Volume 18, Issue 10 April 19, 2021
In this Issue
Editor's Note
2023 & 2024 at a Discount
Washington, D.C. Area Cooling/Heating Degree Days
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Editor's Note
2023 & 2024 at a Discount
Week in review for April 11 17, 2021

On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday April 9 2021 was 1,824 BCF.  This was a decrease of 61 BCF from the previous week, slightly lower than market expectations. Inventories are now 242 BCF lower than last year at this time, but back above the 5-year average (by 11 BCF) after dipping below in February.

Forward energy markets were up this week. The NYMEX natural gas 12-month strip (May21-Apr22) ended up 3.3% and the PJM Western Hub ATC (7X24) 12-month strip was up 2.7%.  Looking at Calendar strips, for both power and gas, 2023 and 2024 are trading at a discount to both 2022 and 2025.  All strips are much closer to the 5-Year minimum versus the 5-Year Maximum as shown below.


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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