Weekly Energy Report
January 14, 2025
January 13th, 2025 - The energy markets were buzzing Monday. Power and gas prices for the rest of the month ticked up, all thanks to the anticipation of next week's cold snap, which is shaping up to be the harshest we've seen this winter. But hold on—midday weather models threw a curveball, dialing back those frigid forecasts. As a result, next week's power prices took a hit, dropping by $12 per megawatt-hour.January 10th, 2025 - Fast forward to the end of the week, and the cold outlook for January is holding strong. This sent power and gas prices climbing as we wrapped up the week. The latest weather models are now showing even more intense cold for January 20-24, pushing prices up by nearly $60 per megawatt-hour.
