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Suez Weekly Market Monitor

Derek Mumford
Derek.mumford@suezenergyna.com
June 6, 2007

ERCOT Power
ERCOT power prices began the week with a slight decrease and reached its peak by mid week. The week closed with prices continuing on a steady rate.

ERCOT Prompt month deliveries closed at $96.47/MWh, decreasing $0.48/MWh or 0.49%.

ERCOT '08 finished the week at $80.46/MWh up 1.08%.

ERCOT '09 closed the week at $78.23MWh up 1.09%.

The prompt month for the Houston Zone finished at $102.77/MWh an increase of 0.07% and the prompt month North Zone finished at $96.47/MWh down 0.49%.

NYISO-NEPOOL Power
Northeast power prices started the week on a steady rate and increased into mid week, prices decreased as the week came to an end but still finishing higher than last week.

Prompt month prices for the Northeast are 1% to 5% more than 3 months ago for the same trading month.

NYISO Zone J prompt month closed the week at $135.20/ MWh increasing $3.72/MWh, a change of 2.75%.

NYISO Zone A prompt month finished at $79.70/MWh a gain of $2.72/MWh or 3.41%

Massachusetts NEMA prompt month closed at $101.07/ MWh a change of 0.82% or $0.83/MWh.

Massachusetts SEMA prompt month finished the week at $92.07/MWh, increasing 0.90%.

PJM Power

P JM power prices started the week at an increasing rate and leveled off by mid week while closing at a higher price compared to last week.

Cinergy prompt month finished the week at $82.97/MWh, a change of 3.76%, increasing $3.12/MWh.

NI Hub prompt month finished the week with a gain of $2.60/MWh to close at $82.85/MWh, a change of 3.14%. PJM West Hub prompt month gained $3.28/MWh closing at $101.02/MWh, a change of 3.25%.

PSEG prices for the prompt month closed at $123.02/MWh, a change of 2.67% or $3.28/MWh.

Compared to 3 months ago, PJM prices are 3% to 7% higher for the same trading period.

Natural Gas Market
Natural gas prices started the week at a steady rate but increased slowly by mid week and the week ended with prices slightly decreasing from its mid week price.

NYMEX prices for the prompt month finished the week at $7.88/MMBtu an increase of 0.36% or $0.03/MMBtu.

June 2007 prices are 1.75% higher than 3 months ago for the same delivery period.

NYMEX Bal. '07 closed at $8.45/MMBtu a change of 0.23%, up $0.02/MMBtu.

NYMEX Cal '08 finished the week at $9.00/MMBtu; NYMEX Cal '09 closed at $8.77/MMBtu.

Algonquin, Transco Z6, and Tetco M3 prompt month closed at $1.40/MMBtu, $1.73/MMBtu, and $1.21/MMbtu respectively.

Natural Gas Storage: Gas in Storage Increased 18 Bcf
Working gas in storage was 2,053 Bcf as of Friday, May 25, 2007, according to EIA estimates.

This represents a net increase of 107 Bcf from the previous week.

Stocks were 179 Bcf less than last year at this time and 355 Bcf above the 5-year average of 1,698 Bcf.

In the East Region, stocks were 123 Bcf above the 5-year average following net injections of 65 Bcf.

Stocks in the Producing Region were 175 Bcf above the 5-year average of 593 Bcf after a net injection of 28 Bcf.

Stocks in the West Region were 57 Bcf above the 5-year average after a net addition of 14 Bcf.

At 2,053 Bcf, total working gas is within the 5-year historical range.

(Source: EIA)

 

Derek Mumford
Energy Analyst
Suez Energy Resources
June 6, 2007
Derek.mumford@suezenergyna.com



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October 16th, 2018

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