Electricity Markets The suppressed activity on the energy markets continued into the last week of March. ERCOT was the only market that saw a slight tick up on the electric market, while the other ISO’s held steady.Continue Reading
Electricity Markets The downward trend in the electric and natural gas markets continued over the report week. With the erosion of demand in correlation to the Coronavirus, this should come as no surprise. ERCOT has come down quite a bit, starting to approach last year’s lows. Strong, favorable pricing remains in NYISO, ISO-NE and PJM.Continue Reading
Electricity Markets Pricing held steady across New York, New England, and PJM this past week as the underlying cost of natural gas remains historically low. Texas saw a drop in forward rates after ERCOT announced no concerns for capacity restraints in their spring forecast as well as confidence in their summer season.Continue Reading
Electricity Markets Pricing remains low across ISOs this week as the underlying cost of natural gas continues to be extremely low. Halted LNG exports due to the fear of the Coronavirus are a contributing factor.Continue Reading
Electricity Markets Pricing continued to rise across all ISOs in relation to the underlying cost of gas. Texas saw the most dramatic increase as peak summer rates continue to climb.Continue Reading
Electricity Markets Electricity continued to experience a slight rebound this week as sustained winter temperatures and conditions were observed throughout most of the US.ISO-NE held its 14th forward capacity auction for 2023-2024 and cleared at $2.00/KW-month. This will continue the downward descent of forward capacity pricing in the region which currently stands at $7.03/KW-month, slated to drop to $5.30/KW-month for 2020-2021, $4.63/KW-month for 2021-2022, and then $3.80/KW-month for 2022-2023.Continue Reading
Electricity Markets Electricity rebounded slightly across all markets as near-term pricing reacted to a brief rise in the underlying cost of natural gas.Continue Reading
Electricity Markets The downward trend continues with a softer slope than has been observed in previous weeks. ISO-NE, heavily affected by near-term lows, is at some of its most competitive levels in the last decade. Forward fixed rates remain extremely attractive even when comparing relatively higher outward year pricing.Continue Reading
Electricity Markets All markets experienced a similar drop in pricing as the near-term underlying cost of gas falls in response to limited demand in the face of mild winter weather. The forward 12M average of ISO-New England is particularly affected by the unseasonably low trading cost of this winter’s electricity. Though winter 2020-2021 is still historically competitive, this 12M forward average is likely to rise as we pick up next winter’s trading months.Continue Reading
Electricity Markets Continued mild temperatures and steady low gas futures led to a quiet week across most electric markets. ERCOT saw another bump upwards in response to rising summer 2020 prices.Continue Reading
Electricity Markets Electric markets saw a small bump upwards over the last market week but month over month continue to remain extremely competitive. Pricing across all regions has been primarily driven by the low underlying cost of natural gas. ISO-NE’s forward average is highly reflective of uncharacteristic near-term lows; 2021 rates of this same timeframe are not quite as similarly competitive.Continue Reading
Electricity Markets Electric markets continue to trend down and are now reminiscent of pre-2017 levels. Mild winter weather has kept the underlying cost of natural gas low and volatility isolated to short spikes in the daily markets.Continue Reading
Electricity Markets Electric markets saw another drop as we moved into the holiday week. Warmer temperatures and lower demand brought down rates in the near-term and continue to afford incredible value in outward years.Continue Reading
Electricity Markets Electric markets saw the slightest tick up over the report week. On a broad scale, the overall wholesale cost of energy is down. It remains a good time to take advantage of opportunities in the market you can control, as many other non-energy related components are expected to continue driving up costs into the future.Continue Reading
Electricity Markets Electric pricing has continued to drop across all markets and represent some of the most favorable rates seen since 2017. The continued drop in the 12M forward averages is primarily driven by near-term winter months; rates in Winter 2020-2021 are higher as they fall in a more normal range. The NYISO is approaching historic lows even while upcoming plant closures draw nearer.Continue Reading
Electricity Markets Electric pricing in ISO-NE saw a slight increase over the report week. The remaining ISO’s were mainly flat or saw minimally movement downward.Continue Reading
Electricity Markets Electric pricing in Texas and New York was quiet last week while New England and Pennsylvania continued to drop off. Rates now mirror some of the lowest we’ve seen since this past summer.Continue Reading
Electricity Markets Electric prices were broadly flat with Texas observing a slight drop. Forward pricing is still very attractive and trading quite near the lows of this past summer. Upward pressure is likely to be seen in the NYISO due to the impending closures of the first generator at Indian Point nuclear power plant in April 2020 as well as the just-announced closure of the coal-fired Kintigh Generating Station in Somerset, NY.Continue Reading
Electricity Markets Electric prices in all ISO’s dropped pretty significantly over the report week. The run up was likely in part based on the anticipation of cold weather. Most recently predictions are calling for December to be milder than normal. Continue Reading
Electricity Markets ERCOT continued to climb, facing lingering capacity concern. The remaining ISO’s saw a minimal drop week over week. ISO-NE is about even to where the market was last month. Although NYISO is up since a month ago, in combination with the capacity market, prices are still at attractive levels. Nuclear closures, an uncertain winter outlook, and natural gas fundamentals could all effect market conditions moving forward.Continue Reading
