Energy Market Intelligence

Physical gas prices fall on warming temperatures. Power curves and natural gas futures move higher.

TrueMarket Update

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

General Update

gen05152018
  • Financial gas futures and power curves moved higher as warmer temperatures spread across much of the country. The NYMEX Henry Hub June 2018 contract rose $0.11/MMBtu, roughly 4%, to close the week at $2.71/MMBtu. Physical spot gas prices, on the other hand, moved lower as the warmer conditions reduced heating-related demand for natural gas.
  • Prices at the Algonquin Citygate fell $0.35, almost 14%, to $2.27/MMBtu. Transco Zone 6 prices slipped $0.07, about 2.5%, to end the week at $2.69/MMBtu. Marcellus area prices also fell on lower demand. The price at Dominion North lost $0.10, or 4.5%, to $2.10/MMBtu. Prices at the SoCal Citygate dropped $0.50, almost 14%, to $3.12/MMBtu.


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Moderate spring temperatures bring electricity and gas forward curves down before the summer heat arrives.

TrueMarket Update

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

General Update

gen05082018
  • Financial gas markets traded higher through the week, hitting $2.13/MMBtu mid-week, but gave back all gains with the June 2018 NYMEX Henry Hub forward contract closing the week at $2.09/MMBtu.
  • Physical gas spot prices continued to trend lower as moderate spring temperatures have settled in across the major load centers. Chicago Citygate pricing dropped $0.20 (8%) settling at $2.41/MMBtu. Algonquin Citygate, which serves the greater Boston area customers, also slid slightly lower to $2.62/MMBtu, a 4% decrease for the week.
  • Conversely Transco Zone 6 (New York City) prices jumped $0.32 (11.5%) due to maintenance on the northeastern segments of the Transcontinental Pipeline.
  • Prices in both Northern (PG&E Citygate) and Southern (SoCal Citygate) California rose, $0.16 (5.5%) and $0.68 (18%) respectively, on cooler temperatures and continued pipeline capacity constraints.
  • In the Mid-Atlantic region, prices fell due to warmer temperatures with Tennessee Zone 4 Marcellus giving up $0.29 (17%) and Dominion South falling $0.12 (5%).

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Power curves tick lower as warming temperatures spread. EIA reports a record-setting third consecutive weekly withdrawal for the month of April.

TrueMarket Update

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

General Update

gen05012018
  • Financial gas markets traded higher with the June 2018 NYMEX Henry Hub forward contract adding $0.07, or about 2.2%, to close the week at $2.77/MMBtu.
  • Physical gas spot prices trended lower as spring temperatures continued to warm up around the country. At the Chicago Citygate, prices fell $0.55 (17%) to $2.61/MMBtu. Prices at PG&E Citygate dropped $0.22 (7.5%) to $2.70/MMBtu. SoCal Citygate prices slipped $0.13 (7.5%) to $2.94/MMBtu.
  • At the Algonquin Citygate prices plunged $5.62 (67%) to $2.72/MMBtu as temperatures warmed up considerably and the Algonquin Gas Transmission Pipeline returned from scheduled maintenance. At New York’s Transco Zone 6 point, prices dropped $0.61 (20%) to $2.44/MMBtu.
  • The Tennessee Zone 4 Marcellus spot price ticked $0.06 (3%) lower to $1.93/MMBtu. Prices at the Dominion South point fell $0.33 (12.5%) to $2.32/MMBtu.

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Power curves and spot gas prices move higher.

TrueMarket Update

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

General Update

gen04242018
  • After trading in a $0.10/MMBtu range, the NYMEX Henry Hub May 2018 futures contract ended the week essentially unchanged at $2.74/MMBtu. Physical gas prices were generally higher, especially in the Midwest, Mid-Atlantic and Northeast where below normal temperatures were prevalent.
  • At the Chicago Citygate, prices increased $0.61 (about 24%) from $2.55 to $3.16/MMBtu. Algonquin Citygate prices jumped almost 100% from $4.23 to $8.34/MMBtu. The Algonquin Gas Transmission Pipeline began scheduled maintenance at its Stony Point compressor station on April 10, which constrained supply and contributed to the price spike.
  • At the Transco Zone 6 point prices rose $0.26 (9%) from $2.79 to $3.05/MMBtu. Tennessee Zone 4 spot prices added $0.28 (16%) from $1.71 to $1.99/MMBtu. Prices at Dominion South spiked $0.64 (32%) from $2.01 to $2.65/MMBtu. Prices at PG&E Citygate rose $0.18 (roughly 6.5%) from $2.74 to $2.92/MMBtu. SoCal Citygate prices fell $0.28 (8%) from $3.35 to $3.07/MMBtu.

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Financial gas markets and forward power curves move higher on cooler than normal temperatures and winter storm activity.

TrueMarket Update

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

General Update

gen04172018
  • Physical gas prices traded lower. At the Chicago Citygate prices fell $0.39 or about 3% to $2.55/MMBtu. Algonquin Citygate prices dropped $2.58, almost 40%, to $4.23/MMBtu. At the Transco Zone 6 point prices declined $0.13, about 5%, to $2.79/MMBtu.
  • In Tennessee Zone 4 spot prices fell $0.72, about 30%, to $1.71/MMBtu; prices at Dominion South dropped $0.56, roughly 22%, to $2.01/MMBtu yesterday.
  • Warmer conditions in California pushed spot prices higher. Prices at PG&E Citygate rose $0.08, or 3%, to $2.74/MMBtu. The price at SoCal Citygate jumped $0.38, more than 12%, to $3.35/MMBtu.
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Forward power curves mixed; financial gas contracts unchanged; physical gas prices move higher with colder than normal temperatures in the Northeast and upper Midwest.

