NEI Energy Markets Report (October 30th - November 3rd)

Here's a summary of what went on in the energy markets last week:

Electricity prices were mixed to decreasing throughout the country last week (see pages 1 & 2). Gas prices fell at the Henry Hub decreasing $0.04 to $7.19 / MMBtu (see page 4).

Total U.S. coal consumption is expected to remain flat in 2006 and increase by 1.9 percent in 2007. Relatively high levels of natural gas in storage and a forecast of slightly warmer-than-normal weather (though not as warm as last winter) should keep Henry Hub spot prices below $9 per mcf through the winter heating season. EIA projects the monthly average Henry Hub spot price will peak in January at roughly $8.70 per mcf. The Henry Hub price is expected to average $7.06 per mcf in 2006 and $7.79 per mcf in 2007 (see page 8).

For the podcast click here. For the report click here (pdf). It is also located on NEI's Nuclear Statistics webpage. Technorati tags: Nuclear Energy, Nuclear Power, Electricity, Environment, Energy, Natural Gas, Oil