WEDNESDAY EDITION

June 20th, 2018

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Suez Weekly Market Monitor

Derek Mumford
Derek.mumford@suezenergyna.com
March 21, 2007

ERCOT Power

ERCOT power prices remained steady in the beginning of the week and jumped mid week before closing lower than the previous week.
ERCOT Prompt month deliveries closed at $59.20/MWh, decreasing $0.79/MWh or 1.34%.
ERCOT ‘08 finished the week at $72.83/MWh down 0.02%.
ERCOT ’09 closed the week at $70.88/MWh up 0.18%.
The prompt month for the Houston Zone finished at $63.33/ MWh an decrease of 1.25% and the prompt month North Zone finished at $61.45/MWh down 1.70%.

NYISO—NEPOOL Power

Northeast power prices increased mid week, closing lower compared to last week.
Prompt month prices for the Northeast are 7% to 9% less than 3 months ago for the same trading month.
NYISO Zone J prompt month closed the week at $84.50/ MWh decreasing $2.15/MWh, a change of 2.54%.
NYISO Zone A prompt month finished at $59.25/MWh a loss of $1.75/MWh or 2.95%
Massachusetts NEMA prompt month closed at $75.75/ MWh a change of 0.73% or $0.55/MWh.
Massachusetts SEMA prompt month finished the week at $70.30/MWh, increasing 1.85%.

PJM Power

PJM power prices started the week steady and jumped mid week while closing up compared to last week.
Cinergy prompt month finished the week at $54.00/MWh, a change of 1.85% increasing $1.00/MWh.
NI Hub prompt month finished up $1.80/MWh to close at $53.65/MWh, a change of 3.36%.
PJM West Hub prompt month loss $0.30/MWh closing at $61.50/MWh, a change of 0.49%.
PSEG prices for the prompt month closed at $68.80/MWh, a change of 2.11% or $1.45/MWh.
Compared to 3 months ago, PJM prices are 4% to 5% lower for the same trading period.

Natural Gas Market

Natural gas prices started the week with a decrease and took a slower decline at the end of the week.
NYMEX prices for the prompt month finished the week at $6.92/MMBtu a decrease of 2.30% or $0.16/MMBtu.
March 2007 prices are 6.82% lower than 3 months ago for the same delivery period.
NYMEX Bal. ‘07 closed at $7.58/MMBtu a change of 1.87%, down $0.14/MMBtu.
NYMEX Cal ‘08 finished the week at $8.21/MMBtu; NYMEX Cal ‘09 closed at $7.99/MMBtu.
Algonquin, Transco Z6, and Tetco M3 prompt month closed at $1.35/MMBtu, $1.59/MMBtu, and $1.09/MMbtu respectively..

Natural Gas Storage: Gas in Storage Decreased 115 Bcf

Working gas in storage was 1,516 Bcf as of Friday, March 9, 2007, according to EIA estimates. This represents a net decline of 115 Bcf from the previous week.

Stocks were 324 Bcf less than last year at this time and 158 Bcf above the 5-year average of 1,358 Bcf.

In the East Region, stocks were 35 Bcf above the 5-year average following net withdrawals of 92 Bcf.

Stocks in the Producing Region were 103 Bcf above the 5-year average of 461 Bcf after a net withdrawal of 22 Bcf. Stocks in the West Region were 19 Bcf above the 5-year average after a net drawdown of 1 Bcf.

At 1,516 Bcf, total working gas is within the 5-year historical range.

(Source: EIA)

 

Derek Mumford
Energy Analyst
Suez Energy Resources
Derek.mumford@suezenergyna.com



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WEDNESDAY EDITION

June 20th, 2018

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