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Energy Market Update: December 19, 2016

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What's the outlook for natural gas and electricity prices? 

In the latest Energy Market Update, Tim Bigler — Direct Energy Business Energy Strategist — overviews the latest NYMEX natural gas and ATC power price information. 

Watch the video below to learn more. 

NYMEX Natural Gas Prices (2017-2021)

2017 natural gas prices have increased from other price strips while rig counts have also climbed. The increased rig count may lead to a supply rebound for 2017, but growth in natural gas demand from the industrial sector, LNG exports and Mexico will also likely continue in 2017 and 2018. 

2017-2018 Regional ATC Power Prices

There has been some slight price volatility. NYISO J and NEEPOOL prices are currently higher than other regions. 

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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: December 19, 2016