Energy Market Intelligence

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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Power burn demand rises as Florida returns to pre-Irma power generation levels. Power prices soft in Texas and the Northeast, modestly higher in PJM.

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 Oct 2017 futures contract falling $0.09/MMbtu, or roughly 3%, to close at $2.94/MMbtu.
  • Warmer temperatures in the East impacted spot market for physical gas. At the Chicago Citygate, prices rose $0.10 to $3.05/MMBtu. At the Algonquin Citygate prices jumped $0.62 to $2.75/MMBtu. Transco Zone 6 prices rose $0.73 to $3.16/MMBtu.
  • Tennessee Zone 4 spot prices added $0.66 to $1.66/MMBtu, while prices at Dominion South climbed $0.62 to $1.78/MMBtu. Cooler-than-normal temperatures pushed Western gas prices lower. Prices at PG&E Citygate fell $0.09 to $3.31/MMBtu. The price at SoCal Citygate declined $0.11 to $3.04/MMBtu.
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Power prices move higher in the Northeast with warmer than normal temperatures in the forecast; the Caribbean braces for Hurricane Maria.

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 Oct. 2017 ticked $0.03/MMBtu higher for a gain of roughly 2% closing at $3.03/MMBtu. Physical gas spot markets were generally higher as well. At the Chicago Citygate, prices rose $0.09 to $2.95/MMBtu.
  • Prices at PG&E Citygate added $0.04 to $3.40/MMBtu. The price at SoCal Citygate dropped $0.10 to $3.15/MMBtu. At the Algonquin Citygate prices jumped $0.44 to $2.13/MMBtu. The Transco Zone 6 price ticked $0.01 higher to $2.43/MMBtu.
  • PJM prices were much lower. Prices at the Dominion South point fell $0.25 to $1.16/MMBtu. Tennessee Zone 4 prices gave up $0.34 to $1.00/MMBtu.
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Power prices and financial gas markets move lower on mild temperatures and bearish fundamentals. Physical gas spot 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 lower on milder weather and bearish market fundamentals. The NYMEX Henry Hub Oct. 2017 futures contract gave up $0.13 to end the week at $2.90/MMBtu.
  • Physical spot prices were mixed. Chicago Citygate prices were mostly higher at mid-week but traded lower to close the week unchanged at $2.83/MMBtu. At the PG&E Citygate prices rose $0.03 to close at $3.36/MMBtu. The price at SoCal Citygate fell $1.35 to $3.25/MMBtu.
  • At Boston's Algonquin Citygate prices fell $0.41 to close at $1.69/MMBtu. At the Transco Zone 6 point prices rose $0.54 to $2.42/MMBtu. Tennessee Zone 4 prices fell $0.26 to $1.34/MMBtu. Prices at Dominion South dropped $0.19 to $1.41/MMBtu yesterday.
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Financial gas and power prices move higher. Texas prices spike due to Harvey as natural gas production remains severely constrained. The Caribbean and Florida brace for Category 5 Irma.

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 higher with the NYMEX Henry Hub Oct. 2017 futures contract rising $0.14, or 5%, to finish the week at $3.06/MMBtu.
  • Physical gas spot prices were generally weaker. At the Chicago Citygate prices fell $0.05 to $2.79/MMBtu. California prices were higher on persistent above average heat. The price at SoCal Citygate jumped $1.40 to $4.60/MMBtu, while prices at the PG&E Citygate rose $0.05 to $3.36/MMBtu yesterday.
  • Northeastern prices continue to trend lower. At Boston's Algonquin Citygate prices moved $0.16 lower to close at $2.10/MMBtu. At New York's Transco Zone 6 prices dropped $0.65 to $1.88/MMBtu. The Tennessee Zone 4 Marcellus price fell $0.06 to $1.60/MMBtu. Prices at Dominion South gave up $0.14 to $1.60/MMBtu.
 
