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Weekly Energy Market Update: February 1, 2016

By Direct Energy Business
Energy Market Update

What is the current outlook for long-term electricity prices? 

In the Weekly Energy Market Update for February 1, 2016, Tim Bigler — Direct Energy Business Energy Advisor — overviews some interesting trends in the structure of 2017-2019 regional electricity prices. 

Natural Gas and Electricity Prices

There have not been any substantial changes in week-over-week natural gas and electricity prices. Both remain range bound. 

2017-2019 Regional Electricity Prices

In the New England and Mid-Atlantic regions, year-over-year electricity prices are declining due to forecasted natural gas prices. ERCOT prices are showing a higher correlation with NYMEX prices. In California, prices are increasing due to a leak in a storage cavern, which may not be available during peak periods. 

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: February 01, 2016

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