Volume 15, Issue 50 January 29, 2018
In this Issue
With Energy Choice, You Have the Power to Choose
Editor's Note
A Record Withdrawal?
Energy Answers
Why Microgrids Matter
Weather
Local Heating Degree Days*
Our Wind Power Partners

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Editor's Note
A Record Withdrawal?
Weekly review for January 21-27, 2018

 

On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, January 19, 2018 was 2,296 BCF. This was a decrease of 288 BCF from the previous week, and the second highest withdrawal on record (matching the withdrawal of 288 BCF for the week ending January 10, 2014, during the polar vortex). Inventories are now 519 BCF, which is 18.4% lower than last year at this time and 486 BCF (or 17.5%) below the 5-year average.


 
As the market looks at relatively low inventory levels and predictions of colder than normal weather again in February, forward markets moved up this week. For the week, the NYMEX natural gas 12-month strip rose 3.1% and the PJM West Hub 12-month forward curve was up 4.7%.

Stay tuned as we see what the rest of the withdrawal season brings for the energy markets.

 

This past week's market information is provided as a courtesy to our customers and is not indicative of, nor should be relied upon, as representative of future transactions.

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