Energy Market Intelligence

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.

TrueMarket Update

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

General Update

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  • 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.

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Warmer temperatures continue for most of the country, sending power and gas prices lower for a second straight week.

TrueMarket Update

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

General Update

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  • The NYMEX Henry Hub March 2018 forward contract dropped $0.26/MMBtu, more than 10%, to close the week at $2.58/MMBtu.
  • Spot prices also came under pressure. At the Chicago Citygate, prices fell $0.44 to $2.67/MMBtu. Prices at PG&E Citygate dropped $0.20 to $2.54/MMBtu. The price at SoCal Citygate fell $0.18 to $2.58/MMBtu.
  • At the Algonquin Citygate prices jumped $1.80 to $8.10/MMBtu. At the Transco Zone 6 point prices rose $0.28 to $4.81/MMBtu yesterday.
  • Tennessee Zone 4 Marcellus prices lost $0.41 to $2.40/MMBtu. Prices at Dominion South fell $0.48 to $2.47/MMBtu yesterday.

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Power and gas prices plunge on bearish weather forecasts for the end of February.

TrueMarket Update

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

General Update

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  • Financial gas markets traded sharply lower. The March 2018 NYMEX Henry Hub contract dropped $0.32/MMBtu, roughly 10%, to close the week at $2.84/MMBtu.
  • Physical gas spot prices were also generally lower. At the Chicago Citygate, prices fell $0.16 to $3.11/MMBtu. Prices at PG&E Citygate dropped $0.28 to $2.74/MMBtu, while SoCal Citygate prices plunged $0.72 to $2.76/MMBtu.
  • Northeastern prices had a very volatile week. At the Algonquin Citygate prices gave up $8.68 to $6.30/MMBtu. At the Transco Zone 6 point, prices slipped $0.59 to $4.53/MMBtu. Marcellus area prices were higher; Tennessee Zone 4 rose $0.26 to $2.81/MMBtu, while prices at Dominion South added $0.17 to $2.95/MMBtu.

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Forward power and gas curves move higher on colder forecasts for early February. Spot gas prices mixed.

TrueMarket Update

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

General Update

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  • The February 2018 NYMEX Henry Hub futures contract rose $0.35, or 11%, to close the week at $3.52/MMBtu as the market focused on the next wave of frigid temperatures due in early February.
  • Spot gas basis prices were mixed. At the Chicago Citygate, prices fell $0.05 to $3.27/MMBtu. The price at SoCal Citygate dropped $0.13 to $3.48/MMBtu yesterday. While demand has been strong, a series of pipeline maintenance and repairs were completed last week, which helps improve the supply situation. Prices at PG&E Citygate rose $0.03 to $3.02/MMBtu.
  • At the Algonquin Citygate prices jumped $1.18 to $14.98/MMBtu. Transco Zone 6 prices plunged $4.14 to $5.12/MMBtu. Marcellus area prices were also lower. Tennessee Zone prices fell $0.32 to $2.55/MMBtu. Prices at Dominion South dropped $0.14 to $2.78/MMBtu.

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Gas prices stabilize, power prices tick lower, as nationwide temperatures ease.

TrueMarket Update

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

General Update

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  • Financial gas markets were mostly unchanged. The February 2018 NYMEX Henry Hub contract gave up $0.02/MMBtu, less than 1%, to close the week at $3.17/MMBtu.
  • Physical gas spot prices were mostly higher. At the Chicago Citygate, prices increased $0.29 to $3.32/MMBtu. Prices at PG&E Citygate rose $0.12 to $2.99/MMBtu. The price at SoCal Citygate increased $0.47 to $3.61/MMBtu.
  • At the Algonquin Citygate prices jumped $9.32 to $13.80/MMBtu as a result of colder temperatures and increased demand. At the Transco Zone 6 point prices rose $6.04 to $9.26/MMBtu.
  • Tennessee Zone 4 Marcellus prices increased $0.33 to $2.87/MMBtu. Prices at Dominion South rose $0.23 to $2.92/MMBtu.

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Natural gas spot prices retreat from recent highs; gas and power forward curves jump on record withdrawal from natural gas storage.

TrueMarket Update

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

General Update

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  • Natural gas futures traded sharply higher for the week following the record withdrawal from storage. The NYMEX Henry Hub February 2018 contract rose $0.33/MMBtu, a gain of 11.5%, to close the week at $3.20/MMBtu.
  • Spot prices fell at most locations for the week, but remain above normal levels. The Henry Hub spot price dropped $3.77/MMBtu from $6.88 to $3.11/MMBtu. At the Chicago Citygate, prices fell $3.46 to $3.03/MMBtu. Prices at PG&E Citygate fell $0.21 to $2.87/MMBtu. At the SoCal Citygate prices declined $3.01 to $3.14/MMBtu.
  • At the Algonquin Citygate prices plunged $33.74 to $4.48/MMBtu. Algonquin prices hit a record high of $78.98/MMBtu during the Northeast’s latest snow event during which the Pilgrim Nuclear Power Station was taken offline after key transmission lines were damaged. Natural gas generation was called on to replace the base-load demand, helping push spot prices to new levels. Prices at the Transco Zone 6 also set a new record, hitting $140.06/MMBtu. For the week, Transco 6 prices fell $45.16 to $3.22/MMBtu.
  • Tennessee Zone 4 Marcellus prices dropped $3.21 to $2.54/MMBtu, while prices at Dominion South fell $3.17 to $2.69/MMBtu.

