Here's a summary of what went on in the energy markets last week:
For the report click here (pdf). It is also located on NEI's Nuclear Statistics webpage.
Electricity prices were again decreasing throughout the country last week (see pages 1 & 2). Gas prices continued to fall at the Henry Hub declining $.21 to $5.17/MMBtu (see page 4).
Electricity consumption is expected to increase by 0.9 percent in 2006 and by 1.2 percent in 2007. Electric power sector consumption of coal is projected to grow by a modest 0.3 percent in 2006, and then increase by another 2.0 percent in 2007. Barring extreme weather for the rest of the year, we expect the Henry Hub spot price to increase to an average of almost $10 per mcf by this January and then fall back to an average $7 per mcf by next summer. The Henry Hub price, which averaged $8.86 per mcf in 2005, is expected to average $7.51 per mcf in 2006 and $8.30 per mcf in 2007 (see page 8).
Technorati tags: Nuclear Energy, Nuclear Power, Electricity, Environment, Energy, Natural Gas, Oil