Weekly Energy Report
February 4, 2025
February 3rd – So, here's the deal: weather models are pointing to a cold snap at the tail end of the 11-15 day forecast. And guess what? That sent power and gas prices climbing as we kicked off the week. On-peak power prices? They were on a steady upward march today, with March natural gas futures jumping a solid 10% on the back of those chilly weather expectations.January 31st – Fast forward to the end of January, and the midday weather models were still showing above-normal temperatures. That trend pushed February power prices down. The rest of the power curve and natural gas? Pretty much stayed put as we wrapped up the week. Power prices kept sliding today, thanks to those warmer-than-usual temperatures sticking around for the next week.
