Suez Weekly Market Monitor
PJM PowerPJM power prices started the week increasing and leveled off by mid week. The week closed at a higher mark compared to last week.
Cinergy prompt month finished the week at $70.30/MWh, a change of 5.62%, increasing $3.95/MWh.
NI Hub prompt month finished the week with a gain of $3.20/MWh closing at $68.55/MWh, a change of 4.67%.
PJM West Hub prompt month gained $6.45/MWh closing at $89.80/MWh, a change of 7.18%.
PSEG prices for the prompt month closed at $111.80/ MWh, a change of 5.77% or $6.45/MWh.
Compared to 3 months ago, PJM prices are 6% to 10% lower for the same trading period.
Natural Gas Market
Natural gas prices started the week on an inclining path and dropped by mid-week. The week closed with prices reverting back to its increasing path.
NYMEX prices for the prompt month finished the week at $6.66/MMBtu an increase of 3.27% or $0.22/MMBtu.
Aug 2007 prices are 10.47% lower than 3 months ago for the same delivery period.
NYMEX Bal. '07 closed at $7.31/MMBtu a change of 2.63%, up $0.19/MMBtu.
NYMEX Cal '08 finished the week at $8.32/MMBtu; NYMEX Cal '09 closed at $8.44/MMBtu.
Algonquin, Transco Z6, and Tetco M3 prompt month closed at $1.27/MMBtu, $1.59/MMBtu, and $1.09/MMbtu respectively.
Natural Gas Storage: Gas in Storage Increased 106 Bcf
This represents a net increase of 106 Bcf from the previous week.
Stocks were 64 Bcf less than last year at this time and 374 Bcf above the 5-year average of 2,253 Bcf.
In the East Region, stocks were 145 Bcf above the 5-year average following net injections of 70 Bcf.
Stocks in the Producing Region were 175 Bcf above the 5-year average of 721 Bcf after a net injection of 29 Bcf.
Stocks in the West Region were 54 Bcf above the 5-year average after a net addition of 7 Bcf.
At 2,627 Bcf, total working gas is within the 5-year historical range.
|Home :: Archives :: Contact||
June 25th, 2022
© 2022 321energy.com