The Enernova Insights

Just four years ago, $2.50/Mcf was seen as the breakeven price for U.S. natural gas production. Today, that number has moved sharply higher.

Our market research team is seeing signs of a short-term shift in power markets. Our modeling indicates the most likely near-term path is lower, with a projected 5% to 8% decline in forward pricing between now and mid-September.

Following this weekend’s U.S. strike on Iranian targets, we've received a wave of questions from clients about what this could mean for energy markets.

The biggest driver of future electricity prices won’t be the weather it’ll be whether the system can deliver power at all. We’re seeing a growing mismatch between energy demand and the capacity of the grid, supply chain, and labor force to support it.

Most commercial electricity customers in ComEd are already exposed to market price risk—even when they’re on a fixed-price contract.

The power grid serving over 65 million people across the Midwest and East Coast (PJM) is entering a period of tighter operating margins.

Beginning June 2025, PJM capacity prices will reflect a nearly 900% increase — a dramatic market shift that will now be largely locked in through May 2028.

New England pays some of the highest electricity and natural gas prices in the U.S.—not because of its distance from supply, but because it’s effectively cut off from it.

The natural gas market is shifting due to rising demand, LNG exports, and producer discipline, impacting prices, electricity costs, and infrastructure. While policy may affect supply, market fundamentals drive pricing trends. This analysis examines the key forces shaping the future.