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November 21st, 2017

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Suez Weekly Market Monitor

Derek Mumford
Derek.mumford@suezenergyna.com
January 17, 2008

ERCOT Power
ERCOT on peak power prices began the week of 1/07/08 on an inclining path and dipped slightly at midweek . The week ended with prices increasing and returning back to its original levels.

ERCOT on peak prompt month prices finished the week at $56.85, up 4.84% or $2.75.

ERCOT ‘Bal ‘08 closed at $71.02MWh, up 2.79%

ERCOT ‘Cal ‘09 closed at $71.25/MWh, up 0.63%.

ERCOT ‘Cal ‘10 closed at $69.85/MWh, down 1.25%.

The prompt month for the Houston Zone on peak finished at $63.85/MWh, and the prompt month North Zone on peak finished at $60.73/MWh.



NYISO—NEPOOL Power
Northeast power prices started the week on an inclining rate and peaked at mid week. The week ended with power prices slightly declining.

NYISO Zone J on peak prompt month closed the week at $125.74/MWh increasing $8.99/MWh, an increase of 7.15% from last week.

NYISO Zone A on peak prompt month finished at $67.92/ MWh, a decrease of $0.58/MWh or 0.86%.

Massachusetts NEMA on peak prompt month closed at $101.94/MWh, an increase of 11.04% or $11.25/MWh.

Massachusetts SEMA on peak prompt month finished the week at $112.23/MWh, increasing 10.02% or $11.25/MWh.



PJM Power
PJM power prices started the week on an inclining path. Prices continued on the inclining path as mid week approached and continued on this same path to the end of the week.

Cinergy on peak prompt month finished last week at $67.71/MWh, an increase of 7.19%, or $4.87/MWh.

NI Hub on peak prompt month finished the same week with an increase of $5.69/MWh closing at $67.69/MWh, a change of 8.40%.

PJM West Hub on peak prompt month increased $7.84/ MWh closing at $84.00/MWh, a change of 9.33%.

PSEG on peak prices for the prompt month closed at $103.45/MWh, a change of 17.26%, up $17.86/MWh.



Natural Gas Market
Natural gas prices started last week on an inclining path and dropped after mid week. Natural gas prices finished the week reverting back to an inclining path.

NYMEX prices for the prompt month ended the week at $8.21/MMBtu, up 4.49%.

NYMEX Bal ‘08 closed at $8.38/MMBtu, a change of 3.85%, up $0.32/MMBtu.

NYMEX Cal ‘09 finished the week at $8.57/MMBtu; NYMEX Cal ‘10 closed at $8.42/MMBtu.

Algonquin, Transco Z6, and Tetco M3 prompt month basis to NYMEX closed at $1.28/ MMBtu, $1.96/MMBtu and $1.10/MMBtu.

NYMEX crude prompt month prices closed at $92.69/BBL, a decrease of 5.63% or $5.22 from the previous week.





Natural Gas Storage: Gas in Storage Decreased 171 Bcf
Working gas in storage was 2,750 Bcf as of Friday, January 4, 2008, according to EIA estimates. This represents a net decline of 171 Bcf from the previous week.

Stocks were 282 Bcf less than last year at this time and 122 Bcf above the 5-year average of 2,628 Bcf.

In the East Region, stocks were 7 Bcf above the 5-year average following net withdrawals of 93 Bcf.

Stocks in the Producing Region were 89 Bcf above the 5-year average of 775 Bcf after a net withdrawal of 58 Bcf.

Stocks in the West Region were 25 Bcf above the 5-year average after a net drawdown of 20 Bcf.

At 2,750 Bcf, total working gas is within the 5-year historical range.

(Sources: EIA)



 

Derek Mumford
Energy Analyst
Suez Energy Resources
January 17, 2008
Derek.mumford@suezenergyna.com



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TUESDAY EDITION

November 21st, 2017

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