Energy Update - 02/08/2021  (Plain Text Version)

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In this issue:
•  New Records Set for Electricity Generation from Wind
Editor's Note
•  Forecasts Warmer Then Cold
Weather
•  Washington, D.C. Area Cooling/Heating Degree Days

 

Editor's Note

Forecasts Warmer Then Cold

Weekly review for January 31 - February 6, 2021

 
On Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday, January 29, 2021 was 2,689 BCF.  This was a decrease of 192 BCF from the previous week. Inventories are now 41 BCF higher than last year at this time, 198 BCF above the 5-year average.
 
Energy markets, especially natural gas, were up this week.  After initially dipping as weather forecasts warmed for near term period, colder forecasts especially for days around 2/12/2021 eventually drove the market up. The NYMEX natural gas 12-month strip (Mar21-Feb22) ended up 5.6% and the PJM Western Hub 12-month strip was up 2.5%.
 
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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.