US Power Market Update - 2 Apr. 2021

With relatively mild conditions over the week ending 3/26, we saw our first natural gas storage injection of 2021. Last year's coincident week was a withdrawal, as is the net 5-year average. Weekly market movement on the power side remained relatively lackluster for remaining 2021, with the exception of CAISO, which is showing some summer strip volatility in anticipation of heat.

While 2021 futures remain mostly stagnant, we are beginning to see a bit of upward movement in 2022 and beyond, right across the board. Index positions still remain favorable, however any degree of unseasonable warmth through this shoulder season will likely push positions higher.

Budget-conscious customers remain in an advantageous position to secure budget-certainty into 2023 and beyond, as this shoulder season's calm current state offers prime opportunity to take outer-year risk off the table.

The information above is an excerpt from the applicable report referenced above. For a full and complete copy of this report please complete the form below, sign up for our newsletters or schedule a virtual meeting at your convenience.

Get The Full Report Delivered To Your Inbox

Fill out the form below and we'll send you the full report.

1 Your Details

2 Company Details

By submitting this form you agree to let NUS follow up with you related to your inquiry. Your information will be used for these purposes alone, we never buy, sell, or trade your personal data. For more information, please see our Privacy Information.