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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Northeast US gas prices have remained below the gas-to-coal fuel-switching range through the summer but higher winter prices could incentivize higher coal usage according to BNEF.
- Dominion and TETCO M3 gas prices have average 1.68$/mmbtu and 2.41$/mmbtu, this year, well below the 5.71$/mmbtu top of the switching range.
- TETCO M3 gas prices are set to jump above the range during winter 2023-24 before falling back to the lower end of the coal-to-gas switching range in summer 2024.
- Northeast power sector gas demand has been sitting above the top of the five-year range throughout the year aided by low gas prices and despite mild weather. Weather between April and August in the eastern US was the mildest in the last five years at an average of 2.8 cooling degree days (CDD).
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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