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October Energy Market Update

Categories: APPI

October 27, 2023

Henry Hub spot prices for natural gas rose 22% since our last update, breaking through the $3/MMBtu threshold for the first time since late January and hitting $3.30 before falling back to hover in the $3 range. Benchmark electricity prices rose less than 2% during the same timeframe. Electricity buyers in New York saw a 5% increase, the largest jump of the competitive power markets, while pricing in Massachusetts fell roughly 1.5%. Read on here.