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Energy Market Update: July 26, 2016

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What factors are driving down natural gas and electricity prices?

In the latest Energy Market Update, Tim Bigler — Direct Energy Business Energy Advisor — overviews current fixed natural gas and electricity prices and discusses the growing impact of renewables. 

Watch the video below to learn more. 

2017 Regional Natural Gas Prices

Natural gas prices are declining. Most of the country is between the $3.00-$3.50 mark, while prices in three constrained regions — NE Algonquin, NY Iroquis and Transco Z6 NY — are higher than the rest of the country. 

2017 Regional Electricity Prices

Regional electricity prices are also declining as they are highly correlated to natural gas prices. 

U.S. Wind/Solar Output Peak Shaving Natural Gas Generation

Increased wind and solar output during peak periods is displacing natural gas demand from the U.S. power sector and may be having a significant impact on both natural gas and electricity prices. 

For additional energy market news and information, please visit our Market Insights page and sign up for our Daily 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: July 26, 2016