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Market Snapshot – March 20, 2023

NATURAL GAS PRICING IS STILL LOW, BUT WARNING SIGNS ARE ON THE HORIZON Natural Gas: SUPPLY IS UP, BUT SO IS DEMAND. ย NATURAL GAS INDUSTRIAL DEMAND NATURAL GAS POWER BURN DEMAND EIA: NATURAL GAS STORAGE REPORT WEATHER: COOLER TEMPS INTO EARLY APRIL EXCEPT IN THE SOUTHEAST This Week’s National Weather Outlook:ย ย Most of the U.S. will…

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EIA:ย Residential Retail Electric Choice Participation Rate has Leveled Off

In 2021, 26% of eligible U.S. customers participated in their state’s retail choice program, or 13.2 million U.S. residential electric customers, based on EIA’s Annual Electric Power Industry Report data. The participation rate in U.S. residential retail choice programs remained relatively unchanged from 2019 to 2021, following several years of modest growth.ย  In states with…

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Market Snapshot – Monday, March 13, 2023

Weather: FORECAST CALLS FOR BELOW NORMAL TEMPS, BUT THE NORMAL TEMP IS WARMER Several cold weather systems will sweep the US early this week, bringing a strong demand for natural gas. Temperatures will warm later in the week, easing demand, but colder-than-normal weather systems will return over most of the US for the weekend. HAVE…

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Market Snapshot: March 9, 2023

WEATHER: NEAR NORMAL TEMPERATURES THROUGH MID-MARCH HAVE WE HIT THE BOTTOM OF THE NATURAL GAS MARKET? NATURAL GAS MARKET PRICES CREEP HIGHER DESPITE GOOD STORAGE NUMBERS. EIA: NATURAL GAS STORAGE REPORT Electricity: PJM BGE HUB FORWARD POWER PRICING Electricity: PJM AD HUB PRICING 2023 Electricity, which usually runs parallel to Natural Gas in market movement,…

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Market Snapshot: Monday, Feb. 27, 2023

Natural Gas Market Continues to Dominate Headlines! WEATHER: COLD FRONT PUSHING THROUGH GREAT PLAINS AND UPPER MIDWEST With the onset of Winter Storm Olive, the gas and electricity markets have slightly increased, with Natural Gas moving above $2.50. This will likely continue for the next few days unless the system moves north or breaks apart.…

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