Volume 18, Issue 10 September 27, 2021
In this Issue
Fall Energy Preservation Tips
Editor's Note
Market Retreats a Bit as Winter Looms
Weather
Washington, D.C. Area Cooling/Heating Degree Days
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Editor's Note
Market Retreats a Bit as Winter Looms
Week in review for September 19 25, 2021
On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday September 17, 2021 was 3,082 BCF. This was an increase of 76 BCF from the previous week, close to market expectations. Inventories are now 589 BCF lower than last year at this time, and 229 BCF below the 5-year average: both of those numbers slightly better than last week but still on an unsettling trajectory heading into the winter.

Despite a jump on Thursday both power and gas were down for the week, with the 12-month NYMEX natural gas strip (Oct 21-Sep 22) off 3.7% and the PJM Western Hub ATC (7X24) 12-month strip down 2.9%. Both strips remain high above recent lows, with gas prices up 68% since March. Further out prices for 2024 and 2025 are more reasonable, and a significant discount versus 2022.

 

 

 

 

 

 

 

 

 

 

 

 

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