Since last contacting all of you in February, my message remains the same: lock in your rates through at least 2021, preferably 2022. Excellent long term fixed rates are available and must be taken advantage of before they’re gone. And they will disappear.
Often I have mentioned (warned) my concern for price spikes during winter months. That’s exactly what happened this winter as New York state utility electricity supply prices spiked as high as 14 cents per Kwh while natural gas climbed as high as 82 cents per therm. Most of you were locked in and, thankfully, felt no pain.
Volatility will continue in the Northeast due to variety of reasons, among them limited delivery infrastructure and impending closure of Indian Point nuclear facility that produces 25% of Westchester county and New York City’s electricity supply. Closure is scheduled “by 2021” however volatility likely will occur before closure. Contact me to find out more.
Happy Spring, Happy Easter. I am thankful for my risen Savior Jesus Christ who paid my sin debt in full on the cross at Calvary over 2,000 years ago. He is risen indeed.