Energy Market Intelligence

Looming cold snap pushes gas and power prices higher, especially in the Northeast.

TrueMarket Update

Providing you an analytical snapshot of weekly energy price movements, retail electricity headroom opportunities, and weather trends. 

General Update

  • Financial gas markets moved sharply higher, with the January 2018 NYMEX Henry Hub futures contract rising $0.16/MMBtu, or almost 6%, to close the week at $3.08/MMBtu.
  • At the Chicago Citygate, spot prices rose $0.16 to $2.99/MMBtu. Prices at PG&E Citygate jumped $0.22 to $3.19/MMBtu. The price at SoCal Citygate spiked $2.23 to $5.26/MMBtu; Southern California continues to face serious pipeline and storage constraints.
  • At the Algonquin Citygate prices fell $0.19 to $3.07/MMBtu. At the Transco Zone 6 point, prices moved $0.04 higher to $3.04/MMBtu. Tennessee Zone 4 spot prices added $0.10 to $2.40/MMBtu. Prices at Dominion South rose $0.14 to $2.56/MMBtu.
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Natural gas spot and futures prices fall on milder weather. December forecast turns colder signaling a bullish trend for power and gas prices.

TrueMarket Update

Providing you an analytical snapshot of weekly energy price movements, retail electricity headroom opportunities, and weather trends. 

General Update

  • Financial and physical gas markets traded sharply lower on weak holiday-related trading volume and relatively mild temperatures. The NYMEX Henry Hub January futures contract gave up $0.29/MMBtu, or roughly 9%, to close the week at $2.92/MMBtu.
  • In physical gas spot markets, widespread above-normal temperatures had most regions trading in the red. With storage levels trending well below the 5-year average and December looking to be colder than normal, gas and power prices are set to move higher.
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Gas and power prices end a volatile week in negative territory.

TrueMarket Update

Providing you an analytical snapshot of weekly energy price movements, retail electricity headroom opportunities, and weather trends. 

General Update

  • Financial gas markets traded lower. The NYMEX Henry Hub December 2017 futures contract slipped $0.09/MMBtu, roughly 3%, to finish the week at $3.13/MMBtu.
  • Physical gas prices had a volatile week, especially in the Northeast due to short-term cold spikes. At the Chicago Citygate, prices fell $0.21 to $3.10/MMBtu. At the Algonquin Citygate prices slipped $0.08 to $3.39/MMBtu. At the Transco Zone 6 point prices dropped $0.08 to $3.11/MMBtu. Tennessee Zone 4 prices rose $0.25 to $2.48/MMBtu. Prices at Dominion South traded $0.04 lower to $2.54/MMBtu.
  • Cooling temperatures in California pushed PG&E Citygate prices $0.12 lower to close at $3.17/MMBtu. The price at SoCal Citygate fell $0.17 to $4.24/MMBtu. The physical gas system in Southern California continues to face serious storage and pipeline constraints.
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Cold snap eases while power and gas prices move higher in the Northeast.

TrueMarket Update

Providing you an analytical snapshot of weekly energy price movements, retail electricity headroom opportunities, and weather trends. 

General Update

  • Financial gas markets trended sharply higher. The NYMEX Henry Hub December 2017 futures contract rose almost 8%, adding $0.23 to close the week at $3.21/MMBtu.
  • At the Chicago Citygate, prices rose $0.64 to $3.31/MMBtu. Colder weather in the Northeast pushed prices up. At the Algonquin Citygate prices jumped $2.29 to $3.47/MMBtu. At the Transco Zone 6 point rose $1.85 to $3.19/MMBtu. PJM area prices also moved higher. Tennessee Zone 4 spot prices traded $1.71 higher to $2.23/MMBtu. Prices at Dominion South rose $1.91 to $2.58/MMBtu.
  • Prices at the PG&E Citygate rose $0.34 to $3.29/MMBtu. The price at SoCal Citygate jumped $1.18 to $4.41/MMBtu. The Southern California Gas Company still faces constraints on inflowing pipelines and reduced storage availability from the Aliso Canyon facility.
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Power prices move higher across the board as cooler temperatures spread.

TrueMarket Update

Providing you an analytical snapshot of weekly energy price movements, retail electricity headroom opportunities, and weather trends. 

General Update

  • Financial gas markets traded modestly lower. The December 2017 NYMEX Henry Hub contract gave up $0.02/MMBtu to close at $2.93/MMBtu.
  • Physical gas spot prices were mixed. At the Chicago Citygate, prices decreased $0.34 to $2.67/MMBtu. Northeast price movements were mixed. At the Algonquin Citygate prices dropped $2.05 to $1.18/MMBtu. At the Transco Zone 6 point prices fell $1.59 to $1.34/MMBtu.
  • The price at SoCal Citygate dropped $0.94 to $3.23/MMBtu. Prices at PG&E Citygate fell $0.24 to $2.95/MMBtu. Tennessee Zone 4 prices gave up $0.28 to $0.52/MMBtu. Prices at the Dominion South hub fell $0.56 to $0.67/MMBtu.
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Power prices continue to march lower on weak power burn demand.

