In ENGIE’s weekly At The Market report from The Schork Report, you can find analysis on calendar strips for both gas and power through 2023. Some peak strips are showing significant departures from one year ago. A prime example is NYISO Zone J Cal 2023. One year ago, this strip was trading at $45.41/MWh in a clear downtrend from a high near $57.00/MWh. This year, the same strip is rangebound since March and was trading at $41.28/MWh last week. The NYISO Zone J Cal 2022 and Cal 2021 strips are showing similar patterns. The gap between the current price and the prior year is narrowing for all three strips. For more information or to receive At The Market, talk to your ENGIE business development contact.