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