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The Energy Research Council national average retail electricity benchmark fell 1.0% in the week ending October 28 to $0.0738 per kWh. Texas posted the largest decline at 2.5%.
Natural gas futures had dropped as much as 19% in two weeks on mild weather, though winter gas prices were still higher than a year earlier.
Retail electricity prices track wholesale gas costs with a lag, so the recent gas decline is likely to ease power prices. This is routine benchmark reporting with no new supply shock.
environmentenergyleader.comksilversteinOct 28, 2016Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
