Volume 18, Issue 10 October 25, 2021
In this Issue
How You Can Go Green During Game Season
Editor's Note
Winter Looms
Washington, D.C. Area Cooling/Heating Degree Days
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Editor's Note
Winter Looms
Week in review for October 24-30, 2021

On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday October 15, 2021 was 3,461 Bcf.  This was an increase of 92 Bcf from the previous week, below market expectations.  Inventories are now 458 Bcf lower than last year at this time, and 151 Bcf below the 5-year average.  As we have been noting, these deficits have been improving, on absolute terms, for several weeks.  However there is now very little time left to make up any ground before the usual withdrawal season begins in November.

Energy markets retreated a bit, with the 12-month NYMEX natural gas strip (Nov 21-Oct 22) down 5.4% and the PJM Western Hub ATC (7X24) 12-month strip down 2.7%.  The decrease may be welcome to those still needing to lock in, but those prices remain much higher than they were at the beginning of 2021, with gas up 75% and power up nearly 100%.  The vast majority of the increase is for this coming winter, November 2021 – March 2022, with much lower prices out further.

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