Prices stabilize at new low points as we exit winter. Warm and wet conditions prevail in the East with colder conditions remaining North of the Canadian border.
Providing you an analytical snapshot of weekly energy price movements, retail electricity headroom opportunities, and weather trends.
- The NYMEX Henry Hub forward contract for March 2018 traded in a tight range for the week, dropping $0.04, or roughly 1.5%, to close at $2.54/MMBtu.
- Physical gas basis prices were mixed. At the Chicago Citygate, prices dropped $0.23 to $2.44/MMBtu. Prices at PG&E Citygate rose $0.25 to $2.79/MMBtu. SoCal Citygate prices rose $1.85 to $4.43/MMBtu, mostly due to unseasonably cool temperatures.
- Prices in the Northeast fell as temperatures rose. At the Algonquin Citygate prices fell $5.68 to $2.42/MMBtu. At the Transco Zone 6 point prices declined $2.36 to $2.45/MMBtu. Tennessee Zone 4 Marcellus fell $0.55 to $1.85/MMBtu, while prices at Dominion South dropped $0.49 to $1.98/MMBtu.