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Suez Weekly Market Monitor

Derek Mumford
Derek.mumford@suezenergyna.com
March 27, 2007

ERCOT Power

ERCOT power prices started the week steady but took a jump as prices reacted to the natural gas market.
ERCOT Prompt month deliveries closed at $61.42/MWh, increasing $2.22/MWh or 3.61%.
ERCOT ‘08 finished the week at $75.17/MWh up 3.10%.
ERCOT ’09 closed the week at $72.50/MWh up 2.24%.
The prompt month for the Houston Zone finished at $64.80/ MWh an increase of 2.27% and the prompt month North Zone finished at $63.22/MWh up 2.80%.

NYISO—NEPOOL Power

Northeast power prices started the week consistently but increased mid week, closing higher 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 $86.85/ MWh increasing $2.35/MWh, a change of 2.71%.
NYISO Zone A prompt month finished at $59.85/MWh a gain of $0.60/MWh or 1.00%
Massachusetts NEMA prompt month closed at $77.85/ MWh a change of 2.70% or $2.10/MWh.
Massachusetts SEMA prompt month finished the week at $71.85/MWh, increasing 2.92%.

PJM Power

PJM power prices started the week with a slow increase and continued to increase, closing up compared to last week.
Cinergy prompt month finished the week at $54.80/MWh, a change of 2.83% increasing $1.55/MWh.
NI Hub prompt month finished up $1.25/MWh to close at $53.75/MWh, a change of 2.33%.
PJM West Hub prompt month gained $2.10/MWh closing at $63.60/MWh, a change of 3.30%.
PSEG prices for the prompt month closed at $70.60/MWh, a change of 2.97% or $2.10/MWh.
Compared to 3 months ago, PJM prices are 5% to 6% lower for the same trading period.

Natural Gas Market

Natural gas prices started the week with a slow increase and continued to rise the remainder of the week.
NYMEX prices for the prompt month finished the week at $7.27/MMBtu a increase of 4.75% or $0.35/MMBtu.
March 2007 prices are 7.65% lower than 3 months ago for the same delivery period.
NYMEX Bal. ‘07 closed at $7.95/MMBtu a change of 4.68%, up $0.37/MMBtu.
NYMEX Cal ‘08 finished the week at $8.49/MMBtu; NYMEX Cal ‘09 closed at $8.19/MMBtu.
Algonquin, Transco Z6, and Tetco M3 prompt month closed at $1.37/MMBtu, $1.63/MMBtu, and $1.12/MMbtu respectively.

Natural Gas Storage: Gas in Storage Increased 17 Bcf

Working gas in storage was 1,533 Bcf as of Friday, March 16, 2007, according to EIA estimates. This represents a net increase of 17 Bcf from the previous week.
Stocks were 279 Bcf less than last year at this time and 239 Bcf above the 5-year average of 1,294 Bcf.
In the East Region, stocks were 76 Bcf above the 5-year average following net withdrawals of 10 Bcf. Stocks in the Producing Region were 132 Bcf above the 5-year average of 452 Bcf after a net injection of 20 Bcf. Stocks in the West Region were 32 Bcf above the 5-year average after a net addition of 7 Bcf.
At 1,533 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

September 20th, 2017

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