Suez Weekly Market Monitor
ERCOT on peak power prices began the week on a steady path and increased at midweek. The week ended with prices continuing on an increasing path.
ERCOT on peak prompt month prices finished the week at $58.31, up 3.76% or $2.19.
ERCOT Bal ‘08 closed at $71.26/MWh, up 3.87%
ERCOT Cal ‘09 closed at $72.73/MWh, up 4.26%.
ERCOT Cal ‘10 closed at $71.14/MWh, up 3.17%.
The prompt month for the Houston Zone on peak finished at $72.94/MWh, and the prompt month North Zone on peak finished at $66.31/MWh.
Northeast power prices started the week on an inclining path and dipped slightly at mid week. The week ended with prices taking off on an inclining path.
NYISO Zone J on peak prompt month closed the week at $109.50/MWh, increasing $4.73/MWh, an increase of 4.32% from last week.
NYISO Zone A on peak prompt month finished at $70.13/ MWh, an increase of $2.95/MWh or 4.21%.
Massachusetts NEMA on peak prompt month closed at $79.39/MWh, an increase of 3.86% or $3.06/MWh.
Massachusetts SEMA on peak prompt month finished the week at $89.68/MWh, increasing 3.41% or $3.06/MWh.
PJM power prices started the week on an inclining path. Prices continued on this path as midweek approached and continued on this path till the end of the week.
Cinergy on peak prompt month finished last week at $65.38/MWh, an increase of 3.86% or $2.53/MWh.
NI Hub on peak prompt month finished the same week with an increase of $2.63/MWh closing at $64.88/MWh, a change of 4.05%.
PJM West Hub on peak prompt month increased $3.48/ MWh closing at $80.00/MWh, a change of 4.34%.
PSEG on peak prices for the prompt month closed at $96.23/MWh, an incline of 3.65%, up $3.52/MWh.
Natural Gas Market
Natural gas prices started the week on an inclining path and continued on this path as midweek approached. Natural gas prices finished the week staying relatively steady.
NYMEX prices for the prompt month ended the week at $8.30/MMBtu, up 6.76%.
NYMEX Bal ‘08 closed at $8.61/MMBtu, a change of 6.06%, up $0.52/MMBtu.
NYMEX Cal ‘09 finished the week at $8.74/MMBtu; NYMEX Cal ‘10 closed at $8.54/MMBtu.
Algonquin, Transco Z6, and Tetco M3 prompt month basis to NYMEX closed at $1.31/ MMBtu, $1.81/MMBtu and $1.12/MMBtu.
NYMEX crude prompt month prices closed at $91.77/BBL, an increase of 3.06% or $2.81 from the previous week.
Natural Gas Storage: Gas in Storage Decreased 200 Bcf
Working gas in storage was 2,062 Bcf as of Friday, February 1, 2008, according to EIA estimates.
This represents a net decline of 200 Bcf from the previous week.
Stocks were 317 Bcf less than last year at this time and 62 Bcf above the 5-year average of 2,000 Bcf.
In the East Region, stocks were 32 Bcf above the 5-year average following net withdrawals of 119 Bcf.
Stocks in the Producing Region were 54 Bcf above the 5-year average of 616 Bcf after a net withdrawal of 50 Bcf.
Stocks in the West Region were 25 Bcf below the 5-year average after a net drawdown of 31 Bcf.
At 2,062 Bcf, total working gas is within the 5-year historical range.
|Home :: Archives :: Contact||
July 21st, 2019
© 2019 321energy.com