Volume 16, Issue 9 March 18, 2019
In this Issue
Is FREE In Your Energy Budget?
Editor's Note
Peak Season Nears End
Make March Matter
Use Your Energy for Good
Weather
Local Heating Degree Days*
Our Wind Power Partners

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Editor's Note
Peak Season Nears End
Weekly review for March 9 - 16, 2019

 

On Friday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, March 08, 2019 was 1,186 BCF. This is a decrease of 204 BCF from the previous week. Inventories are currently 359 BCF lower than last year during this same period and 569 BCF below the 5-year average of 1,755 BCF.

A seasonal weather pattern will be in place for the next week across the PJM region, while a warming trend will start to build in the back half of the 15-day forecast. As we move out of peak weather season, plant outages will have potential price implications as plants and grid infrastructure are pulled off-line for maintenance.

Both power and gas prices decreased slightly this week. The PJM Western Hub 12 Month curve lost 0.8% and the NYMEX natural gas 12-month curve fell 0.4%.    


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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