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May 2016 Electricity and Natural Gas Update

Home Energy News ➞ May 2016 Electricity and Natural Gas Update

May 2016 Electricity and Natural Gas Update

Posted on 30 May 201630 May 2016 By pnccadmin

Energy futures pricing continues to be “low and range bound” however, we’re coming into summer heat season as well as forecasting for hurricane activity in the Gulf of Mexico. Hot summer means potential for higher electricity and natural gas pricing; predictions for an active hurricane season also impact direction (higher) of energy prices.

We’re in the midst of nice run of lower energy pricing due to amply supply and record storage of natural gas. That being said, lower pricing will end at some point as we’re dealing with a commodity and historically this is a cyclical business – always has been, always will be.

Stay tuned, please contact us regarding pricing options going forward.

NYMEX Henry Hub Natural Gas Wellhead Monthly Settlement Pricing.

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Posted in Energy News, PricingTagged Electric, hurricane activity, Natural Gas, News, price, Price protection, summer, Utility

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