• Colder-than-normal weather is projected for the end of March for almost everywhere west of the East Coast. The summer continues to be projected as warmer-than-normal.
  • The current natural gas storage surplus will weigh on the market into the summer.
  • The colder weather projected for the end of March has caused natural gas prices to move higher, although prices remain at relatively low levels.
  • The 12-month New England natural gas transportation basis prices have increased as higher oil prices drive demand for LNG.
  • Wholesale power prices follow movements in the natural gas commodity and natural gas transportation prices.