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Energy Market Update: November 15, 2017

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What’s keeping natural gas prices at consistently low levels?

In this week's Energy Market Update, Tim Bigler — Direct Energy Business Energy Strategist — discusses natural gas futures and how the market may affect power prices.

Watch the video below to learn more.


Regional Natural Gas Prices

The New England and New York areas remain constrained while the Mid-Atlantic region is mid-range bound. In Southern California, a pipeline explosion has led to prices to bounding up significantly.

Going into 2019, New York will see some relief as the market begins to reflect upcoming renewables projects as well as pipeline capacity changes.

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Regional Power Prices

New York Zone J and NEEPOOL prices remain high. PJM West has also moved higher as pipeline expansion starts to take natural gas out of the region.

More than 5,000 MW of power generation is slated to retire in Texas, moving prices in the area higher. In California, the hot summer combined with high hydropower levels and transmission issues have put a risk premium back into power prices.

Stay tuned to the Direct Energy Business Blog for the latest energy market news and information.

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Posted: November 15, 2017