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

Daily Market Update February 16, 2021

Early Morning Update

The Mar21 natural gas contract is trading up $0.17 at $3.08. The Mar21 crude oil contract is up $0.23 at $59.70.


Cold winter has started impacting many different markets, but has been adversely hurting the Texas market the most. Prices for energy have temporarily hit near market maximums for the real time at $9,000/MWh since the 13th. The cold has prevented most of the wind turbines to operate, severely limiting the capacity across ERCOT and creating an undersupply and an announced Energy Emergency Alert Level 3. To lessen the burden on the utilities, ERCOT has begun rolling blackouts across different parts of the state that will last between 15 to 45 minutes. This historical weather event is a great example of why it is dangerous to ride the market without locking in at least a portion of your energy load. While weather forecasts are not calling for as cold of a beginning to next month, the forward prompt month for natural gas has been rising with the effects of current cold and has seen more than a 15-cent increase per MMBtu. While it would not be unexpected to see a decrease in forwards for natural gas as the near-term cold weather wanes, there is market concern that storage will be depleted to the point where the next year or so will have limited storage and higher prices as a result.


Market Update 02 16 2021

Market Settles 02 12 2021


To subscribe to Daily Market updates please visit