Gas markets trend lower, while power prices show upside momentum on warmer than normal conditions in the Midwest and East.
Providing you an analytical snapshot of weekly energy price movements, retail electricity headroom opportunities, and weather trends.
- Financial gas markets moved lower with the November 2017 futures contract falling $0.15/MMbtu, about 5%, to close at $2.86/MMBtu.
- Most physical spot markets were also lower. At the Chicago Citygate prices fell $0.14 to $2.71/MMBtu. Prices at the SoCal Citygate rose $0.14 to $3.12/MMBtu, largely due to a supply constraint from a pipeline outage. Prices at PG&E Citygate fell $0.04/MMBtu to $3.15/MMBtu.
- At the Algonquin Citygate prices jumped $0.81 to $2.78/MMBtu yesterday on above average temperatures. Transco Zone 6 prices were unchanged for the week at $2.78/MMBtu. Tennessee Zone 4 prices fell $0.27 to $0.92/MMBtu. Prices at Dominion South dropped $0.35 to $0.84/MMBtu.