Natural gas prices ended the year slightly lower than where they started at the beginning of 2018. After the record-breaking cold temperatures and low natural gas storage that led to substantial price spikes back in November, prices have fallen back down to lower level trends much like the rest of 2018. Lower natural gas prices this past year have been mainly driven by continued growth in natural gas production.

ERCOT power curves experienced price decreases. For the Houston zone, the 12 Month ATC strip dropped $1.56 (-3.4%) to $44.06. The 24 Month ATC strip dropped $0.91 (-2.1%) to $41.64, and the Cal 2020 ATC strip dropped to $39.21/MWh.

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