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Suez Weekly Market Monitor
Derek Mumford ERCOT Power ERCOT power prices declined at the start of the week. Prices took an upward turn by mid week and the week ended with a steady upward slope on the price of power. ERCOT Prompt month deliveries closed at $71.89/MWh, increasing $1.89/MWh or 2.63%. ERCOT '08 finished the week at $78.04/MWh up 1.71%. ERCOT '09 closed the week at $75.03/MWh up 1.93%. The prompt month for the Houston Zone finished at $75.64/ MWh an increased of 2.66% and the prompt month North Zone finished at $71.89/MWh up 2.63%.
NYISO-NEPOOL Power Northeast power prices started the week on a consistent path and decreased by mid week, closing at a lower price compared to last week (with SEMA as an exception). Prompt month prices for the Northeast are 1% higher to 5% lower than 3 months ago for the same trading month. NYISO Zone J prompt month closed the week at $88.30/ MWh decreasing $0.15/MWh, a change of 0.17%. NYISO Zone A prompt month finished at $61.30/MWh a loss of $1.10/MWh or 1.79% Massachusetts NEMA prompt month closed at $80.20/ MWh a change of 0.69% or $0.55/MWh. Massachusetts SEMA prompt month finished the week at $75.75/MWh, increasing 4.29%.
PJM Power PJM power prices kicked off the week on a downward track. It started increasing by mid-week and continued on this upward path as the week ended. Cinergy prompt month finished the week at $58.40/MWh, a change of 2.23%, increasing $1.30/MWh. NI Hub prompt month finished up $1.55/MWh to close at $57.50/MWh, a change of 2.70%. PJM West Hub prompt month lost $0.05/MWh closing at $66.70/MWh, a change of -0.07%. PSEG prices for the prompt month closed at $78.50/MWh, a change of 2.42% or $1.90/MWh. Compared to 3 months ago, PJM prices rose from 2% to 11% for the same trading period.
Natural Gas Market Natural gas prices began the week on a downward trend. Prices cooled mid-week and began to rise the remainder of the week. NYMEX prices for the prompt month finished the week at $7.61/MMBtu a decrease of 0.03%. March 2007 prices are 0.11% lower than 3 months ago for the same delivery period. NYMEX Bal. '07 closed at $8.22/MMBtu a change of 0.02%. NYMEX Cal '08 finished the week at $8.74/MMBtu; NYMEX Cal '09 closed at $8.40/MMBtu. Algonquin, Transco Z6, and Tetco M3 prompt month closed at $1.39/MMBtu, $1.66/MMBtu, and $1.15/MMbtu respectively.
Natural Gas Storage: Gas in Storage Increased 17 Bcf Working gas in storage was 1,569 Bcf as of Friday, March 30, 2007, according to EIA estimates. This represents a net increase of 58 Bcf from the previous week. Stocks were 127 Bcf less than last year at this time and 337 Bcf above the 5-year average of 1,232 Bcf. In the East Region, stocks were 118 Bcf above the 5-year average following net injections of 25 Bcf. Stocks in the Producing Region were 177 Bcf above the 5-year average of 452 Bcf after a net injection of 32 Bcf. Stocks in the West Region were 42 Bcf above the 5-year average after a net addition of 1 Bcf. At 1,569 Bcf, total working gas is within the 5-year historical range. (Source: EIA)
Derek Mumford |
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