Volume 16, Issue 3 January 21, 2019
In this Issue
Giving Back to Our Community
Editor's Note
Cold Forecasts, High Prices
Energy Management
How to Stay Warm this Winter
Local Heating Degree Days*
Our Wind Power Partners

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Editor's Note
Cold Forecasts, High Prices
Weekly review for January 13 19, 2019


On Friday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, January 11, 2019, was 2,533 BCF. This was a decrease of 81 BCF from the previous week, a much lower than typical withdrawal for this time of year. Inventories are now only 77 BCF lower than last year at this time, 327 below the 5-year average. For the first time since July 27, levels are above the 5-year minimum value.   

This week the NYMEX natural gas 12-month strip (Feb19-Jan20) was up 5.2%, with the PJM West Hub strip up 5.1%. Even those relatively large changes do not fully illustrate the volatility we are seeing in the market, especially at the front of the curve. Prices for February 2019 were up 16% for gas and 25% for power on Monday alone, before giving up some of the gains later in the week. Both increases were driven by increasingly cold forecasts for the end of January, potentially extending into February as the market digests the impact of the fracturing polar vortex which can lead to more severe winter weather.

Our offices are closed on Monday, January 21, 2019 in observance of the Dr. Martin Luther King, Jr. holiday. 


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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