# ERC Price Benchmark Trends  Week Ending: October 28, 2016 - Environment+Energy Leader

> 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.

- Date: 2016-10-28 · published 2016-10-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9176-erc-price-benchmark-trends-week-ending-october-28-2016-environment-energy-leader
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

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.

## Sources

- environmentenergyleader.com: https://www.environmentenergyleader.com/stories/erc-price-benchmark-trends-week-ending-october-28-2016,14072

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.