Direct Energy Business
Market Data For Your Home Contact Us
Market Updates

Daily Market Update October 9, 2017

Early Morning Update

The Nov17 natural gas contract is up $.01 at $2.87.  Nov17 crude is up $0.04 at $49.33.



The prompt NG contract ended the week on a down note, finish the day lower by $.06 to close the week at $2.863.  That’s the low point for prompt month since early August.  Near-term prices have been driven lower due mostly to mild weather forecasts, which is keeping demand low.  We’re also seeing high NG production with daily levels coming in over 74 bcf.  There has been a small drop in production recently due to Hurricane Nate, but this should be temporary and workers should be returning to the rigs this week.  
On the power side, we did see a sharp rise in ERCOT pricing as Luminant announced the retirement of the Monticello Power Plant.  Monticello is a coal-fired plant capable of generating 1,800MW and the retirement is scheduled for January 2018.  Heat rates rose as a result of the announced retirement.


Market Update 100917 

Market Settles 100617

To subscribe to Daily Market updates please visit