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Electric: The story remains the same as the majority of the country has been blasting air conditioning units to offset consistently blazing temperatures. Recent price falls in future year on-peak pricing have been abound throughout the summer, seemingly disregarding the scorching temperatures across the country. Interesting times lie ahead to see if market movements continue on this path as the heat begins to taper off. On-peak wholesale power prices for the remainder of calendar year 2016 have fallen roughly 5% over the past month. Similarly, future year on-peak pricing (2017-2020) has decreased in the 3-4% range as well. Gas: The August 2016 contract expired at $2.67, an 8.5% decrease from the July 2016 settlement of $2.92. The storage report for the week ending July 29th brought us the first summer withdrawal since August 2006, a span of almost exactly ten years. Temperatures in the week ending July 29th were so severely warm relative to historic summer heat that a need to pull natural gas from underground storage was necessary to meet the cooling demands of residential and commercial air conditioners throughout the U.S While storage injections have consistently come in well under year ago and five-year average injections, traders may soon turn their eye to the upcoming winter and realize ample supplies will be on deck regardless of the remainder of the refill season. With that being said, hitting the 4,000 BCF mark would prove instrumental in prompting an emotional market downturn heading into the upcoming withdrawal season. If you are not yet participating in the CES benefit program, please contact the Chamber or your CES representative for more information regarding Chamber Energy Solutions.