Suez Weekly Market Monitor
Derek Mumford
Derek.mumford@suezenergyna.com
October 4, 2007
ERCOT Power
ERCOT power prices began the week on a steady path
and decreased at midweek. The week ended with
prices reverting to increased marks.
ERCOT Prompt month deliveries closed at $51.39/MWh,
decreasing $0.20/MWh or 0.38%.
ERCOT '09 finished the week at $72.21/MWh down,
0.18%.
ERCOT '10 closed the week at $70.60/MWh, down 0.09%.
The prompt month for the Houston Zone finished at $52.64/
MWh a decrease of 0.37% and the prompt month North
Zone finished at $52.17/MWh down 0.38%.
![](mumford100307a.jpg)
NYISO-NEPOOL Power
Northeast power prices started the week on a steady
path and decreased at midweek. It continued on the
same path as the week came to an end.
Prompt month prices for the Northeast decreased by 17%
to 23% compared to 3 months ago for the same trading
month.
NYISO Zone J prompt month closed the week at $83.05/
MWh decreasing $0.15/MWh, a loss of 0.18% from last
week.
NYISO Zone A prompt month finished at $58.30/MWh, a
loss of $0.80/MWh or 1.37%.
Massachusetts NEMA prompt month closed at $69.66/
MWh, an increase of 0.22% or $0.15/MWh.
Massachusetts SEMA prompt month finished the week at
$69.50/MWh, increasing 0.22% or $0.15/MWh.
$61.90/MWh, decreasing 2.67% or $1.65/MWh.
![](mumford100307b.jpg)
PJM Power
PJM 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 $48.05/MWh, a
change of 0.83%, decreasing $0.40/MWh.
NI Hub prompt month finished the week with a loss of
$0.85/MWh closing at $47.00/MWh, a change of 1.81%.
PJM West Hub prompt month gained $0.15/MWh closing
at $55.75/MWh, a change of 0.27%.
PSEG prices for the prompt month closed at $55.75/
MWh, a change of 0.27%, down $0.15/MWh.
Compared to 3 months ago, PJM prices are 17% to 19%
lower for the same trading period.
![](mumford100307c.jpg)
Natural Gas Market
Natural gas prices decreased
sharply as the
week began. This declining
path continued throughout the
week.
NYMEX prices for the prompt
month finished the week at
$6.87/MMBtu, an decrease of
1.75% or $0.12/MMBtu.
Nov. 07 prices are approximately
20% lower than 3
months ago.
NYMEX Cal. '08 closed at
$7.95/MMBtu, a change of
0.49%, down $0.04/MMBtu.
NYMEX Cal '09 finished the
week at $8.27/MMBtu; NYMEX
Cal '10 closed at $8.09/MMBtu.
Algonquin, Transco Z6, and
Tetco M3 prompt month closed
at $0.90/MMBtu, $1.48/MMBtu,
and $0.95/MMbtu respectively.
![](mumford100307d.jpg)
Natural Gas Storage: Gas in Storage Increased 74 Bcf
Working gas in storage was
3,206 Bcf as of Friday, September
21, 2007, according to
EIA estimates.
This represents a net increase
of 74 Bcf from the previous
week.
Stocks were 37 Bcf less than
last year at this time and 238
Bcf above the 5-year average
of 2,968 Bcf.
In the East Region, stocks
were 101 Bcf above the 5-year
average following net injections
of 44 Bcf.
Stocks in the Producing Region
were 110 Bcf above the 5-year
average of 841 Bcf after a net
injection of 20 Bcf.
Stocks in the West Region
were 27 Bcf above the 5-year
average after a net addition of
10 Bcf.
At 3,206 Bcf, total working gas
is within the 5-year historical
range. (Sources: EIA)
![](mumford100307e.jpg)
Derek Mumford
Energy Analyst
Suez Energy Resources
October 4, 2007
Derek.mumford@suezenergyna.com