• Warmer-than-normal weather is anticipated into the beginning of March but early projections for the summer call for warmer-than-normal weather as well.
  • The warm weather anticipated for the end of the month has pushed the natural gas storage surplus to its high for the withdrawal season.
  • In terms of natural gas commodity, a producer announced production cuts, and with the summer expectations of warmer-than-normal weather, are turning attention towards firming prices.
  • New England natural gas transportation basis prices have dropped due to the anticipated warmer weather and lower European LNG prices.
  • Wholesale power prices follow movements in the natural gas commodity and natural gas transportation prices.