FRIDAY EDITION

June 22nd, 2018

ICONS Home :: Archives :: Contact  
321energy



Suez Weekly Market Monitor

Derek Mumford
Derek.mumford@suezenergyna.com
January 30, 2008

Ercot Power
ERCOT on peak power prices began the week on a declining path and leveled out at midweek. The week ended with prices increasing.
ERCOT on peak prompt month prices finished the week at $58.82, down 1.55% or $0.91.
ERCOT Bal ‘08 closed at $69.15MWh, down 0.82%.
ERCOT Cal ‘09 closed at $70.40/MWh, up 0.01%.
ERCOT Cal ‘10 closed at $69.53/MWh, up 0.13%.
The prompt month for the Houston Zone on peak finished at $69.07/MWh, and the prompt month North Zone on peak finished at $64.32/MWh.



NYISO—NEPOOL Power
Northeast power prices started the week on a declining path and leveled out as mid week approached.
The week ended with prices slowly increasing.
NYISO Zone J on peak prompt month closed the week at $105.50/MWh, decreasing $2.08/MWh, a decrease of 1.97% from last week.
NYISO Zone A on peak prompt month finished at $66.75/ MWh, a decrease of $2.08/MWh or 3.11%.
Massachusetts NEMA on peak prompt month closed at $78.36/MWh, a decrease of 3.00% or $2.35/MWh.
Massachusetts SEMA on peak prompt month finished the week at $88.65/MWh, decreasing 0.96% or $0.85/MWh.



PJM Power PJM power prices started the week on a declining path.
Prices continued on this path as mid week approached and increased slightly at the end of the week.
Cinergy on peak prompt month finished last week at $63.00/MWh, a decrease of 0.40% or $0.25/MWh.
NI Hub on peak prompt month finished the same week with a decrease of $1.08/MWh closing at $62.00/MWh, a change of 1.74%.
PJM West Hub on peak prompt month decreased $0.96/ MWh closing at $76.56/MWh, a change of 1.25%.
PSEG on peak prices for the prompt month closed at $92.75/MWh, a change of 1.13%, down $1.05/MWh.



Commodities Futures
Natural gas prices started last week on a declining path and continued on this path as mid week approached.
Natural gas prices finished the week staying relatively steady.
NYMEX prices for the prompt month ended the week at $7.95/MMBtu, down 0.80%.
NYMEX Bal ‘08 closed at $8.19/MMBtu, a change of 0.38%, down $0.03/MMBtu.
NYMEX Cal ‘09 finished the week at $8.45/MMBtu; NYMEX Cal ‘10 closed at $8.33/MMBtu.
Algonquin, Transco Z6, and Tetco M3 prompt month basis to NYMEX closed at $1.20/ MMBtu, $1.80/MMBtu and $1.02/MMBtu.
NYMEX crude prompt month prices closed at $90.57/BBL, a decrease of 2.34% or $2.12 from the previous week.



Natural Gas Storage: Gas in Storage Decreased 155 Bcf
Working gas in storage was 2,536 Bcf as of Friday, January 18, 2008, according to EIA estimates.
This represents a net decline of 155 Bcf from the previous week.
Stocks were 247 Bcf less than last year at this time and 174 Bcf above the 5-year average of 2,362 Bcf.
In the East Region, stocks were 59 Bcf above the 5-year average following net withdrawals of 80 Bcf.
Stocks in the Producing Region were 102 Bcf above the 5-year average of 707 Bcf after a net withdrawal of 49 Bcf.
Stocks in the West Region were 12 Bcf above the 5-year average after a net drawdown of 26 Bcf.
At 2,536 Bcf, total working gas is within the 5-year historical range.
(Sources: EIA)

Derek Mumford
Energy Analyst
Suez Energy Resources
January 30, 2008
Derek.mumford@suezenergyna.com



Home :: Archives :: Contact  

FRIDAY EDITION

June 22nd, 2018

© 2018 321energy.com



Visit 321gold.com