NEI Energy Markets Report (July 10th - 14th)

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

Electricity prices increased last week due primarily to hot temperatures (see pages 1 & 2). Gas prices at the Henry Hub fell $0.09 to $5.60/MMBtu, falling again to the lowest price over the past year (see page 4).

In 2006, total U.S. natural gas consumption is projected to fall below 2005 levels by 1.7 percent then increase by 4.2 percent in 2007. Electric power sector consumption of coal is projected to grow by some 0.3 percent in 2006 and by another 1.6 percent in 2007. Power sector demand for coal continues to increase in response to high natural gas and oil prices. Electricity consumption is expected to increase by 0.6 percent in 2006 and by 1.4 percent in 2007. In 2005, residential electricity prices rose an estimated 5.1 percent nationally. In 2006, these prices are expected to increase by 7.8 percent and, in 2007, by another 2.9 percent (see page 8).

For the report click here (pdf). It is also located on NEI's Nuclear Statistics webpage.

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