Volume 18, Issue 10 April 4, 2022
In this Issue
Spring Energy Saving Tips
Editor's Note
Another Increase as Injection Season Begins
Washington, D.C. Area Cooling/Heating Degree Days
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Editor's Note
Another Increase as Injection Season Begins
Week in review for March 27- April 2, 2022
Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday March 25, 2022, was 1,415 Bcf.  This was an increase of 26 Bcf from the previous week.  This marked the first injection of the season and, was in-line with market expectations.  Inventories are now 347 Bcf lower than the same time last and 244 Bcf below the 5-year average.  

Once again prices were up for the week.  The 12-month NYMEX natural gas strip (May22-Apr23) was up 4.0% and the 12-month PJM STD 7x24 up 2.8% for the week ending 3/31/2022. 

Looking a little further out at the Calendar strips as shown in the table below, we see huge increases from the last year with gas up 75% and power up 101% for 2023.  Year over Year increases are significant though not as extreme for 2024-2026 which continue to trade at a significant discount to the nearer term.

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