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  Weekly Market Update
December 15, 2017
  Natural Gas

Natural gas futures continued to fall this week as the prompt month dropped 15 cents on Tuesday. January 2018 now approaching 50 cents down from December 2017's close.

Yesterday's storage report announced a 69 Bcf withdrawal of gas from storage, larger than what was anticipated but still much less than the 5 year average for this week.

Real time power prices were steady from last week keeping the 30 day average right around $25/MWh.

Electricity futures also continued to fall reaching new lows on Tuesday and Wednesday. The 12 month strip is now at a new low of $29.38/MWh.
  12 & 24 Month NYMEX Strip
  12 & 24 Month Zone A Power Strip
  This document is intended for indicative purposes only. All information contained within this report is acquired from third party sources and EnergyMark makes no representations or warranties, express or implied, as to the accuracy of the information provided herein. EnergyMark is not liable for any actions or decisions made in reliance on the information provided in the report.
The NYISO yesterday released a report on the retirement of the Indian Point Energy Center, a major nuclear plant outside New York City, including findings the retirement could be managed reliably. That conclusion assumed enough replacement power resources will be added in the Lower Hudson Valley.
Three power plants are already far enough along in their permitting and construction processes that they will be available when the nuclear plant closes, the report said. They total 1,818 MW while Indian Point has a capacity of 2,311 MW.
If the three power plants under construction do not start up in time, the retirements could cause some issues, the ISO said, and under that scenario, the LOLE (Loss of Load Expectation) target would not be met as soon as the first reactor retires. The situation would worsen through 2027, it added.

 Weather Watch  
  NOAA 8-14 Day Outlook
  NOAA 30 Day Outlook