Energy Update - 10/05/2020  (Plain Text Version)

Return to Graphical Version

 

In this issue:
Editor's Note
•  Prices Down This Week As Storage Levels Remain High
Weather
•  Washington, D.C. Area Cooling/Heating Degree Days

 

Editor's Note

Prices Down This Week As Storage Levels Remain High

Weekly review for September 26 October 2, 2020

 
On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, September 25, 2020 was 3,756 BCF.  This was an increase of 76 BCF from the previous week and was in line with what the market was expecting.  Storage levels are 471 BCF (14.3%) higher than a year ago, and 405 BCF (12%) higher than the 5 year average for this date.
 
After a few seasonable days to start the month, it looks like warmer than normal temperatures will return, as the National Weather Service 8-14 day outlook predicts warmer than normal temperatures for our area.
 
Prices were lower this week for both gas and power.  At the end of the week, the NYMEX natural gas 12-month strip was down 5.6%, while the PJM West Hub 12-month forward curve was down 2%.  
 
 
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.