The first day of summer was this week and the July long weekend is quickly approaching! With summer
weather comes summer lightning storms. This week averaged 51% lower than the previous at $45.71/MWh.
Interestingly, daily settles were as high as $161/MWh and as low as $21/MWh. The forward curve has
continued the climb by ~$0.50/MWh.
Gas prices decrease this week with one day averaging below $0/GJ. The weekly average was also down 50%
The Trans Mountain Expansion was approved by the federal government last week with the expectation that
shovels will be back in the ground this year. Additionally, Bills C-48 and C-69 were passed. Premier Kenney
has stated that the legislation creates massive new uncertainty for energy projects.