TrueMarket Update

Providing you an analytical snapshot of weekly energy price movements, retail electricity headroom opportunities, and weather trends. 

General Update

  • Financial gas markets traded lower on weaker natural gas demand. The December 2017 NYMEX Henry Hub futures contract slipped $0.15/MMBtu, roughly 5%, to close the week at $2.96/MMBtu.
  • Physical gas markets were mixed as temperatures varied across the country. At the Chicago Citygate prices rose $0.27 to $3.01/MMBtu. The price at SoCal Citygate traded $0.17 higher to $4.17/MMBtu. Prices at PG&E Citygate inched $0.01 higher to $3.19/MMBtu.
  • At the Algonquin Citygate prices rose $0.33 to $3.23/MMBtu. Transco Zone 6 prices increased $0.14 to $2.93/MMBtu. Tennessee Zone 4 prices fell $0.01 to $0.80/MMBtu. Prices at Dominion South jumped $0.22 to $1.23/MMBtu.
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Power curves and financial gas markets trade lower. Heat in the West and cold in the East point to higher power burn and heating demand in early November.

TrueMarket Update

Providing you an analytical snapshot of weekly energy price movements, retail electricity headroom opportunities, and weather trends. 

General Update

  • Financial gas markets traded lower with the NYMEX Henry Hub November 2017 futures contract slipping roughly $0.10, or about 3%, to close the week at $2.91/MMBtu.
  • At the Chicago Citygate, prices fell $0.05 to $2.74/MMBtu. Prices at the PG&E Citygate rose $0.05 to $3.18/MMBtu. SoCal Citygate prices jumped $0.86 to $4.00/MMBtu, mostly due to above average temperatures in Southern California and unplanned pipeline outages.
  • Temperatures in the Northeast fell, driving higher home heating demand in Boston and New York City. At the Algonquin Citygate prices rose $0.40 to $2.90/MMBtu. At the Transco Zone 6 point prices increased $0.17 to $2.79/MMBtu. The Tennessee Zone 4 Marcellus spot price ticked $0.01 higher to close at $0.81/MMBtu. Prices at Dominion South rose $0.09 to $1.01/MMBtu.
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Financial gas and power prices move higher on strong power burn demand in Eastern markets. Physical gas prices mixed.

TrueMarket Update

Providing you an analytical snapshot of weekly energy price movements, retail electricity headroom opportunities, and weather trends. 

General Update

  • Financial gas markets traded higher on stronger demand in both the East and West. The NYMEX Henry Hub November 2017 contract rose $0.15, roughly 4%, to close the week at $3.00/MMBtu.
  • Physical gas prices were mixed. At the PG&E Citygate prices dipped $0.02 to $3.13/MMBtu. Prices at the SoCal Citygate added $0.02 to $3.14/MMBtu. Northeastern prices were much lower. Warmer weather reduced heating demand in Massachusetts and New York. At the Algonquin Citygate prices fell $0.28 to $2.50/MMBtu. At the Transco Zone 6 point prices dropped $0.16 to $2.62/MMBtu.
  • Mid-Atlantic prices were also mixed. The Tennessee Zone 4 price fell $0.12 to $0.80/MMBtu. Prices at Dominion South rose $0.08 to $0.92/MMBtu.
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Gas markets trend lower, while power prices show upside momentum on warmer than normal conditions in the Midwest and East.

TrueMarket Update

Providing you an analytical snapshot of weekly energy price movements, retail electricity headroom opportunities, and weather trends. 

General Update

  • 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.
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Power and gas prices move lower on moderating temperatures and robust outlook for natural gas storage.

TrueMarket Update

Providing you an analytical snapshot of weekly energy price movements, retail electricity headroom opportunities, and weather trends. 

General Update

  • Financial gas futures were mostly unchanged for the week. The November 2017 NYMEX Henry Hub contract traded in a $0.10/MMbtu range for the week before closing a penny lower at $3.01/MMBtu.
  • Physical gas spot prices were mostly lower. At the Chicago Citygate, prices fell $0.20 to close at $2.85/MMBtu. Prices at the PG&E Citygate dropped $0.12 to $3.19/MMBtu. SoCal Citygate prices gave up $0.06 to $2.98/MMBtu.
  • At the Algonquin Citygate prices plunged $0.78 to $1.97/MMBtu. Transco Zone 6 prices fell $0.38 to $2.78/MMBtu. Tennessee Zone 4 prices fell $0.47 to $1.19/MMBtu, while prices at Dominion South lost $0.59 to $1.19/MMBtu yesterday.
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