• Cold weather will be replaced by warmer-than-normal weather for the remainder of the month.
  • The natural gas storage withdrawal for the week ending January 12th was lower than market expectations. The cold weather during MLK Jr. holiday weekend as well as supply interruptions by freeze-offs may cause the withdrawal next week to be a surprise to the market. Warmer-than-normal weather is expected to mitigate the withdrawals for the following two weeks.
  • The natural gas commodity market is putting cold weather behind them for now, as the January 12th withdrawal was lower than expected and the anticipation of warmer-than-normal weather coming.
  • Wholesale power prices will continue following movements in natural gas commodity prices.