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Harvey punishes East Texas with historic amounts of rain. Power prices fall on below normal temperatures for the end of August and early September.

TrueMarket Update

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

General Update

  • Financial gas markets were largely unchanged, with the NYMEX Henry Hub NYMEX Sept. 2017 contract closing at $2.89/MMBtu, just $0.01 higher.
  • Physical gas markets were mixed. Chicago Citygate prices dropped $0.01 to $2.84/MMBtu yesterday. Prices at PG&E Citygate rose $0.09 to $3.31/MMBtu. The price at SoCal Citygate increased $0.44 to $3.20/MMBtu yesterday.
  • At the Algonquin Citygate (Boston) prices fell $0.21 to $2.26/MMBtu on cooler temperatures. At the Transco Zone 6 point (New York City) prices rose $0.21 to $2.53/MMBtu yesterday. Tennessee Zone 4 Marcellus prices fell $0.11 to $1.66/MMBtu yesterday.
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Bearish storage data and cooler outlook for the balance of August pressure natural gas and power prices.

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 on a bearish storage report and a cooler-than-normal forecast for the balance of August. The Sept. 2017 NYMEX Henry Hub contract lost $0.10/MMBtu, about 3%, to finish the week at $2.88/MMBtu.
  • Physical gas markets were mixed. Prices at PG&E Citygate dropped $0.04 to close at $3.22/MMBtu. At SoCal Citygate prices lost $0.47 to $2.75/MMBtu. Northeast prices were mostly higher. At the Algonquin Citygate prices rose $0.39 to $2.47/MMBtu. Transco Zone 6 prices jumped $0.55 to $2.32/MMBtu. Tennessee Zone 4 prices rose $0.15 to $1.77/MMBtu; prices at Dominion South added $0.20 to $1.79/MMBtu.
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Power prices moved higher due to a forecasted return to normal summer temps in late August. Financial gas markets moved higher; physical gas markets were mixed on variable temps and 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 moved higher for the week on a general view that temperatures will likely rise in late August. The NYMEX Henry Hub Sept. 2017 contract rose $0.22/MMBtu, or almost 8%, to close the week at $2.99/MMBtu.
  • Physical gas markets were mixed. At the Chicago Citygate prices rose $0.03 to $2.80/MMBtu. As temperatures in California cooled, prices at the PG&E Citygate rose $0.01 to $3.26/MMBtu. The price at SoCal Citygate fell $0.33 to $3.23/MMBtu.
  • Cooler temperatures also pushed Northeast prices lower. At the Algonquin Citygate (Boston) prices fell $1.14 to $2.08/MMBtu. At the Transco Zone 6 point (New York) prices dropped $0.81 to $1.77/MMBtu. Marcellus area prices trended lower as well. Tennessee Zone 4 prices gave up $0.22 to close at $1.62/MMBtu. Prices at Dominion South fell $0.33 to $1.59/MMBtu.
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Gas markets trade lower on cooler temperatures and another bearish natural gas storage report. Power curves are mixed; lower in New England, steady in New York and Texas, and modestly higher in PJM.

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 about 6% lower for the week as a bearish storage report and below normal temperatures reduced demand. The September 2017 NYMEX futures contract lost $0.17 to end the week at $2.77/MMBtu.
  • At the Chicago Citygate prices fell $0.01 from $2.78 to $2.77/MMBtu. Prices at PG&E Citygate dropped $0.03 from $3.28 to $3.25/MMBtu. The price at SoCal Citygate jumped $0.34 from $3.22 to $3.56/MMBtu.
  • At the Algonquin Citygate (Boston) prices jumped $1.18 from $2.04 to $3.22/MMBtu. The Transco Zone 6 price added $0.84 from $1.74 to $2.58/MMBtu. PJM area prices moved higher as well. Tennessee Zone 4 prices rose $0.19 from $1.65 to $1.84/MMBtu. Prices at Dominion South traded $0.28 higher from $1.64 to $1.92/MMBtu.
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