FEBRUARY 2026 – Record breaking sustained cold temperatures has led to significant increases in demand for electricity and natural gas. Near record demand, coupled with the resulting volatility in the energy markets, has driven pricing to levels not seen in many years. This extreme weather event, in combination with existing problems, means significantly higher utility bills this winter.
In the Northeast, prior to the arrival of record cold weather, existing problems include: rising electricity demand, phase out of dependable natural gas fired generation plants and an aging electricity transmission grid. These problems are now “magnified” leading to the situation we face. Transition to renewable energy sources has its problems, specifically, lack of electricity generation during winter months. Over our 26 years in this business it is safe to say the challenges moving forward are as great as we have seen.
Upstate Utilities is ready to discuss our energy price management expertise and how we can control your costs. Protect your business from high energy costs. Contact John Thomas by E-mail or telephone today and let’s strategize on your electricity and natural gas costs.