Energy Market Update As we approach the end of injection season, significant changes are underway in the energy market. Below, we highlight key developments in supply and demand and offer actionable advice for managing your energy costs. Weather Outlook and Natural Gas Demand (March 17-23) Natural Gas Supply Natural Gas Demand NYMEX 12-Month Strip ALL…
This week’s snapshot of the current energy market trends and recommendations for navigating the evolving landscape has arrived. Supply Overview EIA: NATURAL GAS STORAGE REPORT Weather Forecast : 6-10 & 8-14 Day Temperatures Weekly Weather Outlook: Impact on Natural Gas Prices This week, the weather is expected to have a mixed effect on natural gas…
Supply Update Weather Outlook Demand Trends NATURAL GAS STORAGE REPORT LNG EXPORTS NYMEX 12-MONTH STRIP Strategic Recommendations Consider longer-term agreements for better rates if you’re not using a managed product, such as with smaller accounts. However, pass-through capacity should be used whenever possible to reduce premiums. For managed index products, focus on reducing or eliminating…
WEATHER INSIGHTS Overall, the week starts with moderate demand, potentially decreasing midweek but then likely increasing towards the end of the week due to the forecasted snow. This variable weather pattern could lead to fluctuations in natural gas demand throughout the week, with a possible spike in consumption during the latter part of the week.…
Weather Outlook: East Coast Chill: The East Coast is still experiencing stubbornly cool weather. West Coast Warm-Up: The West Coast is starting to see warmer air building, with a potential warming trend expected in the next 2-3 weeks. Weather Impact: Freeze-Off Freeze-Off Concerns: Despite the frigid temperatures expected in the Eastern US this week, well-head freeze-offs are not…
This week’s energy market update involves factors influencing pricing and demand. Here’s what you need to know: Weather and Demand The cool weather pattern is expected to persist for another week, keeping the market steady. While there has been a slight upward movement in prices, we haven’t seen any dramatic swings. The forecast indicates one…
As we transition from winter to spring, the energy market is experiencing significant shifts. Here’s what you need to know: Weather and Demand The warmer temperatures forecast has impacted pricing as we move from February to March. February settled at $3.53, while March opened nearly 50 cents lower at $3.072. We’re expecting one more cold…
Governor Shapiro and PJM Interconnection have reached an agreement to control electricity prices in the PJM capacity market. The deal implements price controls with a cap of $325 and floor of $175 per megawatt-day for the 2026/2027 and 2027/2028 capacity auctions. This measure is expected to save consumers over $21 billion over two years. The…