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December 12th, 2018

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Suez Weekly Market Monitor

Derek Mumford
Derek.mumford@suezenergyna.com
September 26, 2007

ERCOT Power
ERCOT power prices began the week on a decreasing path and hit its lowest mark at midweek. The week ended with prices reverting to an increasing path.

ERCOT Prompt month deliveries closed at $51.50/MWh, decreasing $0.93/MWh or 1.81%.

ERCOT 09 finished the week at $72.34/MWh up, 0.38%.

ERCOT 10 closed the week at $70.66/MWh, up 0.72%.

The prompt month for the Houston Zone finished at $53.55/ MWh a decrease of 0.48% and the prompt month North Zone finished at $51.50/MWh down 1.81%.

NYISO-NEPOOL Power
Northeast power prices started the week on a declining path and increased slightly at midweek. It continued on the same path as the week came to an end.

Prompt month prices for the Northeast decreased by 21% to 28% compared to 3 months ago for the same trading month.

NYISO Zone J prompt month closed the week at $76.55/ MWh decreasing $0.25/MWh, a loss of 0.33% from last week.

NYISO Zone A prompt month finished at $57.30/MWh, a gain of $0.25/MWh or 0.44%.

Massachusetts NEMA prompt month closed at $62.78/ MWh, a decrease of 2.63% or $1.65/MWh.

Massachusetts SEMA prompt month finished the week at $61.90/MWh, decreasing 2.67% or $1.65/MWh.

PJM Power
P JM power prices started the week at a constant rate and decreased slightly at mid-week. The week closed with prices staying on a descending path.

Cinergy prompt month finished the week at $46.40/MWh, a change of 2.16%, decreasing $1.00/MWh.

NI Hub prompt month finished the week with a loss of $0.65/MWh closing at $46.25/MWh, a change of 1.41%.

PJM West Hub prompt month lost $1.30/MWh closing at $53.50/MWh, a change of 2.43%.

PSEG prices for the prompt month closed at $65.50/ MWh, a change of 1.98%, down $1.30/MWh.

Compared to 3 months ago, PJM prices are 20% to 23% lower for the same trading period.

Natural Gas Market

Natural gas prices decreased sharply as the week began and reached its lowest mark at mid-week. The week closed with prices slightly returning to an increasing path.

NYMEX prices for the prompt month finished the week at $6.08/MMBtu, an decrease of 3.27% or $0.20/MMBtu.

Oct. 07 prices are approximately 27% lower than 3 months ago.

NYMEX Cal. 08 closed at $7.99/MMBtu, a change of 0.55%, up $0.04/MMBtu.

NYMEX Cal 09 finished the week at $8.32/MMBtu; NYMEX Cal 10 closed at $8.13/MMBtu.

Algonquin, Transco Z6, and Tetco M3 prompt month closed at $1.16/MMBtu, $1.54/MMBtu, and $0.98/MMbtu respectively.

Natural Gas Storage: Gas in Storage Increased 63 Bcf
Working gas in storage was 3,132 Bcf as of Friday, September 14, 2007, according to EIA estimates.

This represents a net increase of 63 Bcf from the previous week.

Stocks were 32 Bcf less than last year at this time and 238 Bcf above the 5-year average of 2,894 Bcf.

In the East Region, stocks were 106 Bcf above the 5-year average following net injections of 41 Bcf.

Stocks in the Producing Region were 107 Bcf above the 5-year average of 824 Bcf after a net injection of 16 Bcf.

Stocks in the West Region were 25 Bcf above the 5-year average after a net addition of 6 Bcf.

At 3,132 Bcf, total working gas is within the 5-year historical range. (Sources: EIA)

 

Derek Mumford
Energy Analyst
Suez Energy Resources
Sept 26, 2007
Derek.mumford@suezenergyna.com



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WEDNESDAY EDITION

December 12th, 2018

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