Volume 17, Issue 2 January 27, 2020
In this Issue
How to Stay Warm at Home This Winter
Editor's Note
How Low Can Prices Go?
Washington, D.C. Area Cooling/Heating Degree Days
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Editor's Note
How Low Can Prices Go?
Weekly review for January 19 - January 25, 2020
On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday Jan 17, 2020 was 2,947 BCF.  This was a decrease of 92 BCF from the previous week and was lower than the expectations. Inventories are now 554 BCF higher than last year at this time, 251 BCF above the 5-year average.
Despite the relatively cold weather experienced this last week forecasts have been getting warmer and that has continued to put significant downward pressure on prices.  For the week, PJM Western Hub 12 Month curve (Feb20-Jan21) was down 3.6% and the NYMEX natural gas 12-month curve was off 5%.  Power is at a 5-year low for 2020 and Gas is at a 5 year low for each year through 2023.


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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