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The spot natural gas price at Algonquin Citygate averaged $20.55/MMBtu in January 2022, the highest monthly average since February 2014. New England wholesale power also topped $100/MWh on 25 days in January.
Cold-driven load growth combined with constrained pipelines and scarce LNG keeps regional gas and power prices elevated and prone to spikes.
eia.govFeb 3, 2022After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% over 20.
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.
