Suez Weekly Market Monitor
ERCOT on peak power prices began the week on a downward path and increased slightly at midweek. The week ended with prices reverting on a descending path.
ERCOT on peak prompt month prices finished the week at $58.24, down 0.12% or $0.07.
ERCOT Bal ‘08 closed at $71.02/MWh, down 0.34%
ERCOT Cal ‘09 closed at $72.54/MWh, down 0.26%.
ERCOT Cal ‘10 closed at $71.01/MWh, down 0.18%.
The prompt month for the Houston Zone on peak finished at $74.24/MWh, and the prompt month North Zone on peak finished at $68.24/MWh.
N ortheast power prices started the week on an inclining path and continued on this path through midweek. The week ended with prices leveling out.
NYISO Zone J on peak prompt month closed the week at $112.80/MWh, increasing $3.30/MWh, an increase of 2.93% from last week.
NYISO Zone A on peak prompt month finished at $74.33/ MWh, an increase of $4.20/MWh or 5.65%.
Massachusetts NEMA on peak prompt month closed at $82.78/MWh, an increase of 4.10% or $3.39/MWh.
Massachusetts SEMA on peak prompt month finished the week at $93.07/MWh, increasing 3.64% or $3.39/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 the week at $69.40/MWh, an increase of 5.80% or $4.02/MWh.
NI Hub on peak prompt month finished the same week with an increase of $3.88/MWh closing at $68.75/MWh, a change of 5.64%.
PJM West Hub on peak prompt month increased $3.79/ MWh closing at $83.79/MWh, a change of 4.53%.
PSEG on peak prices for the prompt month closed at $100.02/MWh, an increase of 3.79%, up $3.79/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 $8.66/MMBtu, up 4.15%.
NYMEX Bal ‘08 closed at $8.91/MMBtu, a change of 3.38%, up $0.30/MMBtu.
NYMEX Cal ‘09 finished the week at $8.77/MMBtu; NYMEX Cal ‘10 closed at $8.51/MMBtu.
Algonquin, Transco Z6, and Tetco M3 prompt month basis to NYMEX closed at $1.35/ MMBtu, $1.82/MMBtu and $1.16/MMBtu.
NYMEX crude prompt month prices closed at $95.50/BBL, an increase of 3.91% or $3.73 from the previous week.
Natural Gas Storage: Gas in Storage Decreased 120 Bcf
Working gas in storage was 1,942 Bcf as of Friday, February 8, 2008, according to EIA estimates.
This represents a net decline of 120 Bcf from the previous week.
Stocks were 183 Bcf less than last year at this time and 109 Bcf above the 5-year average of 1,833 Bcf.
In the East Region, stocks were 71 Bcf above the 5-year average following net withdrawals of 66 Bcf.
Stocks in the Producing Region were 72 Bcf above the 5-year average of 571 Bcf after a net withdrawal of 27 Bcf.
Stocks in the West Region were 34 Bcf below the 5-year average after a net drawdown of 27 Bcf.
At 1,942 Bcf, total working gas is within the 5-year historical range.
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January 17th, 2018
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