• Moderate weather in the West is helping to mitigate colder weather in the East.
  • The natural gas storage injection on 10/6 was roughly equal to market expectations. The market supply and demand outlook is balanced which means weather can have an outsized influence.
  • Week over week the 12-month natural gas price average is up $.14/MMBtu with the gain occurring last Thursday and Friday. The natural gas storage injection announced on 10/12 did not provide the market any direction.
  • Rising natural gas commodity prices will flow through to wholesale power prices.