Energy Market Intelligence

Power curves trended upwards across the board, with notable gains in NYISO, PJM, and ERCOT; Physical gas spot markets, on the other hand, saw widespread decreases.

TrueMarket Update

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

General Update

gen09182018
  • Financial gas markets continue to trade lower. The October 2018 NYMEX contract price rose $0.03 (1.2%) to finish at $2.829/MMBtu on Wednesday September 12, 2018.
  • Price movements in the physical gas spot markets saw widespread decreases. Boston’s Algonquin Citygate decreased $0.36 (11.6%) to $2.75/MMBtu. Transco Zone 6 NYC decreased $0.15 (5%) to $2.91/MMBtu, with a weekly low of $2.50/MMBtu on Friday.
  • Tennessee Zone 4 decreased $0.30 (12%) to $2.19/MMBtu, with a weekly low of $2.16/MMBtu on Friday. Dominion South decreased $0.35 (13.6%) to $2.23/MMBtu. Chicago Citygate prices decreased $0.15/MMBtu (5.2%) to $2.72/MMBtu.
  • SoCal Citygate prices fell $0.71 (16.6%) to $3.55/MMBtu. As of Tuesday September 12, inventories have reached 78.2 Bcf, the highest recorded this year and up 2% from last week's levels of 76.5 Bcf. Prices at Northern California PG&E Citygate dropped $0.12 (3.7%) to $3.09/MMBtu.
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Consistent gains continue on the ERCOT forward curve; Central portion of the Atlantic coast expecting tropical storm activity.

TrueMarket Update

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

General Update

gen09112018
  • Financial gas markets continue to trade lower. The September 2018 NYMEX contract expired at $2.895/MMBtu and the October 2018 contract price declined $0.07 to finish at $2.795/MMBtu on Wednesday September 5, 2018.
  • Price movements in the physical gas spot markets were mixed. Boston’s Algonquin Citygate decreased $0.44 (12.4%) to $3.11/MMBtu as Northeast temperatures ease up from the previous week’s heat. Transco Zone 6 NYC increased just $0.02 (0.65%) to $3.06/MMBtu.
  • Tennessee Zone 4 increased $0.13 (5.5%) to $2.49/MMBtu, and is expected to continue increasing as several pipeline projects come online in the latter half of 2018. Dominion South decreased $0.04 (1.5%) to $2.58/MMBtu. Chicago Citygate prices rose $0.15/MMBtu (5.5%) to $2.87/MMBtu as higher eastern Midwest temperatures last week drove up demand.
  • SoCal Citygate prices fell $1.30 (23.4%) to $4.26/MMBtu. The Southern California gas system has experienced a 19% increase in gas send out, resulting in inventories of 76.5 Bcf as of Wednesday September 5. This is the highest inventory level for SoCal since January of 2016. Prices at Northern California PG&E Citygate increased just $0.02 (.6%) to $3.21/MMBtu.
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Power curves trade higher in the Northeast as above normal temperatures continue to hold; ERCOT forward curve prices trend upwards.

TrueMarket Update

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

General Update

  • gen09042018Financial gas markets start off the new month trading marginally lower. The September 2018 NYMEX contract expired at 
    $2.895/MMBtu and the October 2018 contract price declined $0.08 to finish at $2.863/MMBtu on Wednesday August 29, 2018.
  • Price movements in the physical gas spot markets were mixed. Boston’s Algonquin Citygate increased $0.69 (24.1%) to $3.55/MMBtu as above normal Northeast temperatures continue to hold. Transco Z6 NYC increased $0.07 (2.4%) to $3.04/MMBtu, Tennessee Zone 4 decreased $0.25 (9.6%) to $2.36/MMBtu, and Dominion South decreased $0.03 (1.1%) to $2.62/MMBtu. Chicago Citygate prices decreased $0.13/MMBtu (2.6%) to $2.72/MMBtu.
  • SoCal Citygate prices increase just $0.64 (13%) to $5.56/MMBtu. Southern California gas system is working to maximize storage injections in preparation for peak winter demand and continued maintenance work. Prices at Northern California PG&E Citygate decreased $0.15 (4.5%) to $3.19/MMBtu.
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Price movements in ERCOT mixed, with short term trending down and long term trending up. Above normal heat hangs in the eastern half of the country, particularly northeast.

