Suez Weekly Market Monitor
November 28, 2007
ERCOT power prices began the week on a downward
path up to midweek. The week ended with prices
moving on a steady path.
ERCOT prompt month finished the week at $47.56, down
7.11% or $3.38.
ERCOT ‘Cal ‘08 closed at $66.44MWh, down 2.83%.
ERCOT ‘Cal ‘09 closed at $65.56/MWh, down 2.15%.
ERCOT ‘Cal ‘10 closed at $63.34/MWh, down 1.48%.
The prompt month on peak for the Houston Zone finished
at $55.19/MWh, and the prompt month North Zone on peak
finished at $47.56/MWh.
Northeast power prices started the week on a steady
path and decreased as midweek approached. The
week ended with power prices moving upwards.
NYISO Zone J on peak prompt month closed the week at
$93.23/MWh increasing $1.06/MWh, an increase of 1.14%
from last week.
NYISO Zone A on peak prompt month finished at $65.09/
MWh, an increase of $0.32/MWh or 0.49%.
Massachusetts NEMA on peak prompt month closed at
$77.29/MWh, an increase of 0.54% or $0.42/MWh.
Massachusetts SEMA on peak prompt month finished the
week at $78.68/MWh, increasing 0.53% or $0.42/MWh.
PJM power prices started the week on a steady path
and increased slightly at mid week. The week closed
with prices continuing on an increasing path.
Cinergy on peak prompt month finished last week at
$56.42/MWh, a change of 0.19%, increasing $0.11/MWh.
NI Hub on peak prompt month finished the same week
with an increase of $0.81/MWh closing at $57.31/MWh, a
change of 1.41%.
PJM West Hub on peak prompt month increased $0.58/
MWh closing at $67.33/MWh, a change of 0.87%.
PSEG on peak prices for the prompt month closed at
$83.63/MWh, a change of 0.70%, up $0.58/MWh.
Natural Gas Market
N atural gas prices started
the week on a declining
path and leveled off at midweek.
Natural gas prices finished
the week on an inclining
NYMEX prices for the prompt
month finished the week at
NYMEX Cal ‘08 closed at
$8.03/MMBtu, a change of
0.55%, down $0.04/MMBtu.
NYMEX Cal ‘09 finished the
week at $8.44/MMBtu; NYMEX
Cal ‘10 closed at $8.33/MMBtu.
Algonquin, Transco Z6, and
Tetco M3 prompt month basis
to NYMEX closed at $1.17/
MMBtu, $1.49/MMBtu and
Natural Gas Storage: Gas in Storage Increased 4 Bcf
Working gas in storage was
3,540 Bcf as of Friday, November
16, 2007, according to EIA
This represents a net increase
of 4 Bcf from the previous
Stocks were 91 Bcf higher than
last year at this time and 284
Bcf above the 5-year average
of 3,256 Bcf.
In the East Region, stocks
were 87 Bcf above the 5-year
average following net withdrawals
of 11 Bcf.
Stocks in the Producing Region
were 148 Bcf above the 5-year
average of 923 Bcf after a net
injection of 8 Bcf.
Stocks in the West Region
were 50 Bcf above the 5-year
average after a net addition of
At 3,540 Bcf, total working gas
is above the 5-year historical
Suez Energy Resources
November 28, 2007