Natural gas futures price dips to $1.80/mmBtu

The futures price for March delivery of NYMEX natural gas was only $1.80/mmBtu, according to data published early Feb. 22 by the Energy Information Administration (EIA).

The NYMEX Henry Hub futures price for natural gas is running about $1.03/mmBtu less than it was at the same time last year, according to the EIA numbers.

In addition, nine of the 10 organized markets reported by EIA listed spot natural gas prices that were actually below $2, according to the latest EIA data.

New England recorded the highest spot natural gas price in the nation at only $2.05/mmBtu, according to EIA data.

As the markets move toward the shoulder season, power prices were also weak on Feb. 22. New England listed the highest spot power price at only $27.58/MWh.

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 wayneb@pennwell.com.