TrueMarket Update

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

General Update

gen08282018

  • The forward curve for natural gas has experienced minimal price movement, with the September 2018 NYMEX contract increasing $0.02 from $2.940/MMBtu to $2.956/MMBtu.
  • Price movements in the physical gas spot markets were mixed. Boston’s Algonquin Citygate increased $1.28 (31%) to $2.86/MMBtu, Transco Z6 NYC decreased $0.17 (5.4%) to $2.97/MMBtu, Tennessee Zone 4 increased $0.8 (3.2%) to $2.61/MMBtu, and Dominion South increased just $0.01 (<0.5%) to $2.65/MMBtu. Chicago Citygate prices decreased $0.10/MMBtu (3.4%) to $2.85/MMBtu. 
  • Although the Southern California gas system is still experiencing ongoing maintenance and high summer demand, strain on the system is easing as SoCal Citygate prices drop another $2.97 (37.6%) to $4.92/MMBtu. Prices at the unconstrained Northern California PG&E Citygate decreased $0.14 (4%) to $3.34/MMBtu.
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Power curves trended downwards, with modest losses across all markets; constraints at SoCal Citygate ease as temperatures cool off.

TrueMarket Update

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

General Update

gen08212018

  • There was minimal price movement on the forward curve for natural gas as the September 2018 NYMEX contract decreased $0.01 from $2.949/MMBtu to $2.940/MMBtu.
  • Price movements in the physical gas spot markets were varied, though generally increasing particularly in the East. Boston’s Algonquin Citygate increased $0.88 (27%) to $4.14/MMBtu, Transco Z6 NYC increased $0.07 (2.3%) to $3.14/MMBtu, Tennessee Zone 4 increased $0.8 (46.2%) to $2.53/MMBtu, and Dominion South increased $0.05 (2%) to $2.64/MMBtu. Chicago Citygate prices decreased $0.06/MMBtu (2.1%) to $2.95/MMBtu. 
  • As temperatures eased down on the West coast, the pressure lifted off the strained southern California gas system, allowing SoCal Citygate prices to decrease $6.28 (44.3%) to $7.89/MMBtu. Price at the unconstrained PG&E Citygate experienced a slight increase of $0.03 (0.9%) to $3.48/MMBtu.
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Power and gas curves trade higher; ERCOT forward curve near terms trend downwards as Cal 2019 prices move higher.

TrueMarket Update

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

General Update

gen08142018

  • Gas and power prices continue to move higher. The September 2018 NYMEX contract rose 2.8% ($0.08/MMBtu) to close the week at $2.93/MMBtu.
  • Physical gas spot prices were also higher. The EIA reported that Chicago Citygate prices rose $0.28/MMBtu (10.3%) to $3.01/MMBtu for the week ending August 8, 2018. Boston’s Algonquin Citygate prices rose $0.18 (5.8%) to $3.26/MMBtu, climbing to $3.76/MMBtu on Monday August 6th. Transco Zone 6, NYC, prices added $0.15/MMBtu (5.1%) to $3.07/MMBtu.
  • Tennessee Zone 4 Marcellus prices stayed the same week-over-week at $2.45/MMBtu. Prices at Dominion South rose $0.06/MMBtu (2.4%) to $2.59/MMBtu.
  • SoCal Citygate high price levels continue to climb, increasing $4.43/MMBtu (45.5%) to $14.17/MMBtu. Southern California prices hit a peak this past Monday as well, reaching $26.55/MMBtu. Prices at PG&E Citygate, Northern California, gained $0.24/MMBtu (7.5%) to $3.45/MMBtu.
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Power and gas curves tick higher on bullish natural gas storage report.

TrueMarket Update

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

General Update

gen08072018

  • Gas and power prices edged higher this week. The September 2018 NYMEX contract rose 2.9% ($0.08/MMBtu) to close the week at $2.85/MMBtu.
  • Physical gas spot prices were also generally higher. Chicago Citygate prices rose $0.04/MMBtu (1.5%) to $2.73/MMBtu. At the Algonquin Citygate, serving the Boston area, prices rose $0.26 (9%) to $3.08/MMBtu. Transco Zone 6, NYC, prices added $0.04/MMBtu (1.4%) to $2.92/MMBtu.
  • Tennessee Zone 4 Marcellus prices rose $0.19/MMBtu (8.4%) to $2.45/MMBtu. Prices at Dominion South added $0.12/MMBtu (9%) to $2.53/MMBtu.
  • SoCal Citygate prices corrected but remain at high levels; prices dropped $5.28/MMBtu (35%) to $9.74/MMBtu. Prices at PG&E Citygate, Northern California, rose $0.04/MMBtu (1.2%) to $3.21/MMBtu.
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Power curves collapse in ERCOT and edge higher in Midwest and Northeast, as extreme temperatures in the South and Southwest ease.