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Spot gas prices soar as winter storm Grayson hits the East coast; financial gas and power forwards slip as markets focus on warming trend for the second half of January.

TrueMarket Update

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

General Update

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  • Financial gas futures traded lower for the week as markets shifted their focus to a warming pattern for the second half of January. The NYMEX Henry Hub Feb. 2018 contract dropped $0.17/MMBtu, almost 6%, to close the week at $2.78/MMBtu.
  • Meanwhile, physical gas spot market prices continued their wild ride with extended cold impacting much of the East, South, and Central parts of the country.
  • Henry Hub spot prices rose $4.13 to $6.88/MMBtu. At the Chicago Citygate, prices increased $3.33 to $6.49/MMBtu. Prices at PG&E Citygate rose $0.19 to $3.08/MMBtu, while SoCal Citygate prices jumped $2.99 to $6.15/MMBtu as maintenance outages on key delivery lines continue.
  • Prices in the Northeast spiked due to winter storm Grayson. At the Algonquin Citygate prices jumped $15.93 to $38.22/MMBtu. At the Transco Zone 6 point prices rose an astonishing $31.84 to $48.38/MMBtu. Tennessee Zone 4 spot prices increased $3.54 to $5.75/MMBtu, while prices at Dominion South added $3.52 to $5.86/MMBtu.

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Severe cold grips the Eastern two thirds of the country sending power and gas prices sharply higher.

TrueMarket Update

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

General Update

  • The NYMEX Henry Hub futures contract for February 2018 rallied over the holiday weekend, adding $0.30/MMBtu, or 11.5%, to close the week at $2.95/MMbtu.
  • The Middle Atlantic and Northeast brace for a Nor’easter expected to bring a foot or more of snow to certain northern regions, with potential for power outages and suppressed production supply due to weather. These freezing temperatures are expected to continue through the rest of this week and into next week.
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Forward power prices rise across all major ISOs as cold temperatures linger in the North and East.

TrueMarket Update

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

General Update

  • Financial natural gas futures edged higher. The NYMEX Henry Hub January 2018 futures contract rose $0.05/MMBtu, roughly 2%, to close the week at $2.67/MMBtu.
  • Physical gas spot markets were mixed. At the Chicago Citygate prices ticked $0.02 higher to $2.64/MMBtu. Prices at PG&E Citygate slipped $0.02 to $2.89/MMBtu. The price at SoCal Citygate jumped $0.85 to $4.97/MMBtu.
  • At the Algonquin Citygate prices jumped $1.59 to $10.87/MMBtu, largely on the forecast for continued frigid temperatures and a potential disruption in supply at the key LNG terminal in Everett, Massachusetts. At the Transco Zone 6 trading point prices dropped $0.98 to $3.44/MMBtu.
  • Mid-Atlantic prices were mostly higher. Tennessee Zone 4 prices rose $0.11 to $2.12/MMBtu, while prices at Dominion South added $0.14 to $2.26/MMBtu. 
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Gas and power prices fall on moderating temperatures; holiday forecasts call for colder than normal conditions.

TrueMarket Update

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

General Update

  • Financial gas markets continued to trade lower on warming temperatures and bearish natural gas fundamentals. The NYMEX Henry Hub futures contract for January 2018 slipped $0.16/MMBtu, almost 6%, to close the week at $2.62/MMBtu.
  • Physical gas markets were mixed. At the Chicago Citygate, prices fell $0.29 to $2.62/MMBtu. Prices at PG&E Citygate dipped $0.06 to $2.91/MMBtu yesterday. SoCal Citygate prices plunged $1.90 to $4.12/MMBtu. Supply constraints and wildfire-related demand disruption has driven serious price volatility in Southern California.
  • Spot prices rose in the Northeast as colder weather persisted. At the Algonquin Citygate prices spiked $5.13 to $9.28/MMBtu. Transco Zone 6 prices jumped $1.16 to $4.42/MMBtu. Mid-Atlantic prices traded down as warmer air moved into the region. Tennessee Zone 4 prices fell $0.36 to $2.01/MMBtu. Prices at Dominion South dropped $0.42 to $2.12/MMBtu.
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