Market Monitor Blog
Your home for commercial electricity and natural gas market news—covering market factors like supply, demand, regulatory affairs, weather, and more.
Nat Gas Sinks to New Low
The prospect of sub $2.00/mmbtu natural gas in mid January may be difficult for many market followers to grasp. Regardless, it became reality last week as the NYMEX Henry Hub benchmark fell to a 52-week low. Winter storm Jacob was not enough to overcome four consecutive weeks of mild weather across most… Read more
Can You Catch a Trend in Power Markets?
Courtesy of The Schork Group and ENGIE's At The Market weekly report, the week-over-week table below offers trend direction and potential price reversals based on a Parabolic SAR indicator combined with proprietary techniques. Read more
Energy Professionals to Meet in Dallas
Join The Energy Professionals Association at its upcoming meeting in Dallas on January 23. ENGIE is proud to sponsor this nonprofit association that is instrumental in providing market knowledge to help Texas consumers. Read more
Carbon Capture Projects Wait for Tax Guidance
Tax equity investors require a high level of certainty on the availability of tax credits when they invest. This reality has run into a delay regarding carbon capture and storage (CCS) projects. In 2018, the U.S. Congress added tax credits related to CCS with a promise of specific tax guidance before… Read more
Risk Appetite Drops in Three Markets
The new year has started on a low risk diet. Buyers in NYISO, ERCOT and PJM have reduced their interest in index/flex products. The ratio of risk in NEPOOL increased week-over-week. Read more
20169 Was Quite a Year
2019 is over and it was a newsworthy 12 months for energy. However, a few summaries of 2019 are drawing parallels to 2016. Read more
Commodity Correlations: Nat Gas With Aluminum, Against Gold
According to a correlation matrix from the EIA and the S&P Goldman Sachs Commodity Index, natural gas prices have two relatively strong coefficients to other commodities. Read more
NYISO Sets New Wind Production Record
It was a cold windy night on December 14, 2019 in New York. Strong winds in the Empire State set a new record for wind power at 1,675 MW just before midnight. Read more
First U.S. Offshore Wind Project to Be World’s Largest
The Coastal Virginia Offshore Wind project will be the first offshore wind project in U.S. federal waters. At a planed 12 MW, it will also be the world’s largest. Read more
What Would Fracking Ban Look Like?
As major U.S. elections draw closer, fracking bans are floated and gaining headlines. Are there reliable projections of what such a ban would do to natural gas prices? Read more