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,…

EIA: Electricity Production Costs Increased with fuel Costs in 2021

FEBRUARY 2023: Electricity Insights After adjusting for inflation, costs for major U.S. utilities to produce electricity rose 6% in 2021 due to rising fuel costs. Electricity production costs declined for several years as natural gas prices fell and new low-cost renewable generators came online. However, the cost to deliver electricity across transmission and distribution lines…