• Moderate weather is anticipated until the middle of the month with longer-range outlooks beginning to get colder.
  • The natural gas storage injection on 9/29 fell short of market expectations. With reports of slower production and colder weather, the storage outlook is not bright. Still, the current surplus remains strong.
  • The market reacted to the lower-than-expected injection into storage for the week ending 9/29 by pushing prices higher. With the winter in front of us, it will be difficult to pull the natural gas commodity prices back down.
  • Rising natural gas commodity prices will flow through to wholesale power prices.