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Suez Weekly Market Monitor

Derek Mumford
Derek.mumford@suezenergyna.com
September 19, 2007

ERCOT Power
ERCOT power prices began the week slowly increasing reached its peak at midweek and started declining. The week ended with prices reverting to an increasing path.

ERCOT Prompt month deliveries closed at $52.43/MWh, increasing $6.94/MWh or 13.24%.

ERCOT 09 finished the week at $71.96/MWh up, 2.03%.

ERCOT 10 closed the week at $69.94/MWh, up 0.62%.

The prompt month for the Houston Zone finished at $53.81/ MWh an increase of 12.20% and the prompt month North Zone finished at $52.43/MWh up 13.24%.

NYISO-NEPOOL Power
Northeast power prices started the week on a declining path and increased by midweek. It decreased to its original levels at the end of the week.

Prompt month prices for the Northeast decreased by 22% to 29% compared to 3 months ago for the same trading month.

NYISO Zone J prompt month closed the week at $76.80/ MWh decreasing $2.61/MWh, a loss of 3.40% from last week.

NYISO Zone A prompt month finished at $57.05/MWh, a gain of $3.90/MWh or 6.84%.

Massachusetts NEMA prompt month closed at $64.43/ MWh, an increase of 8.23% or $5.30/MWh.

Massachusetts SEMA prompt month finished the week at $63.55/MWh, increasing 8.34% or $5.30/MWh.

PJM Power
PJM power prices started the week at constant rate and increased slightly by mid-week. The week closed with prices staying on this slightly increasing path.

Cinergy prompt month finished the week at $47.40/MWh, a change of 6.43%, increasing $3.05/MWh.

NI Hub prompt month finished the week with a gain of $3.90/MWh closing at $46.90/MWh, a change of 8.32%.

PJM West Hub prompt month gained $5.30/MWh closing at $54.80/MWh, a change of 9.67%.

PSEG prices for the prompt month closed at $66.80/ MWh, a change of 7.93% or $5.30/MWh.

Compared to 3 months ago, PJM prices are 20% to 24% lower for the same trading period.

Natural Gas Market

Natural gas prices increased as the week began and decreased at midweek. The week closed with prices returning to an increasing path.

NYMEX prices for the prompt month finished the week at $6.28/MMBtu, an increase of 12.39% or $0.78/MMBtu.

Oct. 07 prices are approximately 28% lower than 3 months ago.

NYMEX Cal. 08 closed at $7.95/MMBtu, a change of 3.77%, up $0.30/MMBtu.

NYMEX Cal 09 finished the week at $8.26/MMBtu; NYMEX Cal 10 closed at $8.04/MMBtu.

Algonquin, Transco Z6, and Tetco M3 prompt month closed at $1.22/MMBtu, $1.62/MMBtu, and $1.04/MMbtu respectively.

Natural Gas Storage: Gas in Storage Increased 64 Bcf
Working gas in storage was 3,069 Bcf as of Friday, September 7, 2007, according to EIA estimates.

This represents a net increase of 64 Bcf from the previous week.

Stocks were at the same level this time last year and 260 Bcf above the 5-year average of 2,809 Bcf.

In the East Region, stocks were 119 Bcf above the 5-year average following net injections of 50 Bcf.

Stocks in the Producing Region were 113 Bcf above the 5-year average of 802 Bcf after a net injection of 12 Bcf.

Stocks in the West Region were 28 Bcf above the 5-year average after a net addition of 2 Bcf.

At 3,069 Bcf, total working gas is within the 5-year historical range. (Sources: EIA)

 

Derek Mumford
Energy Analyst
Suez Energy Resources
Sept 19, 2007
Derek.mumford@suezenergyna.com



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SATURDAY EDITION

November 25th, 2017

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