Suez Weekly Market Monitor
PJM PowerPJM power prices started the week decreasing and leveled off by mid week. The week closed at a lower price compared to last week.
Cinergy prompt month finished the week at $74.70/MWh, a change of 14.91%, decreasing $11.14/MWh.
NI Hub prompt month finished the week with a loss of $10.93/MWh to close at $71.18/MWh, a change of 15.36%.
PJM West Hub prompt month lost $12.40/MWh closing at $90.70/MWh, a change of 13.67%.
PSEG prices for the prompt month closed at $112.70/MWh, a change of 11.00% or $12.40/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 decreasing rate and continued down this path into mid-week. Prices ended at a lower rate compared to the previous week.
NYMEX prices for the prompt month finished the week at $7.13/MMBtu a decrease of 11.05% or $0.79/MMBtu.
July 2007 prices are 1.91% higher than 3 months ago for the same delivery period.
NYMEX Bal. ‘07 closed at $7.74/MMBtu a change of 10.26%, down $0.79/MMBtu.
NYMEX Cal ‘08 finished the week at $8.65/MMBtu; NYMEX Cal ‘09 closed at $8.69/MMBtu.
Algonquin, Transco Z6, and Tetco M3 prompt month closed at $1.32/MMBtu, $1.64/MMBtu, and $1.13/MMbtu respectively.
Natural Gas Storage: Gas in Storage Increased 89 Bcf
This represents a net increase of 89 Bcf from the previous week.
Stocks were 121 Bcf less than last year at this time and 365 Bcf above the 5-year average of 1,979 Bcf.
In the East Region, stocks were 130 Bcf above the 5-year average following net injections of 60 Bcf.
Stocks in the Producing Region were 176 Bcf above the 5-year average of 656 Bcf after a net injection of 16 Bcf.
Stocks in the West Region were 59 Bcf above the 5-year average after a net addition of 13 Bcf.
At 2,344 Bcf, total working gas is within the 5-year historical range.
|Home :: Archives :: Contact||
June 3rd, 2023
© 2023 321energy.com