in response to rising summer costs.
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Electricity Markets NYISO, PJM and ISO-NE forward markets are currently trending down in response to continued warmer weather. Energy prices remain competitive for fixed options, particularly in NY. Texas did see a slight rebound up, but a spike similar to February 2021 is not anticipated.
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Electricity Markets All forward markets are currently in a downward trend in response to continued warmer weather. Energy pricing remains competitive for fixed options, particularly in NY.
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Electricity Markets Forward pricing in PJM and NYISO has come down in response to continued warmer weather. Rates from this time last year are lower than current forwards. Energy pricing remains incredibly competitive for fixed options.
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Electricity Markets We have seen Texas come back within normal range as things settle down and are under control. All other markets have seen a decrease over the last week and even compared to a month ago. Rates from this time last year are lower than current forwards.
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Electricity Markets Aftershocks in the market were present as a result of last week’s cold that impacted the entire U.S. The worst was obviously present in Texas, and ERCOT still has not recovered, but prices for energy in other ISO’s also skyrocketed. This event will certainly change the way people look at the Texas market and the risks associated with it. As the market continues forward, analysts will be watching further impacts on legislative issues, along with what the investigations will bring for the natural gas and energy markets, in...
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Electricity Markets Cold winter weather has started impacting many different markets, but as you have likely heard, the effects are most severe in Texas. On February 15th, ERCOT declared an Energy Emergency Alert (EEA) level 3, which initiated rolling blackout events. This has been a serious historical energy event for the state. The cold has caused windmills blades to freeze as well as mechanical issues with gas pipelines, coal generators and a nuclear unit experiencing water supply problems. This has severely limited the capacity across ERCOT and created undersupply. Real-time...
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Electricity Markets The widespread extended cold spell is driving the spot markets up and, in turn, the forward markets have followed. These colder temperatures have led to increases across the board, and, if you are on index or variable rate models, you can expect to see higher prices as a result. ERCOT electric prices have also spiked which generally unobserved in the winter. However, with colder weather dipping down into this region, and electric needed for the majority of heating demand, they are also seeing the effects of this volatility.
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Electricity Markets February started off cold and is seeing strength in the markets as a result. ISO-NE certainly moved higher on the heels of the significant increase in the Algonquin basis. Similar strength in pricing was observed across the ISOs as the underlying NYMEX costs increased throughout the week. Near-term concerns are really driving these increases for the 12 month forwards as uncertainty surrounding the remainder of February and March weather remains.
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Electricity Markets PJM & NYISO electric prices were up just slightly over the report week, while ISO-NE and ERCOT saw larger movements upward.
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Electricity Markets Electric markets dropped week over week as the underlying cost of natural gas saw a decline.
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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.
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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.
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Electricity Markets All electric markets have moved downward over the last few holiday weeks.
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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 of the short time frame this past April. But in general, all ISOs are showing it’s a really a great time to be looking at pricing.
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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 tighten up more than it has thus far.
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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 market started turning upward.
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