Energy figures show natural gas futures price falls to $2.43

The Energy Information Administration (EIA) reported Oct. 2 that the natural gas futures price has fallen to $2.43/mmBtu.

The $2.43/mmBtu gas futures figure represents a three-year low, the Wall Street Journal reported Oct. 2.

The $2.43 figure is almost 16 cents less than one week earlier and $1.59 less than one year earlier, according to the EIA data.

EIA said that natural gas inventories for the week ended Sept. 25 were reported at 3,538 Bcf. That’s 98 Bcf more than a week earlier and up 454 Bcf from one year earlier, according to EIA.

Weekly coal production for the week ended Sept. 25 was just over 17.5 million tons, according to EIA. That figure is down .29 million tons from one week earlier and 2.8 million tons less than the weekly figure from one year earlier.

EIA cited a New York Mercantile Exchange (NYMEX) futures price for coal of $42.13/ton.

For the NYMEX futures market, coal contracts specify delivery by seller to the buyer at barge terminals on two limited sections of river located in Central Appalachia, near the confluence of the Big Sandy and the Ohio Rivers.

National Rural Electric Cooperative Association (NRECA) said Oct. 2 that spot coal prices for the Power River Basin (8,800 Btu) coal was $11.55 per short ton for the week ending Sept. 25, which is unchanged from one month earlier. One year ago the price was $11.25 per short ton.

On the nuclear power front, fall is reactor refueling season. The Nuclear Regulatory Commission (NRC) lists 11 of the nation’s 99 power reactors at zero generation.

While the Public Service Enterprise Group (NYSE:PEG) Hope Creek 1 unit was listed at 17% power early Oct. 2 by NRC, a PSEG spokesperson, however, said the reactor had not synched to the grid yet.

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at