Catch up on August’s update.
Cushman & Wakefield and Premier Energy Auctions have released their Monthly Market Energy Update for August, a snapshot of economic, geopolitical and meteorological factors affecting the energy market.
Lower costs return to market.
After two months of rising prices, July saw lower costs, until the end of the month when there was a one-day gain of 8 percent—the largest since December. However, power and gas markets are lower today than they were at the beginning of the month.
Factors affecting the bull market included an increased natural gas demand for power generation due to above-average temperatures; factors affecting the bear market included the return of the Canadian natural gas production after a number of wildfires a few weeks ago decreased the supply.
Gary Graham, director of energy management, can take you through the report and your options.
Read the full August Energy Update for a more thorough description of last month’s news.