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Suez Weekly Market Monitor

Derek Mumford
Derek.mumford@suezenergyna.com
October 10, 2007

ERCOT Power
ERCOT power prices began the week on a steady path and stayed on the same path through mid week.

Prices increased slightly as the week came to an end.

ERCOT Prompt month deliveries closed at $54.75/MWh, increasing $3.25/MWh or 5.94%.

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 $57.13/ MWh a decrease of 6.26% and the prompt month North Zone finished at $54.75/MWh down 5.94%.

NYISO-NEPOOL Power
Northeast power prices started the week on a steady path and increased slightly at midweek. Prices returned to its original levels as the week came to an end.

Prompt month prices for the Northeast decreased by 17% to 25% compared to 3 months ago for the same trading month.

NYISO Zone J prompt month closed the week at $78.70/ MWh increasing $2.15/MWh, a gain of 2.73% from last week.

NYISO Zone A prompt month finished at $58.61/MWh, a gain of $1.31/MWh or 2.24%.

Massachusetts NEMA prompt month closed at $63.81/ MWh, an increase of 1.61% or $1.03/MWh.

Massachusetts SEMA prompt month finished the week at $62.93/MWh, increasing 1.64% or $1.03/MWh.

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 $48.72/MWh, a change of 4.76%, increasing $2.32/MWh.

NI Hub prompt month finished the week with a gain of $1.35/MWh closing at $47.60/MWh, a change of 2.84%.

PJM West Hub prompt month gained $3.73/MWh closing at $57.23/MWh, a change of 6.52%.

PSEG prices for the prompt month closed at $69.23/ MWh, a change of 5.39%, down $3.73/MWh.

Compared to 3 months ago, PJM prices are 16% to 19% lower for the same trading period.

Natural Gas Market
Natural gas prices started the week on a steady pace. Prices increased slightly at mid-week. The week closed with prices at the same levels as the mid-week price.

NYMEX prices for the prompt month finished the week at $6.42/MMBtu, an increase of 5.34% or $0.34/MMBtu.

Nov. 07 prices are approximately 23% 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 $1.13/MMBtu, $1.48/MMBtu, and $0.95/MMbtu respectively.

Natural Gas Storage: Gas in Storage Increased 57 Bcf
Working gas in storage was 3,263 Bcf as of Friday, September 28, 2007, according to EIA estimates. This represents a net increase of 57 Bcf from the previous week.

Stocks were 54 Bcf less than last year at this time and 227 Bcf above the 5-year average of 3,036 Bcf.

In the East Region, stocks were 88 Bcf above the 5-year average following net injections of 33 Bcf.

Stocks in the Producing Region were 109 Bcf above the 5-year average of 856 Bcf after a net injection of 14 Bcf.

Stocks in the West Region were 30 Bcf above the 5-year average after a net addition of 10 Bcf.

At 3,263 Bcf, total working gas is within the 5-year historical range.

(Sources: EIA)

 

Derek Mumford
Energy Analyst
Suez Energy Resources
October 10, 2007
Derek.mumford@suezenergyna.com



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THURSDAY EDITION

November 23rd, 2017

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