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