Business electricity prices remained relatively unchanged as we wrapped up another week of sideways trading in the natural gas market. The NG OCT10 contract settled up 11.5 cents to close at $3.883 per MMBTU.
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for: ‘Business Electricity’
Business Electricity Prices Hold At Support
Business electricity prices continue to hold at support with Natural Gas (NGOCT 10) closing yesterday, down 4.6 cents to $3.76 / mmbtu on the Nymex Henry Hub. Between August 26 and Sept 10, we have traded in a range between $3.95 and $3.69.
Yesterday saw storage come about where we expected it to at net injection …
Electricity Prices Drop on Light Storage Draw
Electricity prices fell Thursday morning upon release of the latest natural gas storage report. According to the Energy Information Agency there was a withdrawal of 115 billion cubic feet of natural gas during the week of January 29th. The consensus among insiders was that there would be a draw of approximately 122 bcf.
The same week …