TrueMarket Update

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

General Update

gen04102018
  • The NYMEX Henry Hub futures contract for May 2018 closed the week unchanged at $2.69/MMBtu. Below normal temperatures from the Dakotas to the Northeast pushed spot gas markets higher.
  • At the Chicago Citygate, prices rose $0.54 to $2.94/MMBtu. Prices at the PG&E Citygate added $0.10 to $2.66/MMBtu, while SoCal Citygate prices jumped $0.55 to $2.97/MMBtu. Supply constraints continue to push SoCal gas prices higher.
  • At the Algonquin Citygate prices spiked $4.46 to $6.81/MMBtu. Cold weather combined with upcoming outages at the Stony Point and Oxford Compressor stations helped move prices higher. Transco Zone prices rose $0.40 to $2.92/MMBtu.
  • Tennessee Zone 4 prices traded $0.37 higher to close at $2.43/MMBtu. Prices at Dominion South climbed $0.48 to $2.57/MMBtu.
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Physical spot gas prices dip for the week, while forward gas and power curves move higher.

TrueMarket Update

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

General Update

gen04032018
  • Forward power curves and financial gas futures traded higher for the week. The April 2018 NYMEX contracts rose $0.08/MMBtu, roughly 3%, to close at $2.73/MMBtu. Physical spot gas prices were mostly lower across the country as spring temperatures began to take hold.
  • At the Chicago Citygate, prices fell $0.17 to $2.40/MMBtu yesterday. The price at SoCal Citygate dropped $1.40 to $2.42/MMBtu. At PG&E Citygate in Northern California prices slipped $0.13 to $2.56/MMBtu.
  • Prices also trended lower in the Northeast. At the Algonquin Citygate prices fell $1.47 to $2.35/MMBtu. Transco Zone 6 prices lost $0.38 to $2.52/MMBtu yesterday. Tennessee Zone 4 prices fell $0.44 to $2.06/MMBtu, and prices at Dominion South traded $0.43 lower to $2.09/MMBtu.


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Financial gas slips 4%; spot gas and power forwards are mixed based on regional demand factors.

TrueMarket Update

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

General Update

gen03272018.png
  • Financial gas futures dropped $0.11/MMBtu, roughly 4%, to close the week at $2.58/MMBtu. Physical gas spot prices were mixed based on regional demand factors. At the Chicago Citygate prices rose 0.04 to $2.57/MMBtu. Prices at PG&E Citygate fell $0.14 to $2.69/MMBtu. The price at SoCal Citygate jumped $0.40 to $3.82/MMBtu due to ongoing pipeline maintenance.
  • Northeast prices are mixed. At the Algonquin Citygate prices dropped $2.03 to $3.82/MMBtu; the Pilgrim nuclear plant remains out of service. At the Transco Zone 6 trading point prices rose $0.07 to $2.90/MMBtu. Tennessee Zone 4 prices added $0.11 to $2.50/MMBtu, while prices at Dominion South rose $0.04 to $2.52/MMBtu.

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Spot gas prices rise on colder than average temperatures; financial gas and power forwards tick lower.

TrueMarket Update

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

General Update

gen03202018.png
  • Financial gas markets edged lower, with the April 2018 futures contract falling $0.05/MMBtu, about 2%, to close the week at $2.68/MMBtu.
  • Physical spot prices were mixed, depending on local temperatures and demand conditions. At the Chicago Citygate, prices fell $0.11 to $2.53/MMBtu.
  • The price at SoCal Citygate jumped $0.45 to $3.42/MMBtu; Southern California Gas Company (SoCalGas) issued a critical notice that demand in Southern California was expected to increase with colder weather. Prices at PG&E Citygate slipped $0.03 to $2.83/MMBtu yesterday.
  • At the Algonquin Citygate prices rose $1.65 to $5.85/MMBtu. Transco Zone 6 prices fell $0.26 to $2.83/MMBtu. Tennessee Zone 4 prices increased $0.13 to $2.39/MMBtu, while prices at Dominion South added $0.18 to $2.48/MMBtu.

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Winter hangs on, pushing spot gas prices higher. Financial gas and power curves are generally unchanged; ERCOT curves continue to march higher.

TrueMarket Update

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

General Update

gen03132018.png
  • Financial gas markets were essentially unchanged after trading in a fairly tight range this week. The April 2018 NYMEX Henry Hub futures contract moved between $2.67 and $2.79/MMBtu for the week, but closed where it began at $2.71/MMBtu.
  • Physical spot prices were generally higher as winter temperatures hung on in the East. At the Chicago Citygate prices rose $0.24 to $2.64/MMBtu. Prices at PG&E Citygate added $0.09 to $2.86/MMBtu. The price at SoCal Citygate jumped $0.41 to $2.97/MMBtu.
  • At the Algonquin Citygate prices traded $1.88 higher to $4.20/MMBtu. A combination of colder than normal temperatures and an unscheduled outage at the Pilgrim nuclear plant in Plymouth, Massachusetts drove the increase. At the Transco Zone 6 point in New York prices rose $0.39 to $3.09/MMBtu. Tennessee Zone 4 prices increased $0.28 to $2.26/MMBtu, while prices at Dominion South rose $0.20 to $2.30/MMBtu.

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