TrueMarket Update

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

General Update

gen07312018

  • Financial gas markets traded marginally higher. The NYMEX Henry Hub futures contract for September 2018 delivery rose $0.05/MMBtu, roughly 2%, to close the week at $2.78/MMBtu.
  • Physical spot gas prices were generally higher. At the Chicago Citygate prices added $0.03, about 1.13%, to $2.69/MMBtu. Prices at SoCal Citygate are still on the rise, jumping another $5.95, 65.6%, from $9.07/MMBtu to $15.02/MMBtu. Prices for the Southern California area topped out at $39.24/MMBtu this past Monday July 23, 2018, which is the highest nominal price the EIA has reported since its beginnings in 2008. High temperatures and continued delivery restraints are to blame. Prices at PG&E Citygate, serving the Northern California area, only added $0.21 (about 7.09%) to $3.17/MMBtu.
  • At the Algonquin Citygate, serving the greater Boston area, prices traded $0.11 higher (4.06%) to $2.82/MMBtu. Transco Zone 6, NYC, prices increased $0.05 (1.76%) to $2.88/MMBtu.
  • Prices moved slightly higher in the Mid-Atlantic. Tennessee Zone 4 Marcellus prices ticked $0.01 higher (>0.5%) to close at $2.26/MMBtu. Prices at Dominion South, Pennsylvania, increased $0.04 (1.69%) to $2.41/MMBtu yesterday.
  • While Texas has been experiencing record heat, gas prices were steady; prices at the Houston Ship Channel actually dipped $0.04 (1.4%) to $2.85/MMBtu yesterday. The Texas market is well supplied even during high demand scenarios.
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Natural gas and power curves mixed as rising natural gas production offsets upwards pressure from low storage and higher temperatures.

TrueMarket Update

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

General Update

gen07242018
  • Financial gas markets were essentially unchanged. The August 2018 contract added $0.01 to close the week at $2.76/MMBtu.
  • Physical spot gas prices were mixed. At the Chicago Citygate prices slipped $0.09, about 3.3%, to $2.66/MMBtu. The price at SoCal Citygate shot up $4.47, a staggering 97%, to $9.07/MMBtu. Prices have increased $5.36 since July 4th due to high temperatures and continued delivery restraints in the Southern California area. Prices at PG&E Citygate added $0.03 (about 1%) to $2.96/MMBtu.

  • At the Algonquin Citygate, serving the greater Boston area, prices ticked just $0.01 higher (less than 0.5%) to $2.71/MMBtu. Transco Zone 6, NYC, prices fell $0.09 (3%) to $2.83/MMBtu.
  • Prices moved higher in the Mid-Atlantic. Tennessee Zone 4 Marcellus prices traded $0.16 (7.6%) higher to close at $2.25/MMBtu. Prices at Dominion South increased $0.20 (9.2%) to $2.37/MMBtu yesterday.
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Temperatures ease, helping gas and power prices move lower in most markets.

TrueMarket Update

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

General Update

gen07172018
  • Financial gas markets hardly moved, with the August 2018 NYMEX Henry Hub forward contract losing $0.01, less than 1%, to close the week at $2.84/MMBtu.
  • Physical gas markets were mixed. At the Chicago Citygate, prices slipped $0.01, less than 0.5%, to $2.75/MMBtu. The price at SoCal Citygate jumped $1.16 (more than 30%) to $4.60/MMBtu, likely due to recent record-high temperatures in Southern California. At the Algonquin Citygate, serving the greater Boston area, prices fell $0.48 (15%) to $2.70/MMBtu. Transco Zone 6, NYC, prices dropped $0.14 (4%) to $2.92/MMBtu.
  • In the Mid-Atlantic, Tennessee Zone 4 Marcellus prices traded $0.08 (3.6%) lower to close at $2.09/MMBtu. Prices at Dominion South gave up $0.17 (7%) to $2.17/MMBtu yesterday.

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