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Introducing the New 'Weekly Energy Market Update'

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Today, Direct Energy Business is thrilled to unveil the new Weekly Energy Market Update. The updated video format will feature clear and concise energy market insights coupled with cutting-edge charts and graphics. 

Below is the Direct Energy Business Weekly Energy Market Update for October 5, 2015. This week, Tim Bigler — Direct Energy Business Energy Advisor — overviews national trends in natural gas and power prices and discusses why producers may be forced to shut-in gas.

National Power Trends

Week over week power prices have dropped significantly across the country, except in Texas. In the ERCOT region, power prices are down to a lesser degree, partly due to previously subdued prices. 

National Natural Gas Trends

Natural gas basis prices for the winter market are subdued and have been declining for three straight weeks. 

Northeast Region 

In the Northeast region, the weather has continued to impact natural gas and power prices. Natural gas prices remain low due to near-record supply and decreased demand. 

Shut-in Volume 

Operational flow orders are beginning to be issued by pipelines due to an excess of natural gas on the system. If high production and low demand continue, producers may be forced to shut-in gas, similar to 2012.

For additional energy market news and information, please visit our Market Insights page and sign up for our Weekly Market Updates.

Tim Bigler, Senior Market Strategist at Direct Energy Business, is a 30+ year veteran of the U.S. natural gas, electric, and oil market.

Posted: October 05, 2015